Company Logo Friday, July 15, 2005

John Gillberry joins Software Innovation as CFO

John K. Gillberry brings expertise in venture-backed enterprises and business acumen to SI

Toronto, Ontario – July 15, 2005 - Software Innovation today announced that John Gillberry has joined the organization as Chief Financial Officer (CFO).

John is a seasoned senior executive with a track record spanning nearly two decades of success with particular expertise in managing the finance and operations of venture capital backed enterprises. He has successfully completed complex transactions including mergers, acquisitions, cross-border business arrangements and international business agreements and has held a variety of senior roles ranging from Vice President CEO at a variety of leading firms including G.A. Finance, RCA Corporation, General Electric, Thomson SA, Radiant Energy Corporation and Newcourt Credit Group.

A successful entrepreneur in his own right, John was the founder and president of Bayfield Capital Group, a specialized corporate finance advisory firm providing expertise in areas of mergers, acquisitions, asset based lending solutions, capital acquisition and other growth strategies which may take advantage of non-traditional or equity financing.

Mr. Gillberry sits on several Boards of both public and private corporations and is active in local and community non-profit organizations. Mr. Gillberry holds a Masters Degree in Business Administration from the Ivey School of Business, University of Western Ontario.

"The addition of John Gillberry to the SI team solidifies our foundation of financial and operational expertise as we prepare to accelerate our growth," says Randall Howard President & CEO. "John’s experience and enviable track record will be put to good use as Software Innovation expands on its early success with companies like Fluor Corporation and continues to drive towards our goal of being the leading provider of project collaboration solutions for large capital projects.”

About Software Innovation
Software Innovation is the developer of Coreworx™ solutions, providing secure global worksharing to support the entire lifecycle of large capital projects. These integrated solutions help enhance capital projects by dramatically reducing costs, reducing project timelines, and by mitigating legal and financial risks. The company also delivers tailored technology solutions for clients in a variety of vertical markets, based on project collaboration, document management and customer relationship management technologies. Founded in 1997, Software Innovation Inc. is based in Toronto, Canada and services clients throughout North America and around the world.

linkback: http://www.softinn.com/news_pr_2005_07_15.asp

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