Allocate Software Appoints Chris Gale as Chief Financial Officer

15 February 2010

Allocate Software is pleased to announce that Chris Gale has taken up his post of chief financial officer, joining the Board with immediate effect. His appointment was announced along with strong interim results on Friday 29^th January 2010.

This appointment comes at a time when Allocate has begun its international expansion, following the recent acquisition of TimeCare, and Chris brings a wealth of experience transacting deals in Europe and North America. Chris has held senior financial roles in international public companies within the IT industry including: Apple Inc (in USA & European HQ), Cooper and Chyan Technology Inc (USA), Cadence Design Systems (USA & Europe), Interwoven and Clearswift (UK). In his most recent corporate role, Chris was CFO and acting CEO of GFI, a global software and hosted solutions company.

Ian Bowles, Chief Executive Officer commented: "I am delighted to welcome Chris to the Management Team. We have ambitious international expansion plans at Allocate Software and Chris brings with him a wealth of international and acquisition experience which will help us achieve our objectives. This appointment builds on the strength of the management team and provides additional international financial management and M&A experience which is required to take Allocate Software to its next level of growth."