Altamedius appoints new CEO

Dublin, January 8, 2001. Altamedius, a leading provider of next generation payment intermediation technology, today announced the appointment of Philip Jording as Chief Executive Officer.

This appointment marks the company’s commitment to accelerating its leadership position in the fast growing market for intermediation and payment technologies.
A native of Sweden, Philip comes to Altamedius with an outstanding track record in the creation of lasting growth in high technology companies. He has excellent knowledge of the mobile payments industry, having served as COO of Thyron. Previously Philip held a number of executive positions with Ericsson in Europe. He served as Managing Director of an Ericsson company in Netherlands, where he developed and increased revenue 80% year on year to create a $100 million business. He has set up Ericsson companies in four countries, and chaired Ericsson subsidiaries in the UK, Spain and Austria.
"I am thrilled to have joined Altamedius at this juncture", said Jording. "The Altamedius approach is entirely unique. In a single integrated platform, we have proved that we can meet the business needs of both banks and mobile network operators."
"Altamedius has created a unique response to the payment needs of the digital goods and services market", he added. "We have established momentum with a customer base that now includes leading banks and mobile network operators. The next stage for the company is about growth, customer acquisition and profitability."
Maurice Roche, Partner with Delta Partners and Board Director of Altamedius, commented: "I am delighted to welcome Philip to the company. He brings with him a wealth of management experience, superb understanding of the payments industry and a demonstrated track record of profitable business development in the high technology space."
Outgoing CEO John McCallion said: "We are particularly pleased to have attracted a senior executive of Philip’s calibre. I am confident that he has what it takes to continue the Altamedius success story and lead the company through the next phase of growth."
McCallion, co-founder of Altamedius and former CEO, will assume the role of Chief Operating Officer and will continue to serve on the Board of Directors.

Altamedius
Tel: +353 1 498 9620; +353 87 2426 380

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