Exigen Insurance Solutions Appoints Gwen Spertell as New CEO

San Francisco, Calif., August 27, 2008

Exigen Insurance Solutions, Inc., the IT 2.0 provider specializing in rapid implementation of new business initiatives and products for insurance, today announced the appointment of Gwen Spertell as Chief Executive Officer.

Spertell has over twenty years of executive management experience in the technology industry. Her strong focus on delivering value to customers, business building strategy and financial management has allowed companies to capitalize on market opportunities to drive business growth. Prior to joining Exigen Insurance Solutions, Spertell served as CEO of Liquid Engines, CEO of Intelligent Results, and COO of BackWeb. Spertell held several executive positions at Oracle during an eight-year span, including Vice President of Global ISV Alliances.

“Exigen Insurance Solutions provides one of the most advanced technology solution sets available to the Property & Casualty (P&C) insurance industry today. With a new round of financing supporting the expansion of its operations and product offering, the company is poised for significant growth,” said Spertell. “Having managed companies of a similar size, I see opportunity for dramatic expansion here, and I am thrilled to join Exigen Insurance Solution’s experienced team.”

Exigen Insurance Solution’s market-ready products and suite of P&C business lifecycle systems for policy administration, claims, billing and account management allow clients to rapidly introduce modern, service-oriented solutions and accelerate insurance product innovation. The solutions deliver competitive advantage, cost reduction and business process efficiency to top 10 global and U.S. carrier clients as well as mid-size and regional insurers.

“Gwen’s business-building experience made her our first choice to lead Exigen Insurance Solutions in its transition from a successful business unit of Exigen, Ltd. to a newly independent company,” said Jim Logan, Exigen Insurance Solutions board member, and former CIO of MetLife.

“Having Gwen join our executive team brings a very experienced hand to the helm at an exciting time in the company’s history,” added Yuri Shtivelman, Exigen Insurance Solutions board member. “Gwen has proven leadership abilities, directly applicable experience, and a terrific track record of growing companies. We are very pleased to have her on board.”