Profit Software Expands to Sweden

Press Release
August 13, 2004

Profit Software Ltd. is expanding to Swedish markets with a completely new portfolio of modern technology products. Country operations are headed by Ulf Ström, who has an extensive experience in theArticles field of IT technology and services in the Skandinavian market.

Sweden is one of our key market areas. We have products for both life and general insurance companies. Products that represent the latest technology are easily adjusted to meet the local criteria, states Harry Nyroos, who is the President of Profit Software.

Profit Software Ltd, employing over 100 people, is a fast growing and financially solid company. Founded in 1992, Profit Software is privately held and headquartered in Helsinki with sales and support operations in Tallinn, Stockholm and Warsaw. Profit Software’s products have been deployed for more that 40 clients in 7 countries.

For more information on Profit Software, please visit www.profitsoftware.com

Additional information:

Ulf Ström
Profit Software (Sweden)
Box 22322
104 22 Stockholm
Tel. 46  733 24 82 90

Pekka Lemettinen                                                                    
Executive Vice President
Tel.  358 9 68173321