Cypress Names Rachel Ryan Senior Vice President of Professional Services and Chief Financial Officer.

NORTH RICHLAND HILLS, Texas -- Cypress Software Systems, LP has named Rachel Ryan senior vice president of professional services and chief financial officer (CFO). She is responsible for growing Cypress' professional services practice and will oversee the company's financial activities. Ryan brings more than 17 years of expertise in the banking and finance industry to the position.

"We are very fortunate to add a person of Rachel's caliber and know-how to our executive team. She'll play a major role as we continue to grow our professional services division, and help our clients deploy best strategies and practices when using our software products," said Stephen G. Sargent, president and chief executive officer. "With her extensive background in the banking and finance industries at companies like Citigroup, we expect that she'll have a positive and immediate impact with our company and our clients."

Prior to Cypress, Ryan held several commercial risk management and commercial lending positions at Citigroup over a six-year span. During her tenure, she was chosen to attend Citigroup's exclusive Commercial Credit College, where she gained valuable commercial lending experience from some of the industry's top professionals.

Before Citigroup, Ryan worked four years as director of risk management for a small consumer risk management company, where she gained experience in the consumer lending field. She also has worked as CFO for Cypress on a part-time basis since the company was formed in 2000.

Ryan received her bachelor of business administration degree in accounting from Texas Christian University in Fort Worth, Texas in 1988. She is also a certified public accountant (CPA) in the state of Texas, licensed in 1991.

About Cypress Software Systems

Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems, LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company's flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $200 million or less. Web Site: www.go-cypress.com.