Day Appoints Erik Hansen as New CEO

After heading the company for 15 years founder Michael Moppert hands over leadership to software industry veteran

Basel, Switzerland – May 14, 2008 – Day Software Holding AG (SWX:DAYN, OTCQX:DYIHY), a leading provider of global content management software, today announced the appointment of Erik Hansen as new CEO of the company. Michael Moppert, founder and CEO of Day Software for over 15 years, will continue to serve the company as Chairman of the Board of Directors. Mr. Hansen will take on his new responsibility by June 2, 2008.  

Mr. Hansen is a recognized software industry veteran with over 30 years of experience as a senior executive at leading software companies, including Interwoven, Tibco, Siemens and Apple, both in Europe and in the United States.

Most recently Mr. Hansen was leading the European operations of U.S. ECM vendor Interwoven as Senior Vice President and General Manager EMEA. Prior to Interwoven, Mr. Hansen was heading the European operations of Netegrity, a leading provider of identity and access management solutions. Before his engagement at Netegrity, Mr. Hansen served as President EMEA at Tibco, where he very successfully built the European operations of this global infrastructure software vendor. Before Tibco Mr. Hansen was Executive Vice President and General Manager Operations of Siemens Pyramid Inc , a 100% owned subsidiary of Siemens, during which time he was based in San Jose, California.

“Erik brings a unique combination of skills and professional experience to Day,” said Michael Moppert, founder and chairman of Day Software. “He knows our two core markets extremely well: With Interwoven he has been very successful in the area of Content Management. At Tibco Erik built up their European operations in record time. He was aggressively growing the company’s market share, revenues and profitability and made Tibco one of the undisputed leaders in the area of infrastructure software. His experience in these two key markets will enable Erik to unlock the full potential of the technology we have built at Day and further accelerate our growth,” Moppert continued. “Erik is a very seasoned software executive who has successfully run businesses of significant size both in Europe and the United States.  He is extraordinarily qualified to continue the positive development of Day and further strengthen our position as a globally recognized industry leader in the content management and content infrastructure space.”

"We have a tremendous opportunity at Day to take the company to the next level. All the necessary ingredients for accelerated growth are there: Day offers the industry’s most innovative content management product portfolio with a unique mix of applications and infrastructure solutions. We are the internationally recognized leader of the industry’s new standard for content management. We have an excellent customer base and OEM relationships with some of the most recognized technology vendors such as IBM and Oracle. The company is financially healthy and has delivered continued profitable growth,” said Erik Hansen. “My mandate is to continue and accelerate these positive trends. The significant majority of the company’s revenues so far resulted from its content management applications. We will continue to grow that business and serve our customers. In parallel we will accelerate the growth of the content infrastructure business. Day Software is the undisputed technology leader in the new, emerging market of content infrastructure software. We will leverage this unique position aggressively and open up new revenue opportunities - which we believe to be very significant. I am excited to have the opportunity to execute this strategy as it gives me the unique opportunity to leverage the experience I have in both the content management space as well as in the infrastructure industry,” Hansen concluded.