Axioma Names Andrew G. Papandreadis Director of Product Strategy and Management

NEW YORK, June 1, 2006-Axioma Inc., a leading global provider of risk analysis and portfolio rebalancing tools for the financial services industry, today announced the appointment of Andrew G. Papandreadis as Director of Product Strategy and Management.

"Andrew is a seasoned IT executive with more than 15 years of strategic leadership experience in financial services," said Daniel Cashion, President of Axioma. "As Axioma's growth accelerates, Andrew's strengths in strategic product planning and development will play an important role in ensuring that we continue to provide innovative and exciting new products to the fast-growing number of Axioma customers worldwide."

Papandreadis was previously with IBM, where he was an Associate Partner in the Financial Services Practice. As a global practice leader, Papandreadis led the development of an organization to provide solutions and services to exchanges and front office operations for broker/dealers and investment managers.

Before that, Papandreadis was with Burlington Capital Markets as Senior Vice President - Head of Technology. Papandreadis oversaw the development of a fully electronic equities trading operation, while helping to define product strategy and implement solutions for portfolio and options trading and risk management.

He spent five years at Instinet, where as Director - Head of Crossing Technology he focused on strategic product development and led a key project build the technology necessary to run a foreign exchange crossing service.

Earlier in his career, Papandreadis was with Ernst & Young LLP as a Senior Manager in the firm's IT Practice.

Papandreadis holds a B.S. and an M.S. in mechanical engineering from Oklahoma State University, and NASD Series 7/63 licenses.

About Axioma
Axioma, Inc. develops and markets innovative risk analysis, portfolio rebalancing and performance attribution products for the financial services industry. Founded in 1998 and headquartered in New York, Axioma helps leading financial firms manage risk, increase returns and improve operational efficiency.

For more information about Axioma, please contact Reid Gearhart, 914-734-1191, or visit the company's Web site at www.axiomainc.com.

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