Dublin (1st March 2006) - Phoenix Technology Group (Phoenix) today announce the appointment of Ciaran Mulloy as the New Business Development Manager for the Company. Ciaran has many years experience of business development within the Financial Services marketplace having previously worked for Temenos and CMG (now part of Logica CMG). “We are delighted to have Ciaran join the team. New Business development is our main focus for 2006 so the addition of an experienced sales executive will allow us to execute our business development plans” said Brenda Reilly, Director of Sales and Marketing for Phoenix. “I look forward to working with Ciaran to develop new opportunities for the company and further strengthen our leadership within the market” .

About Phoenix Technology Group

Phoenix Technology Group delivers process, content and records management solutions to financial services companies on a fixed cost and fixed timescale basis. Our customers include blue-chip names such as AXA, Royal & SunAlliance, FirstAssist, Lloyds TSB and many more. If you would like any further information on our solutions or our services, please contact us.