RDATE:15092008

AIX-EN-PROVENCE, France -- INSIDE Contactless, the world leader in
advanced contactless microprocessor platforms, today announced it has
appointed Richard Vacher Detournire as chief financial officer (CFO).
The appointment brings deep financial expertise, buy-side and sell-side
transactions experience, and successful private equity and technology
venture capital investing experience to the company. As a member of the
managing board, Mr. Vacher Detournire will play a critical role in
helping INSIDE take the next step toward successfully achieving its
goal of transforming how the world conducts transactions and
information exchange.

"We are delighted to welcome Richard to INSIDE Contactless," said Remy
de Tonnac, chief executive officer. "His technology experience, global
market view, and financial expertise strongly complement the combined
strengths of our management team . We look forward to his contributions
as we enter an especially dynamic period of growth."

Mr. Vacher Detournire joins INSIDE from Siparex, a leading independent
French private equity and venture capital firm. Since joining Siparex
in 1994, he has played a key role in more than 25 financing deals,
including leveraged buy-outs, growth capital investments, and
investments in early-stage technology companies. Most recently, he
served as a partner in the area of information and communication
technologies. From 2003 to 2005, based in California's Silicon Valley,
he helped manage SBV Venture Partners, an early-stage fund co-managed
by Siparex. Before joining Siparex, he served as a consultant with
Price Waterhouse in audit and corporate finance capacities, both in
France and in Central Europe.

Mr. Vacher Detournire graduated from the Amiens School of Management
and holds a master's degree in management control, accounting and
financial management (DESCF). He served on the board of thirteen
Siparex portfolio companies, including Nanolase (sold to JDS Uniphase),
SoiSic (sold to ARM), Leguide.com (listed on NYSE Alternext Paris by
Euronext), EVE (hardware/software co-verification), and INSIDE
Contactless. He also served on the audit committees for many of the
firm's portfolio companies.

"I am pleased to join INSIDE as it leads the way in transforming the
ways in which people around the world conduct transactions, access
information, and confirm their identities," said Richard Vacher
Detournire. "I look forward to working from the inside with a great
team I have been involved with for many years and actively contributing
to the company's high growth and success."

About INSIDE Contactless

INSIDE's innovative, contactless and NFC semiconductor solutions are
transforming how the world conducts transactions and information
exchange. The company is the world leader in advanced contactless
microprocessor platforms with 55 patents and more than 100 million
products delivered worldwide. INSIDE enables bank card issuers,
retailers, device manufacturers, service providers, and card brand
organizations to deliver innovative consumer products and services with
a high "cool factor" and outstanding user experience. INSIDE is
headquartered in Aix-en-Provence, France, with offices in Shanghai,
Singapore, Warsaw, Seoul, San Francisco, and Boston.

CONTACT: INSIDE Contactless
WWW:

http://www.INSIDEcontactless.com

 

((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at

http://www.presswire.net

on the world wide web. Inquiries to

info@m2.com

)).

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry