BRIXLOGIC ADDS EXECUTIVE VICE PRESIDENT OF BUSINESS DEVELOPMENT TO ITS MANAGEMENT TEAM

Brixlogic, Inc., a leading software provider of next generation Financial Messaging solutions, announced today that Michel Darnaud has been appointed Executive Vice President of Business Development

For immediate release

Contact:
Benedicte Ennis
be@brixlogic.com
Brixlogic
+1 408 203 3508

BRIXLOGIC ADDS EXECUTIVE VICE PRESIDENT OF BUSINESS DEVELOPMENT TO ITS MANAGEMENT TEAM

High-tech veteran to lead business development for Brixlogic Financial Message Processing solutions

Mountain View. CA (PRWEB) May 19, 2003 -- Brixlogic, Inc., a leading software provider of next generation Financial Messaging solutions, announced today that Michel Darnaud has been appointed Executive Vice President of Business Development. In his role, Darnaud will develop OEM and strategic partnerships with major software vendors and system integrators.

As a key member of the team, Michel will focus on driving the rapid adoption of our solution in the financial services market" said Xavier Wartelle, CEO of Brixlogic We are thrilled to have Michel bring his experience and energy to the team to continue the rapid expansion of Brixlogic."

"I am delighted to join a pioneering and growing company. Brixlogic has a unique Message Processing technology that allows financial institutions to quickly take advantage of new XML protocols and web services architectures. I am looking forward to developing successful partnerships to accelerate the growth of Brixlogic", said Mr. Darnaud.

Michel Darnaud brings 16 years of management experience in Business Development, Marketing and Product Management to the team. Most recently, Mr. Darnaud served as General Manager and SVP of Business Development for Enition, a company funded by Cisco and Reuters, offering an IP protocol based billing solution for distribution of digital content. In that capacity, he was responsible for establishing strategic and revenue generating alliances on a worldwide basis. Prior to that, he was Vice President of Worldwide Business Development at ditto.com, a visual search engine technology provider and head of Business Development for Asia Pacific at Whistle Communications, subsequently acquired by IBM. Michel Darnaud spent seven years at British Telecom in the United States and France, working in various Product Management and Strategic Marketing capacities. He holds an MBA in International Marketing and Finance from INSEAD, an Engineering degree in Telecommunications and a BA in Economics from the Sorbonne.

About Brixlogic
Enabling Next Generation Financial Interactions
Brixlogic develops next generation Message Processing solutions that allow Financial Institutions, System Integrators and Financial Software vendors to quickly implement XML-based protocols and Web Services architectures. Brixlogic offers solutions to four different markets: payment services and ATM transactions, retail and commercial banking, insurance and capital markets.

The solutions enable Financial Service Providers to offer high value-added services integrated with customer business processes while realizing cost savings associated with electronic data interchange. The Brixlogic technology simplifies the deployment process with a 100% visual tool that enables customers to quickly adapt their XML applications to specific and ever-changing requirements.

Founded in January 2002 and privately held, Brixlogic is headquartered in Mountain View, CA, with a sales office in Paris, France. Please visit www.brixlogic.com for more information.