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Jade chief executive to become Canterbury VC

JADE SOFTWARE CORPORATION NEWS RELEASE


Embargoed until 4.30 p.m. Wednesday, 15 October 2008

Jade chief executive to become Vice-Chancellor of the University of Canterbury

Jade Software Corporation Limited chairman the Hon Ruth Richardson today confirmed that the company’s chief executive, Dr Rod Carr, had been appointed to the position of Vice-Chancellor at the University of Canterbury, effective from 1 February 2009.

In congratulating Dr Carr, Ruth Richardson said, “This is an exciting appointment for the University of Canterbury just as Dr Carr's appointment as the chief executive of Jade was both exciting and successful for the company.

“With Dr Carr's acumen for the job and ambition for the country I am confident he will provide world class leadership for the University just as he was able to build Jade into a profitable and well performed software company deploying its innovative information technology around the world.”

Dr Carr joined Jade in July 2003 and has been responsible for the company’s turnaround, restoring it to profitability and subsequently growing the company. Over the past five years the company has increased its revenue from $32.2 million in the 12 month period to 30 June 2004 to $ 51 million for the 12 month period to 30 September 2008.

“The Jade Group is now a much stronger entity as a result of Dr Carr’s leadership. The company has a solid capital base, is experiencing consistent growth across all its business units, and has an experienced and able executive team. Dr Carr has kept me well informed on the process for the appointment of the Vice-Chancellor and will, of course, assist the company as we work to appoint a new chief executive,” Ruth Richardson said.

ENDS


ABOUT JADE SOFTWARE CORPORATION
Jade Software Corporation is a specialist technology services company with more than 25 years experience in helping organisations quickly respond to business, customer and supplier demands.

We create targeted solutions that enable responsive businesses to rapidly manage specific and complex information requirements. By combining our expertise and agile development methodology, we’ve enabled customers worldwide to deliver business-critical information that provides strategic impact with the reliability and robustness that comes from a mainframe computing heritage.

More than 3,000 organisations across Europe, North America, and Asia Pacific use Jade solutions to manage their specific information requirements. Our customers span multiple sectors, including logistics, shipping, finance and insurance, national security, health, education, human resource management, and enterprise risk assessment.

A privately owned New Zealand based company, Jade has offices in New Zealand, Australia, the United States, Canada and the United Kingdom. For more information visit: www.jadeworld.com

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