Kerstin Speer to leave Ixchange

Johannesburg, 04 Dec 2000

Ixchange chief executive Derek Kreunen announced today that the group`s financial director, Kerstin Speer, is to leave the company at the end of December.

Speer is to take up a senior position with an information technology company in south-east Asia.

Kreunen thanked Speer for her contribution, saying she had helped to drive Ixchange`s growth since joining in September 1998. With annual revenues expected to approach R1-billion in its current financial year, more than 90% of which will be generated outside South Africa, the company has undergone dramatic change.

Speer said she had relished her time at Ixchange. "I`ve been approached with an excellent international opportunity to further my career. The time is right for me to take on another challenge."

Kreunen said Ixchange was in discussions with several prominent individuals with a view to succession. He said the company`s close working relationship with auditors Deloitte and Touche and corporate advisers NIB would assist during the transition.

Ixchange

Ixchange is a global software company focused on developing solutions which enable mid-sized companies to maximize and accelerate their customer value in the New Economy.

Ixchange`s FrontRange Solutions (formerly GoldMine Software Corporation) and Ability Corporation have established leadership positions in their respective markets for customer and service management solutions, and eCommerce fulfilment and inventory optimization solutions for the supply chain.

Ixchange`s incubator division focuses on accelerating new ventures in super-growth markets into fully-fledged divisions. Ixchange listed on the Johannesburg Stock Exchange in 1997 and has offices in the USA, UK, France, Germany, Australia, New Zealand and South Africa. For more information, visit www.ixchange.com.