Avotus Appoints Top US Executive as President and CEO.Business Editors & High-Tech Writers OAKVILLE, Canada--(BUSINESS WIRE)--Sept. 23, 2002 Avotus Secures Fred Lizza to Aggressively Grow Company Avotus Corporation (TSX:AVS) is pleased to announce the latest step in its evolution. Fred Lizza has been appointed by the Board of Directors as the company's new 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. . Fred is a top US executive with extensive experience in driving growth; raising venture capital; and, recruiting and developing strategic alliances. Mr. Lizza has extensive experience growing and running US-based enterprise software businesses. He has spent the past eight years holding CEO positions. Prior to joining Avotus, Mr. Lizza was President and CEO of Idiom Technologies. Under his direction, the company grew from a pre-revenue start-up to an industry-segment leader. Idiom is the principal provider of globalization software for enterprise content management. Some of the company's customers include Travelocity, Adobe, Eastman Chemical, Staples and Xilinx. Previously, Mr. Lizza was President and CEO of Infinium Software (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). : INFM INFM Instituto Nazionale per la Fisica della Materia (National Institute for the Physics of Matter, Italy) ) where he successfully grew the revenue of this publicly held ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. software vendor from under $50 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. to over $130 million; headed up the company's 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. and follow-on secondary offerings; and, oversaw its international expansion. "We're thrilled to have Fred leading our organization," says Ian Locke, who has been serving as interim president and CEO of Avotus since November 2001. "Fred is an essential asset to ensuring we meet our corporate goals and aggressively develop the company. His extensive marketing, sales and financial skills will hasten the growth of the company and help us excel in an exciting and competitive marketplace." "Avotus is an enterprise software business with huge upside potential," says Fred Lizza. "Sales this year are expanding despite difficult market conditions. This demonstrates the core value customers see in Avotus' solutions. My goal is to lead the growth of the business and position the company as the premier software vendor helping businesses manage all their communication costs." Mr. Lizza has earned an MBA from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. and BS degree from Boston College. Mr. Lizza will also be joining the Avotus Board of Directors. About Avotus Corporation Avotus is a leader in communications information management with products and services that monitor, analyze and control communications information traveling over voice and data networks. These solutions help enterprises reduce costs, provide better service to their customers and enhance employee productivity. The company has a premier client base that includes 42% of the Fortune 100 and 28% of the Global Fortune 500 companies. Avotus is a public company trading on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . For more information, please visit www.avotus.com. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved the contents of this press release. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion