Chordiant Adds Leading Software Industry Executives to Management Team.Business Editors CUPERTINO, Calif.--(BUSINESS WIRE)--Dec. 12, 2001 "Chordiant is poised to lead the future direction of customer interaction for the consumer marketplace," says Aberdeen analyst Chordiant Software, Inc. (Nasdaq:CHRD CHRD Color High Resolution Display ) a leading enterprise software company for real time customer interaction solutions today further solidified so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. its growing leadership by adding two software industry veterans to its management team. The new additions are Jeremy Coote, formerly general manager of Siebel North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and Paul Burrin, formerly senior vice president of Corporate Marketing at Oracle Corporation. Jeremy Coote joins as president of Chordiant's Americas operations, and Paul Burrin joins as the senior vice president for Worldwide Marketing, both new positions at Chordiant. Coote and Burrin are joining a strong, experienced, highly qualified executive team under Chordiant's newly-named 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. , Stephen Kelly Stephen Michael Kelly (born September 6, 1983 in Dublin, Ireland) is a professional footballer who plays at full back (usually right full back) for Birmingham City. He is a full international for the Republic of Ireland. . "The addition of these two highly experienced leaders to the Chordiant management team is a major statement," said Denis Denis, king of Portugal: see Diniz. Pombriant, research director, CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . "Chordiant is poised to take on all competitors at the lucrative high end of the market." "Jeremy and Paul bring industry-proven leadership and experience to Chordiant. Collectively, we have one of the strongest teams in the industry," said Stephen Kelly. "The latest additions to the management team are a key part of Chordiant's continuing evolution as a company relentlessly focused on delivering leading software solutions to the enterprise market." Jeremy Coote to Lead Chordiant's Americas Operations Jeremy Coote provides Chordiant with proven leadership in enterprise software sales, operations and customer deployment. Previously, he was the General Manager of Siebel North America where he led the sales operation. Prior to Siebel, Coote was president of SAP Americas where he helped lead SAP during its rapid expansion -- from inception in North America to $2 billion, and helped build SAP's 5,000-plus customer base. As the new President of Chordiant Americas, Mr. Coote will be responsible for all of Chordiant's Americas operations including the field, and customer servicing and selling functions. "I've been fortunate to work with high growth companies throughout my high tech career, so I have equally high expectations of Chordiant and its vision for creating the real-time customer driven enterprise," said Coote. "I believe that Chordiant has the most upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside of any CRM company in the market today. My specific experience includes helping companies that are poised to move to the next level and beyond, to that next level -- which is clearly true of Chordiant." Paul Burrin Joins Chordiant as Senior Vice President of Marketing Paul Burrin has been named Chordiant's senior vice president of Worldwide Marketing and joins the company from Oracle Corporation where he served in a variety of corporate and field marketing roles, most recently as senior vice president, Corporate Marketing. Burrin has more than 14 years of experience in business strategy, planning, operations, sales and marketing management. Burrin will lead Chordiant's go-to-market strategy and will direct worldwide field marketing, corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , branding, and industry analyst and media relations. "I have considerable field experience having lived and worked for Oracle in a variety of executive positions in Europe, Asia Pacific and North America. Oracle is well known for being growth oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. and this is a value that I bring with me," said Burrin. "Chordiant is uniquely positioned to take the market for CRM solutions to the next level where real-time capability is critical in helping large, complex companies reach, retain and grow their best customers. This will be the next major advance in CRM and I'm convinced Chordiant will quickly establish a widely recognized and respected global brand that personifies delivery of the features and benefits of world-class solutions." About Chordiant Software, Inc. Chordiant Software, Inc. (www.chordiant.com) provides software systems designed to optimize customer interactions for Global 1000 enterprises. Chordiant's software empowers enterprises to develop high-value relationships that help retain customers, grow revenue and drive profits by providing real-time customer information from a diverse set of legacy systems, integrating all customer communications channels Also called a "circuit" or "line," it is a pathway over which data are transferred between remote devices. It may refer to the entire physical medium, such as a telephone line, optical fiber, coaxial cable or twisted wire pair, or, it may refer to one of several carrier frequencies and automating best customer practices throughout the enterprise. Chordiant's software meets the needs of enterprises that service millions of individual customers, offer multiple product lines and develop complex customer relationships over a lifetime of interactions. Headquartered in Cupertino, Chordiant maintains regional offices in Boston, Chicago, Dallas, Manchester, New York Manchester, New York is both a town and a village located in Ontario County, New York.
Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This news release includes "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. Forward-looking statements in this release are generally identified by words such as "believes," "anticipates," "plans," "expects," "will," "would," and similar expressions which are intended to identify forward-looking statements. There are a number of important factors that could cause the results of Chordiant to differ materially from those indicated by these forward-looking statements, including, among others, potential difficulties in the assimilation Assimilation The absorption of stock by the public from a new issue. Notes: Underwriters hope to sell all of a new issue to the public. See also: Issuer, Underwriting Assimilation of operations, strategies, technologies, personnel and products of acquired companies and technologies, the impact of perceived or actual weakening weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. of economic
conditions on customers' and prospective customers' spending
on Chordiant software and services; quarterly fluctuations in
Chordiant's revenues or other operating results; failure by
Chordiant to meet financial expectations of analysts and investors,
including failure resulting from significant reductions in demand from
earlier anticipated levels; risks related to market acceptance of
Chordiant's products; customization and deployment delays or errors
associated with Chordiant products; impact of long sales and
implementation cycles for certain Chordiant products; reliance by
Chordiant on a limited number of customers for a majority of its
revenues; Chordiant's need to retain and enhance business
relationships with systems integrators and other parties;
Chordiant's use in its products of third-party software; activities
by Chordiant and others regarding protection of intellectual property;
and competitors' release of competitive products and other actions.
Further information on potential factors that could affect the financial
results of Chordiant are included in risks detailed from time to time in
Chordiant's Securities and Exchange Commission filings, including
without limitation Chordiant's report on Form 10-Q Form 10-QSee 10-Q. for the quarterly period ended September 30, 2001, and the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed on March 27, 2001. These filings are available on a Website maintained by the Securities and Exchange Commission at http://www.sec.gov. Chordiant does not undertake an obligation to update forward-looking or other statements in this release. Note to Editors: Chordiant and the Chordiant logo are registered trademarks and Chordiant Unified CRM for Extreme Demands is a trademark of Chordiant Software, Inc. JX Architecture is a trademark of Chordiant Software, Inc. All other trademarks and registered trademarks are the properties of their respective owners. |
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