New VP of Production of Formula Telecom Solutions, Inc. Announced




Boca Raton, Florida -/Wi-Fi Technology News/- FTS (LSE: FTS), a global provider of Business Control, Billing and CRM solutions for service providers, today announced the appointment of Dr. Robert Sawdye as VP of Production of Formula Telecom Solutions, Inc. (FTS Inc.), FTS? U.S. subsidiary, in charge of Development, Professional Services, Product and Customer Account Management.

Dr. Sawdye has extensive knowledge of the sector, having previously served eight years with Daleen Technologies and Viziqor Solutions, now known as FTS Inc., where he led both the development and delivery of Daleen?s original BillPlex software product to the CLEC segment of the North American telecom industry. He also directed the expansion and transformation of Daleen?s software technology to become the current Leap? RevChain suite of products. During those eight years he was directly involved in all aspects of the firm?s operations, from product management and development, through new systems delivery, to customer operations support and account management.

?Bob joins us at a key time as we continue our efforts to grow our U.S. presence,? said Amos Sivan, FTS? Chief Executive Officer. ?Bob has an extensive history with FTS Inc., including technical knowledge of our products as well as the respect of his team, most of whom he supervised for many years. We are pleased to be adding his talent and experience to the FTS Inc. management team.?

?Bob is a leader with a vision and a passion for delivery,? said Shaul Ganel, President of FTS Inc. ?He will be instrumental in implementing our strategy. I am delighted to have a professional of his calibre join our executive team at this important juncture in our strategic growth.?

Dr. Sawdye rejoins FTS Inc. after spending the last two years with Tyco International, leading the development of RFID software products for the company?s retail supply chain business. He holds ScD and SM degrees in Engineering from the Massachusetts Institute of Technology, and the BSME degree in Engineering from the New Jersey Institute of Technology.



About FTS
FTS (LSE: FTS) is a leading provider of Business Control, Billing and CRM solutions for communications service providers. FTS pioneered the Business Control Layer market and is the leading player in the space. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction.

FTS deploys its full range of end-to-end, stand-alone and add-on solutions to customers in over 40 countries and has implemented solutions in wireless, wireline, cable, content and broadband markets including multiple cross-network installations. Serving the evolving needs of both traditional and next generation service providers; the company?s operations comprise four international R&D locations and strategically located sales support offices worldwide. FTS is one of EMEA?s fastest growing technology companies, consistently earning a place within the Deloitte Technology Fast-500 EMEA listing.

FTS was recently voted the ?Most Promising Company? at the prestigious 2007 TeleStrategies Billing and OSS World industry event. The award was presented to FTS as it was felt the company will have the biggest impact on the sector in the coming year. For more information please visit http://www.fts-soft.com/.