Datatec Consolidates to Better Address Economic Conditions; eDeploy Subsidiary to Remain Closely Coupled to Core Company.Business/Technology Editors FAIRFIELD, N.J.--(BUSINESS WIRE)--Feb. 21, 2001 Datatec Systems, Inc. (Nasdaq:DATC DATC Davis Applied Technology College (Kaysville, Utah) DATC Days After Test Completion DATC Deferred Adverse Tax Consequence DATC Direct Assistance & Training Command DATC Director of Air Traffic Control ), today provided further details of the consolidation program previously announced on Feb 1, 2001. This program is intended to streamline operations and address weakening economic conditions. Under the plan, the Company will place on hold efforts to spin-off its eDeploy.com subsidiary. Datatec and eDeploy will unite selected business and support functions; including human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , finance/operations and senior management under the parent company. The moves are effective immediately and reduce operational headcount for both companies by approximately 20%. Datatec and eDeploy also announced some key management changes. Tom Stevenson, eDeploy's Interim President & 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. , will become Co-Chairman of eDeploy, where he will focus his efforts on crafting and implementing eDeploy's long-term strategy. The Company has appointed Donald Bergal as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , with responsibilities for day-to-day operations. Mr. Bergal was recently VP Product Development at wireless integration specialist Mobile Logic (recently renamed Vaultus Corporation). Mr. Bergal joins Datatec and eDeploy with extensive software and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. industry experience, having previously worked with Bay Networks and Rational Software in a variety of technical, product marketing and management positions. Mr. Bergal, 40, received a BS in Aerospace Engineering from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. and holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. . Mr. Bergal will report to Isaac Gaon, Datatec's Chairman & CEO. "Tom Stevenson and I are delighted that Don accepted our offer to manage operations at Datatec and eDeploy," said Isaac Gaon. "Don's deep and varied experience in high technology makes him the perfect addition to our team and will allow us to better execute our consolidated business model and achieve our strategic objectives." Datatec also announced that Robert Gadd, eDeploy's Founder and Chief Technology Officer, will now assume overall technology direction and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. responsibilities for Datatec / eDeploy. Mr. Gadd's immediate efforts will be to further extend the integration of eDeploy technologies with Datatec's Router Central and Integrator's Workbench offerings. The Company expects this new consolidated offering to broaden the appeal of Datatec's e-enabling solutions to its growing list of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and systems integration customers. About Datatec Systems, Inc. Fairfield, NJ-based Datatec Systems specializes in the rapid, large scale market absorption of networking technologies. Datatec's deployment services utilize a software-enabled implementation model to configure, integrate and roll out new technology solutions using a "best practices" structured process. Its customers include Fortune 1000 companies and world-class technology providers. Datatec stock is listed on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (DATC). For more information visit Datatec at http://www.datatec.com About eDeploy.com, Inc. eDeploy.com, a subsidiary of Datatec Systems, Inc., provides web-based project collaboration tools and partnering portals that allow Global 500s, systems integrators and service providers to stage, configure and deploy complex network infrastructure and computing technologies faster, more economically and with fewer defects. eDeploy solutions serve as the central repository for all intellectual assets shared among project team members, customers and affiliated third parties and delivers documented best practices through secure, scalable platforms. The company operates six offices in the United States, Canada and the United Kingdom. For more information, visit http://www.edeploy.com This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties which may cause the actual results or objectives to be materially different from those expressed or implied by such forward-looking statements. |
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