Alchemy Software Development appoints Joseph Deignan as Director EMEA Solutions

Alchemy Software Development continues its rapid expansion with the appointment of a Director, EMEA Solutions

DUBLIN – May 27, 2004 – Alchemy Software Development, the world leader in the development of Visual Localization Solutions, today announced that Joseph Deignan has joined the company as Director, EMEA Solutions. Mr. Deignan previously held senior sales and management positions with BT and YELL in the United Kingdom and more recently Moravia IT in the Czech Republic.

“In his 13 years in the industry, Joseph has earned a well deserved reputation as a strong business manager who knows how to successfully assess client's needs for globalization services and provide them with appropriate solutions” said Tony O'Dowd, CEO and President of Alchemy Software Development. “Alchemy has developed what we believe is the most powerful visual solution available for software localization with the recent release of Alchemy CATALYST™ 5.0. In Joseph Deignan, Alchemy has attracted the best in the industry to bring our best-of-breed solutions to market.”

“I've been impressed with the growth and development of Alchemy Software Development since the company's inception in November 2001. Tony and his team are truly technology pioneers in the globalization industry”, said Mr. Deignan, “I'm excited about joining a team that provides solutions with such enormous efficiencies to their customers' localization workflows.”

Alchemy Software Development Ltd. has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2

About GlobalSight Corporation
GlobalSight Corporation makes business world ready. GlobalSight software combines powerful translation tools with workflow management technology that easily integrates with existing content development and management applications. GlobalSight is funded by Draper Fisher Jurvetson, MidOcean Capital Partners, Whitney & Co. and 3i Corporation. Customers include Hewlett- Packard, Philip Morris International, NTT and The World Bank. Visit GlobalSight at www.globalsight.com , or e-mail info1@globalsight.com .

GlobalSight is a trademark of GlobalSight Corporation. All other company and product names areused for identification purposes only and may be trademarks of their respective owners.

Alchemy Software Development Limited
Alchemy Software Development is the market leader and pioneer of Software Globalization Solutions. Multinational enterprises developing applications for Java, Windows9x, NT, ME, 2000, XP, SymbianOS, .NET, and XML, use Alchemy technology to accelerate entry to international markets, improving revenue growth opportunities and reducing their costs.

Alchemy's technology is designed to boost the efficiency and quality of globalizing software products and is used by software development and globalization companies worldwide. With over 8,000 licenses installed worldwide, Alchemy CATALYST™ is used by translators, software engineers, quality assurance specialists and project managers and is referred to as the Gold Standard in Localization.

Corel Corporation Limited holds a 24.9% stake in Alchemy Software Development Ltd. Alchemy Software Development has offices and facilities in Canada, Europe, Asia-Pacific and the United States.

For more information on the company and its products, please refer to http://www.alchemysoftware.ie/