ITEL IT&E

RNS Number:3071N
IT&e Limited
05 February 2008

                                  IT&e Limited



5 February 2008
                         ASX/AIM Announcement

                     RAZORTM selected by LCH.Clearnet Group



The Board of IT&e Limited ("IT&e" or "the Company")(ASX: ITE, AIM: ITEL), a
leading provider of financial software and consulting services to the global
financial markets, is pleased to announce that the LCH.Clearnet Group (LCH.C)
has selected IT&e's RAZORTM product as its Clearing House's Risk Management
System.



IT&e and LCH.C have signed a RAZOR license agreement to meet LCH.C's risk
management requirements as the central counterparty for trades executed on the
London Stock Exchange, Euronext.liffe, ICE, LME, Endex, virt-x, NYSE-Euronext
(excluding Euronext.Liffe), Powernext and Nodal exchanges. LCH.C also offers a
broad range of services in relation to the OTC interest rate swap, bond and repo
markets.



This significant project provides LCH.C with an overnight and intra-day risk
management solution at the forefront of industry thinking on the merging of risk
engineering and technology. Extensive use will also be made of RAZOR's risk
measurement and stress testing capabilities.



The decision to select RAZOR was made after a comprehensive and rigorous
evaluation of vendor solutions for the client's global risk management
requirements.

Richard Bennett, IT&e's Head of the Europe, Middle East and Africa region said,
"This is a deal of market significance not only for IT&e but for the
international risk software sector as a whole. It is a clear demonstration of
the market entering a new cycle, whereby the world's leading financial
institutions have started to act on the need to update risk systems to meet
higher expectations around what constitutes best practice in risk management.
This high profile win further confirms IT&e's leadership position in the higher
value marketplace and underlines our ability to win and deliver a significant
and increasing share of this market. RAZOR is increasingly being recognized as
the pre-eminent application in the Top Tier core risk software replacement
market".

James Maranis, CEO of IT&e said, "We are extremely pleased to have demonstrated
RAZOR's ability to adapt to the unique risk management needs of the LCH.Clearnet
Group an esteemed global financial institution with an enviable reputation as an
innovator in the financial marketplace. Following on from our win at the
Australian Stock Exchange Clearing House RAZOR has clearly become the Clearing
House Risk System of choice. This win represents another significant milestone
in the Company's global expansion strategy, and we look forward to executing the
implementation in the coming months."



                                                            - END -

Enquiries/Additional Information:



IT&e

Oliver Carton - Company Secretary: +61 412 149 118

James Maranis - CEO: +61 2 9236 9427

Richard Bennett - Regional Head, EMEA: +44 20 7621 8523



Grant Thornton Corporate Finance

Fiona Owen: +44 20 7383 5100





Media Enquiries:
Abchurch Communications
Joanne Shears                                         Tel: +44 (0) 20 7398 7700
joanne.shears@abchurch-group.com                      www.abchurch-group.com



About IT&e Limited



IT&e is a technology company dual listed on the Australian Stock Exchange and
AIM Market of the London Stock Exchange, specialised in providing solutions to
the global Financial Services markets.



IT&e offers three flagship products, RAZORTM NextSetPTXTM and Monarque(R), to
financial institutions. RAZOR enables organisations to effectively address their
market, credit and liquidity risk management requirements, both on an enterprise
and a departmental basis. Razor clients include ANZ, HSBC, ASX, Federal Home
Loan Bank, Pittsburgh, Man Group plc, RBC and Calyon New York. PTX enables
on-line trading of over the counter securities across multiple asset classes
(Securities, Money Market, FX, etc.) PTX clients include NAB, ANZ and QTC.
Monarque supports trading and treasury management at major banks and broking
houses, and comprises modules designed to automate front-office functions.
Monarque clients include Brown Brothers Harriman, Bear Stearns and the Chicago
Mercantile Exchange.



IT&e is headquartered in Sydney with offices in Melbourne, London, New York and
Chennai, offering a highly skilled team of specialists, providing technology
services across the financial markets and risk management business areas.



For further information about IT&e please visit our website at http://
www.ite-fs.com








                      This information is provided by RNS
            The company news service from the London Stock Exchange
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