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COMSHARE PRESIDENT RICHARD CRANDALL NAMED 'OUTSTANDING ENTREPRENEUR' AT 1992 GROWTH CAPITAL SYMPOSIUM

 COMSHARE PRESIDENT RICHARD CRANDALL NAMED 'OUTSTANDING ENTREPRENEUR'
 AT 1992 GROWTH CAPITAL SYMPOSIUM
 ANN ARBOR, Mich., May 6 /PRNewswire/ -- Comshare (NASDAQ-NMS: CSRE) President and CEO Richard (Rick) Crandall was named an "Outstanding Entrepreneur" at the 1992 Growth Capital Symposium, sponsored by the University of Michigan School of Business Administration.
 The 1992 Outstanding Entrepreneur Awards were presented following the Growth Capital Symposium's opening dinner May 5 at The Ritz-Carlton, Dearborn. At this second annual awards ceremony, Crandall was one of two Michigan executives receiving an award.
 Crandall is widely recognized as one of the pioneers of the computer software and services industry. In 1966, he became a founder of Comshare, Inc., rising to president and CEO in 1970. Comshare, Inc., a public company, ranks among the top 35 independent software companies. The company, the first to develop computer software for senior business executives, has $124 million in revenue, 1,045 employees, and 35 offices in North America, Europe and Australia.
 Crandall was honored as an Outstanding Entrepreneur "for helping guide Comshare from startup, through the stage of emerging growth company, to a solidly established competitor in today's technology-based global marketplace," according to David Brophy, associate professor of finance at the University of Michigan School of Business Administration and director of The Growth Capital Group.
 In his acceptance remarks Crandall said: "You can't stand still and succeed in the fast-paced computer industry. We've had to continually reinvent ourselves at Comshare under the pressure of shorter and shorter product cycles.
 "Comshare began life as a timesharing services company in 1966 and grew through the 1970s. By 1980, timesharing was nearing the end of what turned out to be a 15-year life cycle. To stay viable, we reinvented ourselves as a software company specializing in management reporting applications. Just seven years later, we entered a new market, known as Executive Information Systems. For the first time, we got senior executives of Fortune 500-class companies to use computers themselves to access information.
 "Now five years later, with timesharing sales finally at zero, we're 100-percent software and going through a third reinvention. This time from a mainframe software company to a PC software company. With each reinvention of our business, there has been a period of bumpy earnings, followed by growth. I call that a form of 'continuous entrepreneuralism.'"
 This year, The Harvard Business School Club of Detroit and The University of Michigan Business School Alumni Society Board of Governors joined The Growth Capital Group, which organizes the Symposium, in honoring the Outstanding Entrepreneurs. In its 12-year history, the Symposium has helped over 300 growing companies raise nearly $200 million in seed or expansion capital.
 Comshare, a global software company with corporate headquarters in Ann Arbor, is the leader in Executive Information Systems and financial reporting and consolidation systems for medium and large organizations in all industry sectors.
 -0- 5/6/92
 /CONTACT: Ricia Hughes of Comshare, 313-769-6068/
 (CSRE) CO: Comshare, Inc. ST: Michigan IN: CPR SU:


JG -- DE011 -- 7002 05/06/92 10:41 EDT
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Publication:PR Newswire
Date:May 6, 1992
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