QuIC and RedShift Partner to Offer Enhanced Credit Risk Solutions to Global Energy Sector

Vancouver, Canada (November 5, 2009) - QuIC Financial Technologies Inc, a global solutions provider of risk management, pricing and financial analytics, today announced a strategic cooperative partnership with RedShift International, a specialist credit risk consulting company, to offer enhanced credit risk solutions designed to address the evolving risks facing the global energy sector.

“By partnering with Redshift, we are able to meet the growing demand for our solutions in the growing energy sector marketplace,” stated Justin Forrest, Executive Vice President of Global Sales for QuIC. “We look forward to assisting their teams as they incorporate QuIC technology into their service offerings, strengthening their ability to deliver comprehensive credit risk solutions.”

Under the terms of the agreement, the two companies will leverage each other’s core competencies and domain expertise to expand their reach in this key market.

“We are eager to learn more about QuIC Solutions and offer our services to implement their technology,” added Aviv Handler, Partner of RedShift. "As part of our growth strategy we have joined forces with several leading risk management providers who will allow us to build out our service portfolio to help energy vendors and operators manage their critical credit risk systems.”

As part of this new cooperative partnership, QuIC will benefit by tapping into RedShift’s approach to credit risk solutions and professional services for the energy sector. By implementing QuIC technology, RedShift can offer unparalleled performance of risk analytics, improving the speed and accuracy of real-time information on risk adjusted exposures to facilitate critical business decisions.

About RedShift International Limited

RedShift International is a specialist credit risk consulting company that offers expertise and services for the energy, commodity and investment banking markets. RedShift offers unparalleled expertise and experience in the area of credit risk processes, system implementations and optimal configuration through the founders' direct experience of over 30 credit projects.


About QuIC Financial Technologies, Inc.
QuIC is a global solutions provider for risk management, pricing and financial analytics.
The QuIC Product Suite features an exceptionally fast vector-based calculation and simulation platform for pricing, risk management and financial analytics. Built with fully open technology, the QuIC Product Suite integrates easily with in-house and partner systems and operates in diverse environments, from a single laptop to large distributed grids. QuIC technology is delivered on a shared calculation fabric available to multiple recipients throughout the enterprise, allowing risk management professionals to collaborate in developing new analytics strategies and technology solutions.

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Press Contact
Julie Zuzek
Director of Marketing and Communications
QuIC Financial Technologies Inc.
Tel: +44 (0)20 7562 4570
Fax: +44 (0)20 7562 4571
julie.zuzek@quic.com

Aviv Handler and Ian Tobin announce the launch of Redshift International Limited

RedShift International launches its services as the specialist credit risk systems consultancy to the energy/commodity trading and financial services markets

London — June 8, 2009 — Aviv Handler and Ian Tobin announced today the launch of Redshift International Limited, a specialist credit risk consulting company that offers expertise and services for the energy, commodity and investment banking markets.

RedShift offers unparalleled credit risk expertise and experience in all aspects of credit risk technology, whether performing a full system roll out or optimising an existing installation. It is the only specialist company that has detailed knowledge of the major credit risk system suppliers in all aspects of the products and their implementation. RedShift boasts a concentration of credit expertise within one company that has detailed knowledge of over 30 credit system projects covering North America, Europe and Asia.

Aviv Handler, Founder said “the importance of a solid credit infrastructure has increased significantly.Our clients need to have up-to-date information on their risk adjusted exposures  in adequate time to make real business decisions. We can provide the pragmatism needed in order to attain a sensible solution within a reasonable timeframe and budget.”

Ian Tobin, Founder said “in today’s economic climate companies are being forced to impose stricter and more sophisticated credit risk controls on their businesses. We are delighted to be able to offer impartial credit system advice on the pros and cons of a product purchase versus a bespoke solution and pass on the lessons learned from over 30 different credit projects.”

Prior to RedShift  Aviv Handler founded Coherence Consulting, a specialist consulting company offering credit risk expertise to the energy and commodity trading markets and investment banks . Coherence provided services to a variety of companies including oil majors and utilities. Prior to founding Coherence he built and brought to market the credit risk system within the Panorama product from SunGard. He has also been the head of product strategy for KWI, who provided software to the gas and power trading industry.

Prior to RedShift Ian Tobin founded Raft International and was head of product strategy there for more than 10 years. Raft (now Temenos) produced the energycredit product. Subsequently Ian worked for the ROME Corporation (now Triple Point Technology) as the Managing Director (EMEA) and Chief Strategy Officer.

RedShift International is delighted to be a sponsor at the International Energy Credit Association (IECA) 23rd Annual European Conference in Budapest from 7th – 9th June 2009. The event is attended by major international energy and trading companies together with international bankers and others from the financial services sector and other support companies serving the industry.

About RedShift International Limited
RedShift International is a specialist credit risk consulting company that offers expertise and services for the energy, commodity and investment banking markets. RedShift offers unparalleled expertise and experience in the area of credit risk processes, system implementations and optimal configuration through the founders' direct experience of over 30 credit projects.

Our specialist knowledge ensures that our clients enter an engagement aware of all the potential issues and pitfalls of any proposed project, whether it is a full package selection and implementation, or simply changes to extract maximum value out of an existing setup. For more information please visit www.redshiftint.com

Media Enquiries:
Jane Stoll
Marketing Director
Redshift International Limited
Tel: +44 (0)207 073 2841 
Fax: +44 (0)203 070 0820
Email: jstoll@redshiftint.com

For more information please click on the links to download our corporate overview and credit services brochures.