Bob Crowley Named to Safeguard Executive Team; Announcement Marks Next Step in Executing Safeguard's Software Strategy.Business Editors/Hi-Tech Writers WAYNE, Pa.--(BUSINESS WIRE)--May 9, 2002 Safeguard Scientifics, Inc. (NYSE NYSE See: New York Stock Exchange :SFE See Sydney Futures Exchange. ), a leader in developing and operating emerging technology companies, has named Bob Crowley For the software, see . For the computer specialist, see . Bob Crowley (born in Cork, Ireland) is a theatre director, scenic and costume designer. He is the brother of director John Crowley. as Managing Director of its software operations. Crowley brings over 20 years of demonstrated leadership and operational excellence having served in senior management positions with several outstanding technology companies. As a member of Safeguard's executive team, Crowley will be charged with identifying and acquiring companies in the software sector and creating long-term value by providing operating leadership and post-acquisition involvement to accelerate their success. In addition, he will be responsible for developing Safeguard's existing software companies. Crowley will be based in an office that will be opened in the Boston region to increase Safeguard's presence in the technology sector and broaden its geographic reach. "Bob's excellent record and outstanding experience as a leader and visionary in the software industry makes him an important addition to our team as we acquire and build software companies," said Anthony L. Craig, Safeguard's President and Chief Executive Officer. Crowley most recently was chief executive officer of Bowstreet, Inc., a privately-held software automation platform which is regarded as the pioneer of web services. He also held positions of chief executive officer for Arbortext, Inc., a privately-held XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. single source multichannel Using two or more paths for transmission or processing. It can refer to a variety of architectures including (1) multiple I/O channels between the CPU and peripheral devices, (2) multiple wires in a cable, (3) multiple "logical" channels within a single wire or fiber or (4) multiple publishing firm; vice president of business development and sales for Kenan Systems Corporation, an enterprise customer care, billing and analysis products software provider which was sold to Lucent for $1.4 billion; and senior vice president of USCS USCS United States Code Service USCS United Sprint Car Series (auto racing) USCS United States Customs Service USCS Unified Soil Classification System USCS University of South Carolina Spartanburg USCS Universal Ship Cancellation Society International, a leader in enterprise software solutions for the cable television and telecommunications industries which was taken public then sold to DST Systems, Inc. for approximately $875 million. "This is a very exciting time to be joining the Safeguard team," said Crowley. "I am especially looking forward to leveraging Safeguard's financial strength and emphasis on operational excellence and leadership, especially in the area of software." Crowley has served on the board of directors of a number of leading software companies, including MetraTech, Bowstreet, Inc., Arbortext, Inc., CableData International, CableData Europe, Ltd., CSO (Chief Security Officer) The person in charge of all staff members who are responsible for promulgating, enforcing and administering security policies for all systems within an enterprise or division. Inc., and British Satellite Services, Ltd. About Safeguard Safeguard Scientifics (NYSE:SFE) (www.safeguard.com) is an operating company operating company A business that engages in transactions with outsiders. that creates long-term value by focusing on technology-related companies that are developed through superior operations and management support. Safeguard acquires and operates companies in three principal areas: business and IT services, software and emerging technologies. |
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