Alchemy Software Development announced as winner in Deloitte Fast 50 Programme

Alchemy Software Development receives prestigious award in the Deloitte Fast 50 Programme

DUBLIN – October 27, 2006 – Alchemy Software Development Limited, the market leader in visual localization solutions, today announced that it has been short listed as one of the winners in the 50 fastest growing technology companies in the Deloitte Ireland Technology Fast 50 Programme.

Announcing the winners, David O'Flanagan, Partner with Deloitte, Dublin said: “The Fast 50 program has always been a reliable indicator of whether innovation is leading to more growth and wealth creation. These companies have demonstrated how to survive and thrive in today's market by helping their customers reduce their costs and improve their performance. We are delighted to be able to showcase fast-growing companies and to contribute to the next wave of innovation in the Irish technology sector”.

“We are delighted to have received this prestigious award”, said Tony O'Dowd, CEO and President of Alchemy Software Development, “It is testimony to the talent and innovation of our Irish based development teams and their success in delivering worldwide class enterprise software for our clients.”

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

About Alchemy Software Development
Alchemy CATALYST™ is the world's most recognized visual localization technology. 80% of the world's largest software companies use Alchemy CATALYST™ to accelerate entry to international markets, improving revenue growth opportunities and reducing their costs.

With over 12,000 licenses worldwide, Alchemy CATALYST™ is the dominant visual localization technology among professional development companies, localization service providers and global technology leaders such as Siemens, Corel, Philips, Canon, JD Edwards, VistaTec, Bowne Global Solutions and SDL.

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 12,000 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.

Alchemy Software Development has its headquarters in Dublin, Ireland at Harcourt Business Center, Harcourt Street, Dublin 2, and has offices and facilities in Europe, Asia-Pacific and the United States.

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