ITEL IT&E

RNS Number:7383S
IT&e Limited
21 April 2008

Date: 21 April  2008

IT&e Limited


IT&e's RAZOR goes live with RBC


IT&e Limited (ASX code: "ITE" AIM: "ITEL"), a leading provider of software
solutions to the global financial services market, is pleased to announce that
Royal Bank of Canada (RBC) has implemented IT&e's RAZOR risk management solution
for derivatives credit risk management.  Additionally, RBC has commenced the
next phase of its trading risk oversight infrastructure renewal project which
will provide an integrated view of its market and counterparty credit risks.

Rolled out globally to measure and manage potential credit exposure and economic
capital, RBC can now use RAZOR to obtain a more accurate view of credit exposure
and limit utilization in its trading book.  RAZOR's extensive drill down and
what-if functionality provides the transparency required to manage derivatives
credit risk proactively in today's turbulent markets.

Herve Leung, Head of RBC Group Risk Management's Enterprise Market Risk,
commented, "As the credit trading market develops, RBC's vision is to
pro-actively manage its counterparty credit and market risks within a single
trading management framework, and we are now embarking on the next half of this
project to migrate our existing market risk oversight platform into the RAZOR
infrastructure."

John Groetch, COO of IT&e in North America noted: "We are very pleased to add a
bank as prestigious as RBC to the growing list of live RAZOR clients. This was
an ambitious project involving high transaction volumes, multiple locations,
sophisticated products, and advanced analytics. Our partnership approach to
implementing the RAZOR solution has been very successful, and we look forward to
working together to integrate market risk functionality in the next project
phase."

Malcolm Warne, Head of IT&e's Risk Practice; added "The success of this project
has enabled RBC to gain the benefits of simulation-based, intra-day credit risk
management within a project timeframe of less than 12 months."

                                    - END -

Enquiries/Additional Information:


IT&e

James Maranis - CEO: +61 2 9236 9427

Grant Thornton Corporate Finance

Fiona Owen: +44 20 7383 5100

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 L.C.H.Clearnet Group, 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 and ANZ.
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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