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BSS (inc. billing, revenue assurance)

FTS Appoints New CFO

LONDON -- FTS (LSE: FTS), the global provider of Business Control, Billing and CRM solutions for Communications Service Providers, today announces the appointment of Alon Raz as its Chief Financial Officer.

Mr. Raz joins FTS after serving three years as Chief Financial and Operational Officer at Team Computers and Systems Ltd., one of Israel's largest IT groups. At Team, he led the acquisition of Malam, a deal which propelled Team into becoming Israel's second largest IT group.

Prior to Team, Mr. Raz was Vice President and CFO for four years at Visson Enterprises Ltd., a high-tech company which developed a revolutionary, flexible textile information display technology. At Visson Enterprises, he closed a number of financial funding rounds. One of the major investors, the Netherlands' Philips BV, came onboard with the company following successful negotiations with Mr. Raz.

Mr Raz holds a BA degree in Economics and Accounting, an MA degree in Economics & Business Administration (Finance) and an MBA from the Hebrew University, Jerusalem.

"Alon joins us at a key time, as FTS looks to grow and develop the company in new and existing market sectors," said Amos Sivan, Chief Executive of FTS. "Alon has consistently added a great deal of value to every management team that he has been part of, and we are pleased to be adding his ambition and experience to the FTS Management Team."

FTS (London: FTS)

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