Aelita Software Names New Chief Operating Officer -- Largent Brings More Than 20 Years of Technology Experience to Fast-growing Software Company.Business Editors and High-Tech Writers COLUMBUS, Ohio--(BUSINESS WIRE)--April 4, 2001 Aelita Software, which provides award-winning Microsoft-centric software products to Fortune 1000 companies worldwide, announced today that it has named William H. Largent as its Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and Chief Financial Officer. Largent brings extensive technology management experience to Aelita, including stints as Chief Financial Officer for Plug Power, Inc. (Nasdaq:PLUG), Applied Innovation, Inc. (Nasdaq:AINN AINN Artificial Intelligence Neural Network ), Liebert Corporation and Metatec International (Nasdaq:META), which all held successful public offerings during his tenure. As Chief Operating Officer and Chief Financial Officer Largent is responsible for the day-to-day operations and financial health of the company. "Bill brings an incredible depth of experience to our company," said Ratmir Timashev, president and Chief Executive Officer of Aelita. "His experience managing technology companies during periods of rapid growth will help us take our company to the next level and achieve our long-term objectives." Prior to joining Aelita, Largent was Chief Financial Officer and treasurer of Plug Power, a developer of on-site electricity generation systems for residential applications. Plug Power went public in October 1999, raising over $100 million with Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. as lead underwriter Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. . Before Plug Power, Largent served as senior vice-president and Chief Financial Officer for Applied Innovation, a publicly held leader in telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. equipment for which he remains a director. He has also served as Chief Financial Officer of Metatec International, which provides information distribution services globally, during the time that company completed a $10 million common stock offering and an additional $19 million dollar offering. Largent started with Liebert Corporation, a manufacturer of computer support equipment, in 1981 and rose to the position of Chief Financial Officer in 1987. At Liebert, he was involved in the company's initial public offering, a secondary common stock offering and a convertible subordinated debenture subordinated debenture An unsecured bond with a claim to assets that is subordinate to all existing and future debt. Thus, in the event that the issuer encounters financial difficulties and must be liquidated, all other claims must be satisfied before offering. . He also worked directly with the company's Chief Executive Officer to negotiate the sale of the company to Emerson Electric. He went on to establish the Liebert Capital Management Corporation to invest and manage the proceeds generated as a result of the sale for the Liebert family. "I was impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: by the strength of Aelita's development group, sales organization and executive leadership," Largent said. "This is a very exciting time in the company's development and I look forward to applying my experience to help the company continue its track record of success." About Aelita Software Aelita Software is a leading provider of management and security solutions for Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT/2000 and Exchange systems and users, delivering products and services that increase the security, usability How easy something is to use. Both software and Web sites can be tested for usability. Considering how difficult applications are to use and Web sites are to navigate, one would wish that more designers took this seriously. See user interface and usability lab. , and manageability of network infrastructures built on the Microsoft enterprise platform. Aelita provides scalable, cost-effective solutions for proactive network directory and user management, Windows 2000 migration, security administration, event log management and monitoring, network analysis and reporting, emergency protection and disaster recovery. Aelita Software is headquartered in Powell, Ohio Powell is a city in Delaware County, Ohio, United States. The population was 6,247 at the 2000 census. The U.S. Census Bureau's official population estimate as of 2006 was 11,494. The community was first settled around 1801, two years before Ohio became a state. and can be reached at (800) 263-0036. The company is on the World Wide Web at www.aelita.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion