SOURCE: ROME Corporation

January 17, 2007 06:00 ET

ROME Corporation Selects Key Industry Veterans to Lead Strategic Vision

Record Growth in 2006 Results in Expanding Executive Management Team and European Presence

AUSTIN, TX -- (MARKET WIRE) -- January 17, 2007 -- ROME Corporation, the leader in Enterprise-wide Credit Risk Management, today announced the appointment of a new member to their Executive Management Team and the addition of a new Director of Credit Risk Solutions.

Ian Tobin has been appointed Chief Strategy Officer and Managing Director of EMEA Operations. Prior to joining ROME Corporation, Ian was a founding member of Raft International PLC, a London-based risk management Software Company that was acquired by Financial Objects in March 2006. Ian held the position of Product Strategy Director at Raft for 10 years.

As the head of product strategy, he was responsible for the direction and business content of Raft's suite of credit risk management products. He was instrumental in taking their credit risk management product into the Energy trading space in 2000 and growing the business in both the United States and Europe.

As Chief Strategy Officer for ROME, Ian is responsible for extending the company's business strategy and vision by driving ROME's strategic product roadmap. As Managing Director EMEA, Ian is responsible for continuing to build ROME's presence outside of the US, with particular emphasis on growing the customer base in Europe.

Michael Carter also joins ROME as Director of Credit Risk Solutions. Most recently he was Credit Manager - Crude Oil, Products, and Liquids at Chevron. Michael brings over 20 years of energy industry experience covering a wide variety of regulated and unregulated products and services including power, crude, natural gas, products, exotic derivatives, and others.

Carter has a successful track record within the industry using capital, commodity, and insurance markets to employ both traditional and alternative risk transfer solutions. Prior to Chevron he was responsible for establishing the credit departments at Southern California Edison and Dynegy.

The role of Managing Director of EMEA was previously held by Dan Reid. Mr. Reid is a founding member of ROME Corporation and has been instrumental in establishing ROME in the European marketplace. He will remain heavily involved in ROME's global presence in his new role as Chief Marketing Officer and Senior Vice President of Global Solutions.

"The industry knowledge that Ian and Michael bring to ROME enables us to continue to deliver the most robust and user friendly credit risk management solutions available to the energy marketplace," said David Achim, CEO of ROME Corporation. "We are confident that their demonstrated expertise is precisely what we need to enhance our strategic vision and provide innovative solutions for our clients. ROME exited 2006 with record sales and revenue growth and is now extremely well positioned for further growth in 2007."

About ROME Corporation

ROME Corporation is a leading enterprise software company delivering enterprise risk management solutions to companies in the energy marketplace. ROME's suite of credit risk management products work together to help automate and streamline the processes for managing contracts, collateral, counterparties, credit scoring, and exposure.

ROME solutions enable our customers to minimize risk while achieving greater efficiencies, increased liquidity and improved transparency. ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, with a sales and services office in Houston, and can be reached at 512-347-3200 or www.romecorp.com.

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