Altiris Appoints Industry Veteran as VP of Corporate Development; Steve Madigan Joins Altiris with Years of Experience at Microsoft, Peregrine and as a Venture Capitalist.SALT LAKE CITY -- Altiris Inc. (Nasdaq: ATRS ATRS Arkansas Teacher Retirement System ATRS Automated Transport and Retrieval System ATRS Aerial Targets Squadron ATRS Automated Trouble Reporting System ATRS Arkansas Therapeutic Recreation Society ATRS Automatic Turbine Run-up System ), a pioneer of service-oriented management solutions, today announced the appointment of Steve Madigan as Altiris VP of corporate development with the responsibility of further establishing Altiris market leadership through strategic acquisitions and partner opportunities. Madigan brings more than 18 years of industry experience to Altiris, most recently with Peregrine Systems "We consider it a credit to our company to have Steve join the Altiris team," said Greg Butterfield, Altiris 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. . "Steve brings a valuable combination of technical acumen, experience in the systems management market, and knowledge of business economics and strategy. He has proven his ability to develop successful business relationships and technology offerings that move companies forward." Madigan said, "Altiris is in an enviable position of being a market leader with very satisfied customers, boasting world-class products and channel partners. Altiris has the resources to acquire strategic technologies and create opportunities to increase market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" of Altiris(R) service-oriented management products through partnerships and organic development. I look forward to extending the Altiris reputation for innovation and success." At Peregrine Systems, Madigan served as area vice president of product management with responsibility for systems management software product lines Software Product Lines, or software product line development, refers to engineering methods, tools and techniques for creating a collection of similar software systems from a shared set of software assets using a common means of production. generating more than $200 million in revenues. Madigan directed business development activities by aligning product priorities and guiding partner negotiations. In 1988, Madigan joined Microsoft and held numerous executive level positions within the 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. and networking divisions. Madigan led program management teams that designed the Windows user interface and contributed to the core architecture of Windows NT/XP while working with countless partners on market and technology initiatives. As a principal in a closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. venture capital firm, Madigan specialized in developing business and investment opportunities in Taiwan, China, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Madigan holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in electrical engineering and computer science from Princeton University. Photo available upon request. About Altiris Altiris Inc. is a leading provider of service-oriented management software that enables IT organizations to easily manage, secure and service heterogeneous IT assets. Flexible solutions from Altiris help IT align services to drive business objectives, deliver audit-ready security, automate tasks, and reduce the cost and complexity of management. For more information, visit www.altiris.com. Note on Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding furthering Altiris' market leadership and creating market opportunities through strategic acquisitions and partner relationships. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ, including, but not limited to, our inaccurate assessment of market demand or IT technology trends; changes in the competitive dynamics of our markets, including strategic alliances and consolidation among our competitors or strategic partners; our inability to develop, or the deterioration of, our relationships with our OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and other strategic partners; our inability to develop and expand our other VAR, systems integrator and other distribution channels; our inability to achieve the anticipated benefits of acquired businesses; disruptions in our business and operations as a result of acquisitions; and such other risks as identified in our Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the period ended March 31, 2006, and from time to time in other reports filed by Altiris with the Securities and Exchange Commission. Altiris is a registered trademark of Altiris Inc. in the United States and in other countries. The other company names or products mentioned are or may be trademarks of their respective owners. |
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