Xeeda News Release

September 20, 2006

For more information, please contact:

Mats Östling, Chairman Xeeda Sweden

phone: +46703555090, e-mail: mats.ostling@xeeda.se

Björn Stattin, OD Partner

phone: +46705557707, e-mail: stattin@od-partner.com

Xeeda Sweden strengthens strategy and technology advisory capabilities

by adding Jerry Lundqvist, Per-Erik Mohlin and Björn Stattin

Xeeda, a consulting company focusing on strategy and technology strengthens their ability to provide advisory services to management teams, CIOs and IT managers by adding three new partners:

• Jerry Lundqvist, a well-known profile within IT business, as a founder of Modulföretagen and CEO at Enator
• Per-Erik Mohlin, former CEO at Volvo Aero and Volvo Personvagnar and also one of the founders of the management consulting company OD Partner with focus on change management
• Björn Stattin, one of the founders of OD Partner and main project manager 2006 for the IVA project – IT without borders – with focus on outsourcing and offshoring

Xeeda's ambition to become a leading actor in Business and Technology advising is now taking another important step in their development.  Xeeda has approximately 30 consultants in Stockholm with revenues in the range of 40 MSEK.  This makes Xeeda a middle-sized management consulting company.  The goal is to become the leading independent company within strategy and technology in Sweden; independent from all IT suppliers in their role as advisors, interim managers and project managers.

Mats Östling, Xeeda, said: “Investments in IT has always had the goal to promote better business and to strengthen offerings and relations to clients.  We see a great demand within companies and other organizations for organizational development and change management as a result of implementing new IT systems and new supporting processes.  OD Partner is a leading provider of change management in the Swedish market and Per-Erik Mohlins and Björn Stattins competence in this area together with Jerry Lindquist's senior experience in strategy and technology is a very important addition to Xeeda's offerings.

Björn Stattin, OD Partner, said: “Organizational development and change management has for a long time dealt with leadership and its ability to involve and engage employees to implement new work designs and behavior that increases the ability to compete on the market.  In these times the competence to use technology on a business and process oriented way is a strategic factor for longevity in the market.  Together with Xeeda's qualified consultants we now gain a strong platform to offer the market differentiating and complementing services in both these areas”

About Xeeda

Xeeda was founded in New York in 2003 and is today also represented in Stockholm and Bangkok.  Among the customers are some of Scandinavia’s largest companies, banks and insurance companies as well as organizations within the government sector.

For more information visit www.xeeda.com

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