Centrinity Appoints New Director.
MARKHAM, Ontario--(BUSINESS WIRE)--July 20, 2000
Centrinity Inc. (TSE:CTI.), which develops and markets leading unified communications and collaborative groupware technologies, today announced the appointment of Albert Lin to its Board of Directors, effective immediately.
Principal and Senior Portfolio Manager for The Abernathy Group - a leader in technology equities utilizing a collaborative network of money managers, investment banks, corporate partners, and interactive investors - Mr. Lin is a respected investment manager based in San Francisco, California. A graduate of the University of Texas, Mr. Lin joined The Abernathy Group in 1998 after almost a decade on Wall Street where he covered the evolution of the wireless communications industry as an analyst at SoundView Technology and S.G. Cowen & Co.
Mr. Lin was named "All Star Analyst" in 1996 by The Wall Street Journal and has also been recognized as a top ten communications equipment analyst by Institutional Investor. He has appeared on television programs and has also been quoted in numerous trade publications and popular periodicals globally.
In making the announcement, Myles McGovern, President and CEO of Centrinity, said: "Albert is a key addition to our Board, not only because of his global capital markets experience, but also because of his keen insights into the telecommunications industry. Given our desire to form strategic alliances with telecommunications providers who can benefit from our unified communications technology, Albert's expertise is a key asset."
Prior to his work on Wall Street, Albert spent five years at GTE and Moblinet, its wireless communications division. During this time, he was involved in the development and deployment of new services, the valuation of potential acquisition candidates and the GTE/Contel Communications merger, which was one of the first mega-mergers in the telecommunications industry.
Mr. Lin commented upon his acceptance of the position, "I have enjoyed the privilege of spending my entire working life improving the quality of communication technologies around the world. The opportunity to participate in the development and deployment of industry leading solutions is a wonderful, but rare situation. Centrinity holds technologies which can augment the lives of many millions of people in the next few years and I'm very excited about being part of this success story."
Headquartered in Markham, Ontario with operations in Canada, the United States, Ireland, England and Sweden, Centrinity is a leader in providing groupware to corporations and educational institutions to enable them to create integrated, collaborative electronic communications systems. According to IDC, the company had a 5.2% share of the total integrated collaborative environment (ICE) software users worldwide in 1999. IDC expects the ICE market to reach US$2.5 billion in software revenues worldwide in 2000.
Centrinity has also developed and is just introducing revolutionary Unified Messaging (UM) technology. Centrinity's new FirstClass UM enables consumers, businesses and educational institutions to seamlessly link together all group and individual email, voice mail and fax mail in-boxes and access this electronic information anywhere, any time using any electronic device. The market for Centrinity's UM technology includes telecommunication companies, Internet Service Providers and large enterprise users. The total UM software market worldwide is forecast to grow to US$1.4 billion in revenues by 2003 (IDC, 1999).
Formed in 1994, Centrinity currently has 21,007,024 common shares issued and outstanding, and a market capitalization in excess of $250 million.
About Centrinity Inc.
Serving over 6 million users in more than 8,000 organizations in 55 countries, Centrinity is a high growth software company with technological leadership in the burgeoning global market for unified communications solutions and related network-based collaboration tools. The Company's products include FirstClass Intranet Server Gold, FirstClass Collaborative Classroom Gold and Zebu, which are widely used in commercial and education markets, and FirstClass Unified Messaging, the new value-added component of FirstClass Gold. Centrinity Inc. is listed under the symbol "CTI" on The Toronto Stock Exchange. Centrinity's corporate website is located at http://www.centrinity.com
FirstClass is a registered trademark of SoftArc, a wholly owned subsidiary of Centrinity Inc. Centrinity, the Centrinity logo and Zebu are trademarks of Centrinity Inc. All other trademarks are the property of their respective owners.