Cato Rasmussen joins MetraTech as director, strategic accounts

Industry expert to use experience to help guide MetraTech’s growing role in key areas of the billing market

Waltham, Massachusetts June 8, 2006 — MetraTech Corp., the leading provider of Web Services-based billing, customer self-care, and partner management solutions, has announced that Cato Rasmussen, an experienced and well-recognized figure in the BSS market, has joined the company as director, strategic accounts.

Cato has come to MetraTech from Hewlett Packard, where he was responsible for business Development of the company’s BSS practice.

Prior to HP, Cato had over 15 years experience positioning, and selling Billing and BSS mission-critical IT solutions to the telecommunications industry. During that time, he held various management and directorship positions including a stint as Director for Business Development at Portal Software.

In his new role, Rasmussen will be responsible for building key strategic relationships with both prospects and existing MetraTech customers, who will benefit from his extensive market knowledge. He will report to Vladimir Mitrasinovic, MetraTech’s vice president of global sales and marketing.

Cato Rasmussen comments: “I am particularly excited by the opportunity to join a cutting edge company as it breaks through into the broader market. Billing is waking up to what MetraNet has offered for some time; the benefits of a true, Service Oriented Architecture. ”

Added Vladimir Mitrasinovic: “Cato’s arrival, alongside the arrival of Doug Zone in the role of chief technology officer announced last week, underlines the appeal of the MetraNet platform. These are exciting times for our company and Cato will be a key asset as we further establish our position in the market.”

Cato Rasmussen will attend the Billing Systems 2006 show in London between June 7 and 9 in his new role.

about MetraTech
MetraTech Corp. provides the leading Web Services-based solution for billing, customer self-care, and partner management. MetraNet, MetraTech's modular flagship platform, empowers customers to invent new business models and enhance collaboration among IT, business groups and subscribers. MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Frankfurt, Paris and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Vesbridge Partners (formerly St. Paul Venture Capital), Meritech Capital, Bessemer Venture Partners and Lucent Venture Partners. For more information, please visit www.metratech.com.

MetraTech is a registered trademark, and the MetraTech logo is a trademark of MetraTech Corp. All rights reserved. All company, brand, product, and service names are trademarks or registered trademarks of their respective holders.

To arrange an interview with Doug Zone or Scott Swartz, please contact:

Contact Person: Sarah Bedwell
Company Name: Mustard PR.
Telephone: 44 (0) 8700 994 460
Email Address: sarah@mustardpr.com

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