Reval Names Wincor-Nixdorf’s Brad Waugh to Board of Directors

New York, February 12, 2008 – Reval, a global leader in financial risk management solutions and services, today announced the election of Brad Waugh to its Board of Directors. Waugh is the President & CEO of Wincor Nixdorf USA, one of the world’s leading suppliers of IT solutions to the retail and banking industries with operations in over 90 countries. Waugh is responsible for the performance of Wincor-Nixdorf’s U.S. operations in retail, banking and services, including marketing and sales. He works closely with Wincor-Nixdorf GMbh to execute its business development strategy and company plans to drive the focused expansion of the North American IT services infrastructure.

"We’re extremely excited to have Brad Waugh join Reval’s Board of Directors," said Jiro Okochi, Reval’s CEO and Co-founder. Brad’s success as President & CEO of a fast-growing, industry-leading company, coupled with his sales and marketing expertise make him an ideal and strong addition to our Board. We look forward to Brad’s contributions helping advance Reval’s leadership team."

Before Wincor-Nixdorf, Waugh previously served as founder, President & CEO of Watch Hill Partners (WHP), a venture-backed CRM (Customer Relationship Management) consulting firm that specialized in the optimization and mobilization of sales force and service-level automation of financial services companies. Prior to his executive roles at Watch Hill Partners and Mastercard Advisors, Waugh was Executive Vice President of Covansys, Inc.

Waugh received his bachelor’s degree in Marketing and Management Information Systems from Boston University where he was also on the Board of Directors for the school of management. In 2004 he won the Technology Award for Entrepreneurship from the Entrepreneurship Forum of New England (EFNE).Waugh currently serves on the Board of Directors of Point Judith Capital, Blue Cross & Blue Shield, and Antenna Software.


About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

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