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Exa Appoints Richard Gilbody as Chief Financial Officer

Exa® Corporation (Nasdaq:EXA), a global innovator of fluid simulation solutions for product engineering, announced today the appointment of Richard F. Gilbody as Chief Financial Officer. Exa anticipates Mr. Gilbody will assume his position with the Company on June 1, 2014. In this role, Mr. Gilbody will report to the President and Chief Executive Officer, Stephen Remondi, and be part of Exa's executive team.

With over 30 years of finance and operations experience and 22 years focused on the software and technology sectors, Mr. Gilbody brings broad and relevant insight to the company. He comes to Exa from Agencyport Software, where he held the positions of Chief Financial and Operating Officers and was a member of its Board of Directors. Prior to that, he held senior finance and operating executive positions at IBM, including Vice President of the Business Analytics Division, and at Cognos Corporation, as President of Cognos Americas and Senior Vice President of Finance and Operations.