Axeda Systems Inc. Appoints Bruce J. Ryan to Its Board of Directors.Business/Technology Editors MANSFIELD, Mass.--(BUSINESS WIRE)--Feb. 5, 2002 Axeda Systems Inc. (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 : XEDA), a provider of Device Relationship Management (DRM (1) (Digital Radio Mondiale) A digital audio broadcasting (DAB) system for AM radio in Europe. See HD Radio. (2) (Digital Rights M ) software and services formed from the union of eMation and RAVISENT Technologies, today announced the appointment of Bruce J. Ryan to its board of directors. Mr. Ryan replaces Francis E. Wilde. "Bruce brings a high level of integrity and extremely valuable skills to our team, with broad executive experience in high technology companies and an extensive financial background, " stated Robert M. Russell Jr., Axeda Chairman 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. . "He shares our excitement with the opportunities apparent in the Device Relationship Management marketplace and will be an asset in helping us achieve our objectives." Mr. Ryan brings to Axeda more than thirty years of experience and knowledge in finance, operations, and strategic market and business development. He is currently the Executive Vice President and Chief Financial Officer of Global Knowledge Network, the largest independent IT training company in the world and a leader in e-learning solutions. Prior to Global, Mr. Ryan was Executive Vice President and Chief Financial Officer at Amdahl Corporation (company) Amdahl Corporation - A US computer manufacturer. Amdahl is a major supplier of large mainframes, UNIX and Open Systems software and servers, data storage subsystems, data communications products, applications development software, and a variety of educational and . He was instrumental in the reinvention of Amdahl, transitioning from a mainframe company to a solutions company. He also led the company through a series of acquisitions enabling the creation of an $800 million professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. business. Mr. Ryan held several executive positions at Digital Equipment Corporation. As a Senior Vice President he was responsible for Digital's marketing and solution development for all worldwide industry marketing groups. As Vice President of Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Government and Professional Industries, his many responsibilities included operations, strategic direction, customer relationships, development of third-party application partners, and solution development for this industry group. He was also responsible for the re-engineering of Digital's financial, reporting, and management information systems, achieving recognition as a "best-in-class" finance organization in international business and professional media including Fortune, Business Week, and Information Week. Mr. Ryan earned his Bachelors degree in Business Administration from Boston College Boston College, main campus at Chestnut Hill, Mass.; coeducational; Jesuit; est. and opened 1863. Actually a university, the school's Chestnut Hill campus comprises colleges of arts and sciences and business administration, the graduate school, and schools of nursing and his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Suffolk University During the 1990s Suffolk University constructed its first residence halls, began satellite programs with other colleges in Massachusetts, and opened campuses in both Madrid, Spain, and Dakar, Senegal, (the Suffolk University Dakar Campus). and has extensive experience as a board member in the biotech and IT industries. RAVISENT Technologies and its subsidiary, eMation, announced on January 14 that they had changed their names to become Axeda Systems Inc. The company also changed its stock symbol to XEDA on the NASDAQ exchange, effective February 5, 2002. About Axeda Axeda Systems Inc. is an enterprise software and services company that helps businesses become more competitive by using the Internet to tap the value of real time information to optimize their service, development, sales and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . The company's flagship Axeda Device Relationship Management System is a distributed software solution that lets businesses monitor, manage and service intelligent devices deployed at remote sites. Axeda serves Global 2000 companies in multiple markets including Industrial and Building Automation, Technology, Medical Instrumentation, Office and Semiconductor Equipment industries through sales and service offices in the US, Europe, Israel and Japan, and distribution partners worldwide. More information about Axeda is available at www.axeda.com. About Device Relationship Management The intelligent devices that we see and interact with everyday such as copiers, elevators, vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. , building control units, medical devices, and even automobiles represent an important new source of business information. To date most enterprises have not been able to tap this information. Device Relationship Management addresses this significant information blind spot by providing a distributed information management system that leverages the Internet, allowing timely, accurate, and unbiased information to be communicated automatically between remote devices deployed at customer facilities and external service personnel or enterprise business systems. Device Relationship Management helps turn reactive businesses into proactive businesses providing new sources of revenue and increased operational efficiency at lower costs with an ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). that can often be measured in months. (c)2002 Axeda Systems. All rights reserved. Axeda and Axeda Systems trademarks of Axeda Systems Inc. All other trademarks are property of their respective owners. |
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