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Press Releases

July 01, 2002

LEVEL FOUR APPOINTS NIGEL WALSH AS EXECUTIVE CHAIRMAN

Financial technology pioneer Nigel Walsh joins fast growing ATM software firm, to play a key role in expansion plans for UK and Europe

London, UK, 1st July, 2002 — Level Four Software, a leading provider of best-of-breed ATM test and development software, today announced the appointment of Nigel Walsh to the board of directors, in the role of executive chairman. Walsh will help progress the growth plans of Level Four, targeting UK and European banks wishing to add new functionality to their existing ATM networks.

Nigel Walsh has an exceptional track record in growing successful IT businesses. As one of the founders and an executive director of UK financial software company, The Software Partnership, he was responsible for taking the company from a start-up into an international market leader, specialising in electronic delivery channels for financial services.

Following the multi-million dollar private sale of The Software Partnership to a US Fortune 500 corporation, Walsh has taken on a number of chairmanships and non-executive board positions with emerging software companies serving the finance sector.

Walsh comments, "I am excited about working with Level Four. They have the right products at the right time to grow a substantial business in the ATM and POS marketplace, particularly with the imminent introduction of EMV smart cards. Having developed their products in response to the direct needs of a small number of demanding UK banks, they now have solutions to problems which all banks currently face. I will assist them in bringing their products to the market and in developing the right company structure to support the growth I am convinced they will enjoy."

Banks are under enormous pressure to provide relevant and meaningful applications on their ATMs and turn these ‘cost-centres’ into a profitable customer service channel. Level Four’s software enables banks to add new revenue-generating applications such as mobile phone top-up and personalised advertising coupons onto existing ATM networks, without requiring costly network upgrades. Level Four also offer a component to aid banks in the preparation for the imminent introduction of new EMV smart cards. EMV FastTrack enables banks to thoroughly test ATM software before deployment, ensuring a smooth transition for customers.

Martin Macmillan, CEO, Level Four comments, "Nigel is a well known character in the marketplace. He’s been out there and done it himself, so he brings a wealth of industry experience to Level Four." Martin adds, "He is great to work with and we are looking forward to the next stage in the company’s development with excitement."

Level Four’s primary software technology is the ATM Channel Development Suite - a comprehensive toolkit that allows financial institutions to develop, test and rapidly deploy new content and applications within their ATM delivery channels. The ATM Channel Development Suite enables financial institutions to offer relevant, personalised and interactive functionality to customers through their existing ATM networks.

À propos de Level Four

Level Four est un spécialiste des solutions ATM qui permettent aux banques et processeurs de libérer le potentiel de profit de leurs réseaux ATM. Depuis 1995, Level Four occupe la position de principal fournisseur mondial d’outils de test et de développement pour le canal ATM, avec son produit phare ATM Channel Development Suite. S’alignant sur la tendance à la technologie à normes ouvertes et se basant sur son engagement continu à apporter des améliorations dans le canal ATM, Level Four a fait son entrée sur le marché du logiciel ATM intégré en 2006 avec Level Four BRIDGE. Ce produit exploite le solide héritage technique de Level Four pour livrer la première solution d’architecture réellement distribuée pour le marché ATM. Level Four a établi une impressionnante base de clients parmi les banques et processeurs de paiements dans le monde entier, notamment Royal Bank of Scotland, Lloyds TSB, National Bank of Dubaï, Rabobank, LINK et Standard Bank of South Africa. Avec son siège social à Dunfermline, Level Four a des bureaux à Maidenhead, Dubaï et Charlotte NC.

Visitez le site Internet de Level Four à l’adresse www.levelfour.com

Pour plus d’informations, contact:

Martin Macmillan
Level Four Software Ltd
Tel: +44 (0) 1383 720 118
E-mail: martin@levelfour.com

Hotwire PR
Nicola Truman / Alexia Ward
+44 (0) 20 7608 2500
E-mail: levelfour@hotwirepr.com




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