Bruno Combe Joins Cartesis as CFO and Michel Delloye Becomes Board Member for Cartesis' Holding Company; Cartesis Reinforces its Management Team with the Addition of Two Corporate Finance Veterans.

NORWALK, Conn. -- Cartesis, the largest business performance management (BPM) software specialist in the world, today announced that Bruno Combe has joined the company as Chief Financial Officer (CFO) and Michel Delloye has been appointed as an independent board member of the Cartesis holding company Sistecar.

"We welcome Combe as our new CFO and Executive Committee member and Delloye to our Board of Directors," says Didier Benchimol, CEO of Cartesis. "Both have outstanding track records in management and finance and will be major contributors to Cartesis growth strategy moving forward."

Combe will lead the finance, legal, administration and information services functions at Cartesis. He will play a pivotal role in developing Cartesis' growth and consolidating its position worldwide. Previously, Combe was Executive Vice President of Ingenico, the world's largest provider of secure transaction solutions for the banking and retail industries, where he was heading finance, development and partnerships. He was also General Counsel and Secretary of the Board of Directors. Prior to joining Ingenico, Combe was Senior Vice President at Bull, a major European IT products and services group. Most recently, Bruno was a corporate financial advisor and investor in technology companies.

"I am very happy to be joining Cartesis as CFO," says Bruno Combe. "The company's performance is impressive - with 60% penetration of its home BPM market and exponential growth internationally, I expect this to be an exciting, dynamic position."

"I hope to represent current and future shareholders by using my experience to influence the strategic direction of the company," says Michel Delloye. Delloye enjoys an illustrious career in finance and currently sits on the Boards of companies including Telenet, EVS Broadcast Equipment and Brederode. From 1998-1999, Delloye was President and CEO of Central European Media Entreprise (CME), the leading TV group in Central and Eastern Europe. Before that he was Managing Director at RTL Group (formerly CLT MultiMedia), the leading TV and radio group in Europe with 16 TV and 17 radio stations at the end of 1996. Early in his career, Delloye was CFO and later General Manager at Groupe Bruxelles Lambert. He also enjoyed a two year stint as President of Lambert Brussels Capital Corporation in New York.

Delloye will serve alongside current Sistecar Board Members Cartesis CEO Didier Benchimol, APAX Partner Gilles Rigal, Advent Venture Partner Peter Baines, Partech International's Philippe Collombel and former IBM Executive Khalil Barsoum.

About Cartesis

Cartesis is the largest and fastest growing Business Performance Management software specialist in the world with more than 1,300 corporate customers, 600 employees and 200 consultants worldwide. Created in 1990, Cartesis provides insight, control and confidence by unifying information, people and processes at demanding multinationals like Air France KLM, Danone, Diageo, Nissan, Societe Generale and Standard Life. Over 24% of Fortune Global 100 companies rely on Cartesis' deep financial expertise and standard-based technology for compliance, financial consolidation, management reporting, planning, budgeting, forecasting, intercompany reconciliation; all unified in a single data-model that can be leveraged by internal and external users. Cartesis' partners include Microsoft, Accenture, Bearing Point, E&Y, KPMG and PwC. Cartesis has customers in 44 different countries and offices in Brussels, Frankfurt, London, Norwalk (CT), Paris, Tokyo, Toronto and Utrecht. For more information, go to www.cartesis.com.

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