FTS (LSE: FTS), the global provider of Business Control, Billing and CRM solutions for Communications Service Providers, has announced the appointment of Alon Raz as its Chief Financial Officer. Mr. Raz joins FTS after serving three years as Chief Financial and Operational Officer at Team Computers and Systems Ltd., one of Israel’s largest IT groups. At Team, he led the acquisition of Malam, a deal which propelled Team into becoming Israel’s second largest IT group.

Prior to Team, Mr. Raz was Vice President and CFO for four years at Visson Enterprises Ltd., a high-tech company which developed a revolutionary, flexible textile information display technology. At Visson Enterprises, he closed a number of financial funding rounds. One of the major investors, the Netherlands’ Philips BV, came onboard with the company following successful negotiations with Mr. Raz.

Mr Raz holds a BA degree in Economics and Accounting, an MA degree in Economics & Business Administration (Finance) and an MBA from the Hebrew University, Jerusalem.

“Alon joins us at a key time, as FTS looks to grow and develop the company in new and existing market sectors,” said Amos Sivan, Chief Executive of FTS. “Alon has consistently added a great deal of value to every management team that he has been part of, and we are pleased to be adding his ambition and experience to the FTS Management Team.”

About FTS
FTS (LSE: FTS) is a provider of Business Control, Billing and CRM solutions for Communications Service Providers. FTS pioneered the Business Control 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.

In January 2006, FTS was ranked as the 54th fastest growing technology company on the 2005 Deloitte Technology Fast-500 EMEA.

For more information please visit www.fts-soft.com