AvantGo Appoints David Pratt Interim President and CEO; Former Adobe Executive Vice President and Chief Operating Officer Joins Mobile Enterprise Software Leader.Business Editors HAYWARD, Calif.--(BUSINESS WIRE)--Oct. 16, 2002 AvantGo, Inc. (Nasdaq:AVGO), the leading provider of mobile enterprise software, announced that effective today David B. Pratt will assume the position of interim president and chief executive officer. Mr. Pratt's career includes ten years at Adobe Systems Incorporated, where he served as executive vice president and 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. , as Adobe grew to become the second largest shrink-wrapped software company in the world. He has also held executive and senior management positions at gForce Systems, Logitech, Inc., Quantum Corporation, Boschert Incorporated and Intel Corporation over a period of 30 years. "David's experience in managing companies from breakeven to growth and profitability will be a tremendous asset for AvantGo," said James T. Richardson, AvantGo's chairman. "While the software spending market remains challenging, we expect David to make an immediate impact on the business, as well as continue to position AvantGo as the leader in the long term." "Today AvantGo is one of the most positively recognized brands in the mobile industry, and I look forward to extending that brand to not only represent great products and services, but also to represent a growing and successful company," added Mr. Pratt. Mr. Pratt was most recently 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. and president of emerging e-learning enterprise software company, gForce. Before that, he helped to grow Adobe's applications sales from 10% of the Company's revenues to over 75% of revenues and operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. . Prior to Adobe, he was executive vice president and chief operating officer at Logitech, Inc., where he helped grow the computer input devices company by 50%. Before that, Mr. Pratt served as CEO and president of Boschert Incorporated, a manufacturer of switching power supplies, and senior vice president and chief operating officer at disk drive manufacturer Quantum Corporation. Mr. Pratt also spent over six years at Intel Corporation where he was director of systems manufacturing. He holds a BSEE BSEE abbr. Bachelor of Science in Electrical Engineering from Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Chicago. About AvantGo AvantGo, Inc. (Nasdaq: AVGO) is the leading provider of mobile enterprise software. AvantGo solutions automate business processes and improve the exchange of information between companies and their employees and customers, resulting in improved business efficiencies and more effective customer interactions. AvantGo solutions include the best-of-breed mobile software platform for creating and deploying enterprise applications, proven customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), supply chain management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ), field force automation (FFA FFA free fatty acids. ) and personal information management (PIM (1) (Protocol Independent Multicast) A multicast routing protocol endorsed by the IETF. Used in conjunction with an existing unicast routing protocol, it comes in two flavors: Dense Mode (PIM-DM) is used when recipients in the target group are in a concentrated ) mobile business applications, and professional services to assist in the strategy, design and delivery of end-to-end mobile solutions. AvantGo's customers, which include 28 of the Fortune 100 and over 2500 companies in 50 countries, include McKesson Corporation, Ford Motor Company, Cisco Systems, FedEx, Scottish Power, The US Senate, Tyco, Harvard Medical School Harvard Medical School (HMS) is one of the graduate schools of Harvard University. It is a prestigious American medical school located in the Longwood Medical Area of the Mission Hill neighborhood of Boston, Massachusetts. , American Express, The World Economic Forum, BG Group, plc., Genencor and Alcatel. For more information, please visit www.avantgo.com. Cautionary Statement Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, David's ability to make an immediate impact on the business, to extend the brand, and continue to position AvantGo as the leader in the long term. For additional information regarding these and other risks associated with the companies' business, refer to the companies' latest filings with the Securities and Exchange Commission on Form 10-K and Form 10-Q. AvantGo, AvantGo Enterprise, AvantGo M-Business Server, AvantGo Mobile Sales, AvantGo Mobile Delivery, AvantGo Mobile Pharma, AvantGo Mobile Inspection, Dynamic Mobility Model and the AvantGo logo are either registered trademarks or trademarks of AvantGo in the United States and/or other countries. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. |
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