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Jón Ingi Björnsson joins TrackWell hf as Chief Executive Officer

July 2004
TrackWell hf announces the appointment of Mr Jón Ingi Björnsson as new CEO of recently merged companies TrackWell hf and Gunnur Gagnalausnir hf.

Jón Ingi Björnsson, 39, has fifteen years of experience within the domestic and international IT industry and was CEO of Strengur hf for the last four years. Former business heads Kolbeinn Gunnarsson and Björn Jónsson will take on other senior roles within the management team.

Jón Ingi Björnsson, commenting on his appointment, “Trackwell has a solid reputation, deep knowledge and broad experience in professional communication and location-based solutions. A greater focus on safety and international security is driving an increased need for TrackWell´s expertise abroad. There is dramatic expansion of this market segment and more international deal flow than ever before. I believe we are very well positioned to take advantage of this.”
The merger combines TrackWell (formerly Stefja hf.) with the software division of telephony solutions company Grunnur Gagnalausnir hf . The combined company will continue under the TrackWell brand and all existing business contracts will be assumed by TrackWell hf.

Jón Ingi adds “The combination of TrackWell´s and Grunnur´s expertise gives us valuable capabilities and will help us to grow market share both in Iceland and abroad.”

TrackWell, founded in 1996, has a proven track record in developing
mission-critical systems for telecom operators, government institutions and enterprises. TrackWell is the premier telecoms software developer and solutions consultancy in Iceland. Internationally the company is a renown specialist in location-enabled applications for professional and consumer markets.

He concluded “It’ is an exciting challenge to assume this leadership role at Trackwell as a world-leading vendor of location-based products and consulting.”
Eric Figueras, TrackWell´s Chairman, welcomed Mr Bjornsson’s appointment,”We are very pleased to have Jón Ingi joining the company. We have ambitious growth plans for the business and I am delighted to have someone of his calibre and experience at the helm.”

Press Contact:

Eric Figueras, Chairman
TrackWell hf.
Laugavegur 178
IS-105 Reykjavik
Iceland
Tel: +354 5100 600
Fax: +354 5100 601
E-mail: eric@trackwell.com