Steven R. O’Hanlon Embarks on New Role as Chief Executive Officer of Numerix

Identifying Challenges, Staying Ahead of Market Trends and Adapting to Regulatory Change Cements O'Hanlon's Place as Numerix's Next Chief Executive

New York, NY - February 5, 2013 - Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, today has the distinct honor to announce the appointment of Mr. Steven R. O'Hanlon as Chief Executive Officer & President of Numerix.  Dr. Gregory Whitten, who held the position of CEO since 2003 will remain Chairman of the Board.  A seasoned veteran with nearly thirty years of experience developing start-up software companies, Mr. O'Hanlon has contributed to a number of successful IPOs helping each firm achieve unparalleled growth and global recognition for its accomplishments.

"Since joining Numerix in 2002 as President & COO the company has grown 2163%. Under his extraordinary leadership Steve has helped guide Numerix to an impressive 5 year compound annual growth rate of over 20% and has led the company into the new frontier of risk," said Dr. Gregory Whitten, Numerix Chairman. "His vision continues to have a profound impact on company strategy enabling Numerix to take advantage of new opportunities and leverage its pricing and risk analytics to enter new business segments like Insurance. Because of his tireless efforts, Numerix has moved from a start-up 17 years ago to the leading market player for cross-asset analytics and risk management."

Since his joining the company Mr. O'Hanlon has overseen the company's corporate and product strategy, field operations, global sales initiatives, product development and marketing communications. During his tenure with Numerix, Mr. O'Hanlon has been credited with setting a number of key strategic initiatives in motion which have helped it reach new heights including consolidating the product stack into a single cross-asset analytics engine, creating the Numerix partner channel, focusing on key acquisitions, and developing innovative pricing and risk analytics solutions that solve real-world technology and quantitative challenges.

"I've dedicated my life to building organizations from the ground up, and can say that my work with Numerix has been the most gratifying of my career. In my new role as CEO, I look forward to accelerating our brand further into the risk space and executing on a number of major initiatives that empower the end user," said Steven R. O'Hanlon, Chief Executive Officer & President of Numerix. "As we drive forward, Numerix will continue on our path of delivering world-class solutions for real-time counterparty credit risk and market risk management, and continue our focus around innovative analytics for valuation helping clients to understand and respond to new regulatory demands and shifting global markets better than ever before."

Numerix has consistently ranked as the leader among the top analytics solution providers being recognized for its pioneering efforts in counterparty credit risk management (CVA), cross-asset pricing, structured products and technology innovation. In 2012 Numerix was recognized as one of the fastest growing companies in North America by Inc. Magazine's 500 5000 and Deloitte's Technology Fast 500™.  Mr. O'Hanlon was also recently recognized for his leadership in this year's Trading Technology 40, Institutional Investor's second annual global ranking of the most prominent executives in the financial technology industry.

About Numerix

Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products. Since its inception in 1996, over 700 clients and 75 partners across more than 25 countries have come to rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial instruments. With offices in New York, London, Paris, Frankfurt, Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and Australia, Numerix brings together unparalleled expertise across all asset classes and engineering disciplines. For more information please visit www.numerix.com

Numerix Media Contact

Emily Ahearn

Director of Public Relations

Phone 646 898 1294

Email: eahearn@numerix.com