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Nedstat appoints new CTO
Fred Appelman to join management board and lead technical team


Amsterdam, 10 July 2007 - Nedstat announces the appointment of Fred Appelman as Chief Technology Officer (CTO). As member of the Management Board and Head of the IT department, Appelman will lead the technical team in developing and managing next generationís analytics services. Appelman will report directly to Michael Kinsbergen, Nedstatís CEO.

Appelman brings 20 years IT and management experience in e-commerce, online payment systems and business critical ASP solutions. From 2000 he worked at Internet payment company Bibit where he was appointed CTO in 2002. When Royal Bank of Scotland acquired Bibit in 2004 Appelman joined the management team of RBS Retailer Solutions that, in addition to Bibit, also consisted of Worldpay, Streamline, Streamline International and Hanco.

'Nedstat has built impressive web analytics software with industry-leading usability for every kind of user', says Appelman. 'Our new platform will support our next generation analytics services with virtually unlimited scalability and industry-leading performance. What I find particularly appealing is that all of Nedstatís initiatives are really focussed on the user.'

Michael Kinsbergen, CEO: 'With Fred joining our Management Board, Nedstat has taken another big step forward. His IT leadership experience will take our development and systems talent to new levels. We will continue to expand our organization and develop our products and services further to serve our customers in the best possible way.'


Publisher Contact Information:

Nedstat BV
+31 (0) 20 519 54 00
press@nedstat.com

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