Press release

Amsterdam, April 28, 2008

TIE a key contributor to European Union SOA Projects

Due to its recognized experience, knowledge and vision, TIE is a key ICT contributor to three major European Union Service Orientated Architecture (SOA) projects with a total funding of EUR 16 Million

Business-to-business software company TIE Holding N.V. (“TIE”) listed on the NYSE Euronext Amsterdam Stock Exchange, hereby announces it has secured EU R&D investment funding amounting to EUR 858K over 36 months with three major projects: NEXOF-RA, SOA4ALL and NESSI2010.

The global economy is expected to change through the adoption of Service Orientated business models and architectures (SOA). Therefore the European Union has launched several strategic projects in cooperation with cutting edge technology companies. With a total budget of around EUR 16 Million, these projects will enable Europe to be a global leader in the SOA domain. TIE is a key ICT contributor to the consortiums NEXOF-RA, SOA4ALL and NESSI2010. Other partners in these select consortiums include Thales, IBM, British Telecom, HP, Atos and Logica as well as leading universities and research institutes from around Europe.

“We are very pleased to have been appointed as a strategic contributor for these projects”, says Jan Sundelin acting CEO of TIE. “TIE will benefit as a software development company from the research to be performed in connection with these major projects. Work performed on European projects will reduce our development efforts and integration costs for the customer. The company and our customers will therefore truly benefit from this appointment.”

“SOA is recognized to be the critical area of software architecture today. TIE’s research contributions put us in a prime position to take advantage of and shape European Research and Developments in these areas”, notes Stuart Campbell, CTO of TIE.

Bruno Francois-Marsal, NESSI Office Director, states “NESSI is about transforming the EU economy through Service Oriented business models. These projects are essential to Europe’s success in the Global economy. TIE was selected as one of NESSI's key 22 partner members from all over Europe for reasons of its experience, expertise and vision and we are similarly excited by its contribution to these important projects. Last but not least TIE shows the NESSI partners that the SMEs are key in building a sustainable growth in Europe.”

Profile TIE

TIE bridges the gap between online and traditional business. TIE helps industry and supply chain partners achieve electronic business collaboration without limitations. Our solutions are proven to lower costs, increase revenue and optimize business processes. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. TIE is a publicly held company with offices in the United States, France, and the Netherlands.

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