Press Release Announcing Management Changes

Calgary, AB, August 3, 2011 Acceleware® Ltd. (TSX-V: AXE) (the “Company”) a leading developer of high performance computing applications, today announced that it has appointed Dan Cyca as Chief Technology Officer. Mr. Cyca was previously the Company’s Director of Engineering, and has been with Acceleware since 2005. Mr. Cyca holds Bachelor of Science and Master of Science degrees in electrical engineering from the University of Calgary. “Dan is the chief software architect of our products, and he is globally recognised as one of the foremost minds in the fields of GPU computing and parallel programming,” said Geoff Clark, President and CEO of Acceleware. “The Company is excited to have Dan take on this expanded role. His expertise will be invaluable to Acceleware in achieving our long term goals.”

Mr. Cyca replaces Ryan Schneider as Chief Technology Officer. Mr. Schneider is leaving the Company to pursue other interests. Ryan was a co-founder of Acceleware and has always been an important asset to the Company and the management team. “Acceleware is grateful for the contributions Mr. Schneider has made to the Company including, but not limited to, building a solid technical team that is more than capable of executing our product and services business plans. On behalf of the board of directors and management, I would like to personally thank him for his service,” said Mr. Clark. “Ryan was instrumental in creating Acceleware, and we wish him all the best in his future endeavours,” said Dr. Michal Okoniewski, Chief Scientist and co-founder of Acceleware.

About Acceleware:
Acceleware develops and markets solutions that enable software vendors to leverage heterogeneous, multi-core processing hardware without rewriting their applications for parallel computing. This acceleration middleware allows customers to speed-up simulation and data processing algorithms, benefitting from high performance computing technologies available in the market such as multiple-core CPUs, GPUs or other acceleration hardware.

Acceleware solutions are deployed by companies worldwide such as Philips, Boston Scientific, Samsung, Kodak, General Mills, Nokia, LG, RIM, Medtronic, Hitachi, Fujifilm, FDA, Mitsubishi, Sony Ericsson, AGC, NTT DOCOMO, P-Wave Seismic and Renault to speed up product design, analyze data and make better business decisions in areas such as consumer electronics, industrial design, seismic data processing, imaging for the medical, industrial testing and security, defense, financial, and academic research.

Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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For further information:
Geoff Clark
+1 (403) 249-9099,
geoff.clark@acceleware.com

Acceleware Ltd.
1600 - 37th St SW
Calgary, AB T3C 3P1
Ph: 1.403.249.9099
www.acceleware.com