Computron Software Inc. Announces Management Changes.RUTHERFORD, N.J.--(BUSINESS WIRE)--Feb. 3, 1997--Computron Software, 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 : CTRNE), announced today John A. Rade has been elected Director, President and Chief Executive Officer of Computron and the Company is actively recruiting a new Chief Financial Officer. The new executives will replace Adrian Peters, formerly Director, President and Chief Executive Officer and Alex W. Comandini, formerly Chief Financial Officer, who have left the company. Mr. Rade has had extensive corporate restructuring experience, successfully salvaging the troubled Information Science, Inc., a publicly-held software company, while turning significant operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. into a profitable situation and raising sufficient funds to affect the turnaround of the company. Mr. Rade joins Computron from S-Cubed International, a company he founded in the client server system development and consulting market. Prior to launching S-Cubed, Mr. Rade was President 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. of Information Science, Inc. Earlier, he was Vice President Eastern Region, CAP Gemini America, and Executive Vice President and COO, Europe of CAP Gemini Sogeti. CAP Gemini Sogeti is one of Europe's leading computer software and largest independent data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a services companies. He also worked with Computer Sciences Corporation in Brussels, and Brandon Applied Systems, Inc. in London. Computron Software, Inc. Headquartered in Rutherford, New Jersey Rutherford is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 18,110. Rutherford was formed as a borough by an Act of the New Jersey Legislature on September 21, 1881, from portions of Union Township, , Computron Software, Inc. is an international software company that designs, markets and supports 3-tier workflow and internet-enabled client/server-based financials, workflow and COOL (Computer Output On-Line Laser Disk) and maintenance and materials/work management software solutions. Computron products are interoperable across most major UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). and legacy architectures, as well as on Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. NT. The Company currently markets its products and services world wide through a direct sales force and indirect channels. The Company has offices and distributors in 14 countries in 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. , Europe and Asia. This press release contains forward-looking statements. Such statements are only predictions and actual events or results may differ materially. All forward-looking statements involve risks and uncertainties, including, without limitation, the risks detailed in the Company's documents and reports filed from time to time with the Securities and Exchange Commission. Computron Financial, Computron Workflow, and Computron COOL are trademarks of Computron Software, Inc. All other companies and product names are trademarks or registered trademarks of their respective companies. CONTACT: Alex Plavocos Robert D. Ferris Computron Software, Inc. Ruder Finn, Inc. 201-935-3400 212-715-1573 email: aplavocos@ctronsoft.com |
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