Teranet Announces new Vice President, Information Services & CIO

May 24, 2011

TORONTO, ON – May 24, 2011 – Teranet Inc.’s President and CEO Jay A. Forbes announced today that Greg Kowal has joined the organization’s leadership team as Vice President, Information Services and CIO.

Mr. Kowal joins Teranet from Virgin Mobile Canada where he held the role of CIO. At Virgin, he was responsible for delivering information services and technology that enabled the company to compete more effectively and to significantly grow subscribers and revenue. Prior to Virgin, Mr. Kowal spent six years at Bell Canada, first as the VP of IT at Bell Mobility, and then as the SVP of IT responsible for the Mobility and Internet business units, shared services such as billing, and for the ongoing operation of all existing applications and IT infrastructure across Bell. Mr. Kowal has also held senior IT leadership roles at Nortel Networks and Imperial Oil.

Mr. Kowal has a degree in mathematics and computer science from the University of Manitoba and holds an MBA from the University of Western Ontario.

"I am pleased to welcome Greg to this important role," said Mr. Forbes. "Throughout his career, he has shown exceptional leadership skills and is the right person to support Teranet’s strategy and plans for growth."

About Teranet
Founded in 1991, Teranet administers Ontario's Electronic Land Registration System, one of the world's most advanced land registration systems, enabling users to conduct electronic registrations as well as title and writ searches relating to real property. Teranet's comprehensive suite of related data products have fundamentally increased the real estate industry's ability to provide efficient and secure services to the public. Teranet has built a well-established customer base and strong brand confidence, providing electronic services to a network of over 80,000 end users including lawyers, paralegals, real estate brokers and agents, search houses, title insurers, financial institutions, governments, police services, utilities, investigators and appraisers. Teranet is owned by Borealis Infrastructure, the investment division of the Ontario Municipal Employee Retirement System (OMERS). For more information about Teranet, visit www.teranet.ca.