FHLB implements IT&e's Razor


IT&e Limited
12 October 2007

Date: October 12, 2007
                                ASX & AIM Announcement



The Federal Home Loan Bank of Pittsburgh goes live with IT&e's RAZORTM and plans
                      to License Enhanced Reporting Module

IT&e Limited (ASX code: "ITE" AIM: "ITEL"), "), a leading provider of financial
software and consulting services to the global financial markets, is pleased to
announce that the Federal Home Loan Bank of Pittsburgh (FHLBank Pittsburgh) has
successfully implemented and gone live with IT&e's RAZOR risk management
solution.  Additionally, FHLBank Pittsburgh plans to utilize the RAZOR Enhanced
Reporting Module, which will be implemented in the next phase of their credit
risk management systems upgrade initiative.

Elizabeth Cates, Chief Credit Officer at FHLBank Pittsburgh commented, " We are
very pleased that our business teams, internal IT group, and IT&e's
implementation specialists have successfully delivered this solution both
on-time and on-budget.  Our ability to monitor and manage counterparty exposure
will be significantly enhanced through the use of RAZOR, and we will continue to
look for ways to leverage this solution to monitor our trading and hedging
activities.  Our decision to license the Enhanced Reporting Module was based on
our favorable impression of the RAZOR software and the ongoing need to
efficiently address both internal and regulatory reporting requirements."

John Groetch, COO of IT&e in North America noted, "Working with the FHLBank
Pittsburgh credit and IT teams over the past several months has proven to be a
very rewarding experience, and we're very proud to have partnered with them to
successfully deliver this project.  The goal of providing accurate and
comprehensive counterparty exposure measurement on an integrated, bank-wide
basis has been realized, and we are excited about further opportunities to make
use of RAZOR within their risk management program."

                                    - END -

About IT&e Limited

IT&e is an Australian technology company listed on the Australian Stock Exchange
and AIM Market of the London Stock Exchange, and specialises in providing
solutions to the global Financial Services markets.

IT&e offers three flagship products, RAZORTM NextSetPTXTM and Monarque(R), to
financial institutions. RAZOR enables organisations to effectively address their
market, credit and liquidity risk management requirements, both on an enterprise
and a departmental basis. Razor clients are ANZ, HSBC, Royal Bank of Canada,
ASX, Federal Home Loan Bank of Pittsburgh, TCV and Man Group plc. PTX enables
on-line trading of over the counter securities across multiple asset classes
(Securities, Money Market, FX, etc.) PTX clients include NAB, ANZ & QTC.
Monarque supports trading and treasury management at major banks and broking
houses, and comprises modules designed to automate front-office functions.
Monarque clients include Brown Brothers Harriman, Bear Stearns and LBBW Bank.
These products are offered to the global marketplace.

IT&e is headquartered in Sydney with offices in Melbourne, London, New York and
Chennai India. IT&e's staff are a highly skilled team of specialists who provide
technology services across the financial markets and risk management business
areas.

For further information about IT&e, please visit our website: http://
www.ite-fs.com



Enquiries/Additional Information:

IT&e Limited
James Maranis, CEO: +61 2 9236 9427
Oliver Carton, Company Secretary: +61 412 149 118


Grant Thornton Corporate Finance
Fiona Owen: +44 (0)20 7383 5100



Product Information:
New York, Malcolm Warne: +1 (212) 541-7077
London, Richard Bennet: +44 (0)20 7621 8525
Australia, Steven Dive: +61 29 236 9401


Media Enquiries:


Abchurch Communications
Georgina Bonham / Joanne Shears                    Tel: +44 (0) 20 7398 7700
joanne.shears@abchurch-group.com                      www.abchurch-group.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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