Tecnomen Lifetree Oyj - Company Announcement

New organization for Tecnotree Corporation

Tecnotree Corporation
Stock Exchange Release
October 11th, 2011, at 8.30 am

Tecnotree Corporation today introduced a new operational mode and a new group
structure, driving greater productivity and scalability. The structure consists
of three global units - product management, product development, and solution
delivery - complemented by regional sales and customer operations. 

Product Management is responsible for product strategy, product and solution
portfolio roadmap planning, product decision process, product lifecycle
management, pricing, and product marketing. Product Development is responsible
for identifying overall architecture and platform development along with the
identification and development of reusable core components across product
lines. Solution Delivery is responsible for defining, creating, delivering, and
supporting customer solutions globally across the full product suite. 

Timo Laaksonen, Vice President of Strategy & Business Development, has been
appointed Chief Commercial Officer and member of the group management board,
responsible for sales, marketing and product management. Reporting to Timo
Laaksonen, Timo Ahomäki has been appointed Vice President, Product Management. 

Naim Kazi, Chief Technology Officer, heads the Product Development unit. Naim
Kazi has unfortunately decided to leave Tecnotree by the year end, but is
committed to fully support the succession planning and transition period as
required. Arun Swamy has been appointed Director, Product Engineering and will
be taking over the product development teams. Arun comes with 20+ years of IT
expertise working with companies like Siemens, HP and Dell - both in product
development and solution delivery roles. 

Padma Ravichander has been appointed Chief Delivery Officer and member of the
group management board, heading the newly formed Solution Delivery unit. In
addition, Padma will be the new head of Tecnotree India operations and Managing
Director of Tecnotree Convergence (India) to be ratified in the upcoming Annual
General Meeting. With several India head roles and global P&L roles at HP,
Mercer and Dell/Perot Systems, Padma brings in a wealth of experience in
running global IT service operations. 

Padma Ravichander, Naim Kazi and Timo Laaksonen report to the CEO and these
appointments are effective immediately. The group management board now consists
of Kaj Hagros (President & Chief Executive Officer), Naim Kazi (Chief
Technology Officer), Timo Laaksonen (Chief Commercial Officer), Padma
Ravichander (Chief Delivery Officer), and Tuomas Wegelius (Chief Financial
Officer). 

Atul Chopra, the previous Managing Director of Tecnotree Convergence Ltd.
(India), will now focus on his Tecnotree group board of directors' role. 


TECNOTREE CORPORATION

Board of Directors


FURTHER INFORMATION
Kaj Hagros, President and CEO, tel. +358 40 849 1749

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused
on charging, billing, customer care, messaging and content services. Tecnotree
empowers communication service providers to create and monetize a broad
marketplace of digital services, and augment value across the customer
lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 900
employees serving over 120 operators globally. Tecnotree is listed on the main
list of NASDAQ OMX Helsinki Ltd. with the trading code TEM1V. For more
information on Tecnotree visit www.tecnotree.com