TimesTen Targets Real-Time Enterprise Applications in Europe

6/3/2004 - TimesTen, Inc., a provider of real-time infrastructure software, announced the opening of a new office in Germany to support the company's growing base of European customers. To lead the office, TimesTen has hired Haiko Schueler as account manager, assuming responsibility for Germany, Austria and Eastern European countries. The new office confirms TimesTen's commitment to providing dedicated local support to existing customers, and enables the company to better address growing demand for real-time applications in the enterprise. The German office complements TimesTen's UK presence, which has been the hub for Europe, Middle East and Africa (EMEA) sales, consulting and technical support for more than 3 years.

Schueler, based near Frankfurt, brings to TimesTen more than 15 years experience in the IT industry, most recently from TIBCO Software. For most of his career, Mr. Schueler has focused on the telecommunications and financial services markets, two core industries for TimesTen. Prior to Tibco, Scheuler was with telecommunications billing provider Portal Software. Previous account management and pre-sales technical experience were gained from positions at Sun Microsystems, Informix Software, EDS and Digital Equipment.

"Our increasing sales activity and expanding customer base call for a local presence in Germany," said Ian Lovatt, director EMEA, TimesTen, Inc. "Haiko's background brings an excellent mix of real-time infrastructure software expertise and vertical industry knowledge to TimesTen, and we are delighted to have him lead our new office. Our customers will continue to receive the specialized services and attention that they have become accustomed to, and will now have the added convenience of a local presence," added Lovatt.

About TimesTen, Inc.
TimesTen provides real-time infrastructure software for managing events, transactions and data within performance-critical applications. Systems built on TimesTen are instantly responsive, highly scalable and continuously available, helping organizations improve customer and supplier loyalty, streamline operations and increase IT efficiencies overall. Amdocs, Cisco, JP Morgan, Nokia, Sprint and United Airlines are among TimesTen's customers. For more information, visit www.timesten.com.

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