Delano Announces New Appointments; Strengthens Sales and Marketing Organization.Business Editors TORONTO--(BUSINESS WIRE)--Nov. 16, 2001 Delano Technology Corporation (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 : DTEC DTEC Department of Technical and Economic Cooperation (Thailand) DTEC Development Test and Evaluation Center ; TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DLN DLN Document Locator Number DLN Digital Learning Network DLN Dry Low NOx DLN Draining Lymph Node DLN Don't Look Now (film) DLN Digital Loyalty Network DLN Dark Long Night (band) DLN Direct Link Node ), an e-marketing solutions company, today announced several changes designed to strengthen its sales and marketing organization. Delano(TM) also announced the addition of new executives to its management team. Vikas Kapoor, 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 Delano, announced that Peter Bishop has been hired as Vice President of Marketing. Most recently, Bishop was a General Manager at Dell Computer Corporation (company) Dell Computer Corporation - One of the biggest US manufacturers of IBM PC compatibles. "From notebooks to networks", their slogan says. http://us.dell.com. responsible for a $60 million business unit. Prior to that, Bishop held positions at Bain & Co and at Cadence Computer Corp. He has degrees as a Bachelor of Systems and Computer Engineering and a Master of Electronics Engineering from Carleton University and an MBA from University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings. . "Peter brings the technical knowledge, marketing savvy and global expertise that Delano keenly needs," said Kapoor. "He will help transform Delano into a true marketing-oriented company." Kapoor also outlined a vertically focused sales and marketing structure designed to support four key industry sectors--Direct Marketing, Media and Entertainment, Consumer Retail, and Membership Organizations. Barry Yates, Senior Vice-President, Worldwide Sales & Marketing, commented that, "Delano is gaining traction with major customers. Peter Bishop's leadership and our new industry focus will allow us to marshal our resources to market to, and support, targeted high-growth industries." In the finance area, Delano announced that Thomas Hearne, the current CFO See Chief Financial Officer. , is leaving to pursue other professional interests. Said Kapoor, "Thomas Hearne has seen Delano through a number of challenges, and we all wish him well in the future." David Garland, who has been with the company since its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , has been appointed Vice-President, Finance. "David has done an outstanding job in the finance function over the last two years-and has been a major architect of the restructuring we have recently navigated with success. His tight operating style suits our needs very well, and I am excited to be working more closely with him," said Kapoor. Dennis Bennie, Chairman of the Board, commented that, "The team we are starting to put in place is very talented, focused and energized. Under the direction of Vikas Kapoor, this management team is capable of establishing a new culture at Delano that will provide for an exciting future." About Delano Technology Corporation Delano is a software company that provides an enterprise with the lowest-cost way to implement customized email marketing solutions. Delano's applications enable intelligent, two-way dialogues between an enterprise and its customers. Delano's customers include industry-leading Fortune 500 and Global 2000 enterprises including Compaq, Charles Schwab, Warner Music Group Warner Music Group (WMG) is one of the four major record labels. Warner Music Group also has a publishing arm, Warner/Chappell Music, which dates back to 1929, when Jack Warner, president of Warner Bros. Pictures Inc. , Nortel Networks, Ericsson, and i2 Technologies. The Company is headquartered in Toronto, Canada, with offices across North America, Europe and Asia Pacific. For additional information, contact Delano Technology Corporation, 302 Town Centre Boulevard, Markham, ON, L3R OE8; www.delanotech.com. Delano is a trademark of Delano Technology International SRL. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies. Forward-looking statements in this press release, including statements relating to the anticipated benefits from Delano Technology Corporation's new management appointments, are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors re cautioned that such a forward-looking statements involve risks and uncertainties, including, without limitation, risk relating to rapid technological change and increased levels of competition within our industry, our ability to manage growth, continued acceptance of our products, intellectual property rights and other risk detailed from time to time in our filings with the United States Securities and Exchange Commission. |
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