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Exa Corporation Announces CFO Transition

Exa® Corporation, (Nasdaq:EXA) today announced that Edmond Furlong will resign as the company's Chief Operating Officer and Chief Financial Officer. Consistent with his career experience and aspirations and also his wide range of responsibilities at Exa prior to its initial public offering, Mr. Furlong intends to pursue broader operating roles outside of Exa. Mr. Furlong will remain in his current role with the Company through March 31, 2014 to ensure a smooth transition. The Company will be initiating a formal search process to fill the position on a permanent basis.