StreamBase Appoints Fraser Herrick as Vice President and Head of EMEA Sales

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London, United Kingdom - June 8, 2010 - StreamBase Systems, Inc., the leader in high-performance Complex Event Processing (CEP) technology, today announced the appointment of Fraser Herrick to the position of Vice President and Head of EMEA Sales.

“Fraser is a fantastic addition to our EMEA team and we are very excited to have him joining StreamBase,” said Andy Menzies, Senior Vice President, Worldwide Sales, StreamBase Systems. “Fraser was instrumental in the early growth of Progress Apama and so we’re delighted he has decided to join us at StreamBase. StreamBase is seeing rapid growth in EMEA and Fraser’s strong experience in CEP in the capital markets is going to be key to our continued success.”

Mr. Herrick joins StreamBase with over 20 years of business development and services experience in the financial technology sector, most recently in electronic trading systems. Mr. Herrick has a proven record in growing market presence and sales teams in EMEA. His previous roles include executive and senior management positions at Progress Apama, Iris Financial, Strategic Asset Management Solutions Ltd (SAMS), Nexgen, and Comshare.

“I have enjoyed being part of the CEP industry since 2005 and am now very pleased to be joining StreamBase, and leading the EMEA team,” Mr. Herrick says. “Investment banks, hedge funds, and dealer-brokers are becoming more aware of the increased productivity and performance CEP platforms offer as they look to enhance their next generation of trading systems.”

As Vice President and Head of EMEA Sales, Mr. Herrick will manage StreamBase’s growing European sales teams and pre-sales professional services. He will be based in London and report to Andy Menzies, Senior Vice President, Worldwide Sales.

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