PrimeRevenue Bolsters Leadership With New CEO
Paul Jeffrey “PJ” Bain Takes Helm, Joe Juliano Continues Board-Level Role

ATLANTA, August 7, 2009 – PrimeRevenue, the leading provider of Supply Chain Finance (SCF) solutions, announced the appointment of Paul Jeffrey “PJ” Bain as Chief Executive Officer. Joe Juliano will continue his contribution to PrimeRevenue as an active member of the board of directors.

PJ brings to PrimeRevenue a proven track record of success in leading organizations to next-level performance and growth. Prior to joining PrimeRevenue, he held a number of executive-level positions in technology and supply chain organizations. Most recently, he was the VP and General Manager of Exact Software, a leading global provider of business software solutions, where he was the senior executive responsible for operations throughout North America and Latin America, directing an organization of over 350 individuals. Prior to his tenure at Exact, PJ was founder and CEO of Inspired Solutions, an award winning firm that grew to be the largest reseller of Exact Software in North America, and was later acquired by Exact. He also led numerous acquisitions, co-founded several successful technology companies, and served as interim CEO for technology companies in transition. PJ received his Bachelor of Industrial and Systems Engineering degree from Georgia Institute of Technology.

“We are delighted that PJ has joined the PrimeRevenue team,” commented F.W. “Billy” Hulse, Chairman of PrimeRevenue’s board of directors. “His record of success and proven ability to build teams that perform and scale will build upon the solid foundation put in place over the past several years. He joins at a time of significant market demand for Supply Chain Finance, and we’re excited that he has come on board.”

Added Billy: “We are also pleased that Joe Juliano will continue his contribution to PrimeRevenue as a member of the company’s board of directors. This will allow us to ensure a very smooth transition in leadership, as well as continue to leverage Joe’s knowledge of SCF.”

As CEO of PrimeRevenue between 2005 and 2009, Joe Juliano led the Company to its leadership position in the supply chain finance market. “I look forward to working closely with PJ and the board to serve the company in a continuing capacity”, said Joe Juliano. “I am very excited about the prospects for PrimeRevenue and look forward to this new role.”

PrimeRevenue CEO PJ Bain said: “PrimeRevenue has an extraordinary list of high profile Global 2000 customers, an exceptional team of employees and partners, a stable, compelling product in a timely market and is financially very strong. The team’s passion for the business is reflected by their performance to date, the achievement of exceptional quality levels, outstanding customer service and the high number of reference accounts. We are deep in the sales cycle or in actual enablement with several new marquee customers. I’m excited to bring my experience to the team and look forward to building on the established track record as we continue to accelerate our growth and drive higher levels of value for our customers, partners, employees and investors.”

An award-winning SCF solutions and services leader, PrimeRevenue has earned a reputation for world-class performance of systems and solutions and an unrivalled supplier enablement and on-boarding methodology. PrimeRevenue attained profitability in 2008 and to date in 2009 its strong operational performance continues as PrimeRevenue processed over $45 billion in payments on an annualized basis in 45 buyer programs worldwide with thousands of supplier accounts enabled and onboarded in over 26 countries. PrimeRevenue currently processes approximately 50,000 transactions per day, while customer and financial institutions users have experienced system up-time of over 99.9%.

About PrimeRevenue
PrimeRevenue's leading global Supply Chain Finance (SCF) platform and solutions enable dramatic new working capital efficiencies for the benefit of buyers and their suppliers. PrimeRevenue achieves this through the delivery of secure, robust, industry-leading Software as a Service (SaaS) technology, a global community of the world's most innovative financial institutions and partners, and flexible working capital solutions and advice. Bank Technology News named PrimeRevenue as a "Top 20 innovation in the past 20 years." Companies are relying on SCF deployments powered by PrimeRevenue to optimize working capital, remove risk from their supply chain, and forge stronger trading partner relationships. Headquartered in Atlanta, Georgia, PrimeRevenue has offices and customers throughout the world.

MEDIA CONTACTS:
Bob Kramer
+1 (678) 904-7103
PrimeRevenue
pr@primerevenue.com

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