Riskclick Names DeSocio CEO

June 10, 2004

New York-based Riskclick, a leader in Web-based front office software solutions for the commercial risk management, insurance and reinsurance industry, announced that James DeSocio has been appointed as its new CEO.

“DeSocio brings 22 years of executive level experience to the award winning software provider, most recently as Executive Vice President of Lawson Software,” said the announcement. “We are delighted that Jim has agreed to join Riskclick as CEO,” stated Riskclick Chairman Bob Mann. “He is an outstanding acquisition for us and will provide the strong executive leadership that we need to drive Riskclick’s business forward.”

“Riskclick is an exciting company with enormous promise,” DeSocio indicated. “The strategic leadership to date has been very strong and Riskclick is poised for growth. I am looking forward to this tremendous opportunity.” He will be based in New York City, where he will further develop Riskclick’s North American business and enhance its already significant footprint as a provider of software solutions for the insurance industry.

During his tenure at Lawson, DeSocio was responsible for worldwide field operations and was a key driver in the company’s growth from a $28 million company to a $344 million company. Since June of 2002, he led Lawson’s $60 million international retail business unit. As the senior executive on Lawson’s Retail business, DeSocio managed marketing, operations, development, professional services, finance and sales in both the United States and Europe.

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