Leading Government Contractor Appoints New CFO

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Performant Financial Corporation, a premier provider of trusted advisory services through best-in-class technology solutions and unparalleled execution for such agencies as The U.S. Department of the Treasury, and the U.S. Department of Education announced today that Hakan Orvell has been named as the company's new chief financial officer reporting to Lisa Im, Chairman, President and CEO.

Performant Financial Corporation, a premier provider of trusted advisory services through best-in-class technology solutions and unparalleled execution for such agencies as The U.S. Department of the Treasury, and the U.S. Department of Education announced today that Hakan Orvell has been named as the company's new chief financial officer reporting to Lisa Im, Chairman, President and CEO. Orvell will lead Performant's finance function, including financial control, accounting, and risk management.

Performant's CEO Lisa Im said, "Hakan has extensive finance and operating experience that will provide an ideal background for supporting our strategic business program and objectives. His demonstrated record of success in developing world-class internal-reporting processes and controls and in building strong finance and accounting teams are critical skill sets in support of Performant's overall growth strategy. We're delighted to have Hakan join our team."

Prior to joining Performant, Orvell served as Chief Financial Officer for Neopost, Inc., a position held since 2002. He served eight years in increasingly responsible financial positions with Corporate Express, Inc. culminating in his promotion to Vice President, Controller of the Northern California division where we saw the company through a $215 million dollar revenue expansion. Orvell earned his M.B.A. in finance from University of Stockholm. Mr. Orvell is a Certified Public Accountant and a member of the American Institute of Certified Public Accounts.

Orvell said, "I am very excited to join such an ambitious and well renowned company. I am impressed with the quality of the management team and I know we will work well together to execute our strategic plan."

About Performant Financial Corporation

Headquartered in Livermore, California, Performant Financial Corporation delivers trusted advisory services through best-in-class technology solutions and unparalleled execution. The company is built upon three foundational principles: a commitment to innovation; building long-term, trusted relationships with partners and customers; and consistent investments in strengthening the industry's most highly skilled workforce. Performant also has offices in Lathrop, California; Grants Pass, Oregon; and San Angelo, Texas. More information is available at http://www.performantcorp.com.

Media Contact:

Andrew Fairbanks

Performant Financial Corporation

925-960-4778

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