Advanced Reality Names Mission Critical Software Founder and Former NetIQ CTO Thomas Bernhardt to its Board.Business/Technology Editors HOUSTON--(BUSINESS WIRE)--May 28, 2002 Fast Rising Developer of Contextual Collaboration The capability of instantly switching to a collaborative application when required. For example, if an article on the Web contains links to the person who wrote it, clicking that link might open up an instant message window if that individual were online at the moment. Software Taps Ernst and Young Entrepreneur of the Year for Key Seat on Board of Directors Advanced Reality(TM), Inc., the company that makes applications collaborative, today announced the appointment of Thomas Bernhardt to its board of directors. Mr. Bernhardt was co-founder and Chief Technology Officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ) of Mission Critical Software, and became CTO of NetIQ (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NTIQ) following the merger of the two companies in 2000. He was named Entrepreneur of the Year for South Texas by Ernst and Young in 2000. Mr. Bernhardt brings a wealth of software industry experience and contacts to the Advanced Reality board, and will help guide the evolution of one of the fastest rising stars in collaboration software See collaborative software. market. Advanced Reality is highly regarded by industry analysts for its software's ability to add collaborative functionality to any software program without the need to modify source code. This unique capability allows users to collaborate with colleagues using applications they are already familiar with - a concept called contextual collaboration. Traditional approaches to collaboration software require users to learn a new interface and work in a separate collaborative workspace A collaborative workspace or shared workspace is an inter-connected environment in which all the participants in dispersed locations can access and interact with each other just as inside a single entity. . "Advanced Reality has developed a completely new approach that puts collaboration capabilities where they are most useful and easiest to use - inside the applications users are interacting with every day," said Thomas Bernhardt. "I'm looking forward to joining the board of a company that can shape the direction of one of the fastest growing segments of the software industry." "Attracting a software industry leader and highly successful entrepreneur like Thomas Bernhardt is a strong validation of Advanced Reality and the company's market opportunity," said Linda Spain, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Advanced Reality. "Tom is a valuable addition to our board and will play a strategic role in helping guide Advanced Reality to a leadership position in the collaboration software market." Thomas Bernhardt Biography Thomas Bernhardt is a software industry leader, successful entrepreneur, and recipient of the Ernst and Young Entrepreneur of the Year Award. He co-founded and was CTO of Mission Critical Software, a developer of enterprise systems management software, which raised $60 million in its 1999 IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . Mr. Bernhardt became CTO of NetIQ, following its 2000 merger with Mission Critical Software. The combination of Mission Critical Software and NetIQ created a company with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $1 Billion. NetIQ is currently the world's leading supplier of systems management software for Windows-based computer networks. Prior to founding Mission Critical Software, Mr. Bernhardt provided computer consulting services to Fortune 500 companies including Texaco, where he led that company's transition from mainframe computing to a distributed computing (1) The use of multiple computers networked throughout a wide geographical area, or the world via the Internet, in order to solve a single problem. See grid computing. (2) The use of multiple computers in an enterprise rather than one centralized system. network. Mr. Bernhardt is a graduate of Notre Dame Notre Dame IPA: [nɔtʁ dam] is French for Our Lady, referring to the Virgin Mary. In the United States of America, Notre Dame University. Company Background Founded in October 2000, Advanced Reality, Inc. develops software that makes existing and new applications collaborative without the need for complex programming or expensive infrastructure. The company's flagship product, Presence-AR, enables real-time collaboration across any computing platform, operating system, application, and access device. Advanced Reality customers are enterprises, commercial software vendors, and service providers that want to make existing, and new, applications collaborative. Advanced Reality is privately held and headquartered in Houston, Texas. To contact Advanced Reality call 713.526.4860, visit us on the Web at http://www.advancedreality.com/, or write to info@advancedreality.com. |
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