Auckland, New Zealand – 3 February 2005:  Northern Arch is delighted to welcome Leasetech Ltd (“Leasetech”) into its expanding customer group. Leasetech will use 42™, Northern Arch’s end-to-end lease management and asset finance system, to support its New Zealand operation.

Leasetech conducted an extensive search for the appropriate software in New Zealand and internationally, but in the end were drawn to Northern Arch’s modern technology and innovative approach, along with their track record in provision of solutions for a wide range of financial service providers, ranging from domestic & regional financial service companies to global multi-nationals & banks.

Amongst other reasons, 42™ was selected because of its ability to meet multi-country requirements including the new CCCF requirements for New Zealand. Northern Arch’s commitment to providing local on the ground knowledge and support to Leasetech was also a major factor.

Juri Zacest, Managing Director, Leasetech, says “It was clear to me from the outset that Northern Arch is an experienced provider of financial technology with a strong reputation and track record in New Zealand and around the world. 42™ is a highly configurable, intuitive system which provides Leasetech with an advanced technological platform from which we can deliver end-to-end financial solutions to our customers now and as the business changes in the future.”

Mark de Stefanis, Director, Northern Arch says “We are excited by the opportunity to work with a progressive organisation such as Leasetech. Juri’s vision of providing a simple and straight forward approach to finance is consistent with our vision for the use of technology in leasing and asset finance. 42™’s highly scalable & highly configurable design suits a wide range of business environments, including those like Leasetech, that are keen to use technology as an enabler for differentiation and a better customer experience.”

About Northern Arch (www.northernarch.com)

Northern Arch is a global provider of asset finance, leasing and fleet management software. The Northern Arch team has successfully developed and delivered sophisticated financial technology solutions for blue chip corporations and financial institutions since 1989.

About Leasetech (www.leasetech.co.nz)

Leasetech offers a simple approach to technology leasing with people you can trust, and processes that are straight-forward. For more information about Leasetech, contact Juri Zacest, Managing Director on +64 9 302 3637.