Gensym Announces Departure of Two Sales Executives.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 12, 2001 Gensym Corporation (company) Gensym Corporation - A company that supplies software and services for intelligent operations management. Common applications include quality management, process optimisation, dynamic scheduling, network management, energy and environmental management, and process (Nasdaq: GNSM), a leader in adaptive software products for modeling, simulating and managing e-business infrastructure, today announced that two of its sales executives have resigned their positions to pursue new endeavors. Bill Wood, senior vice president of the company's e-infrastructure product line unit, and Carl Davies, vice president of its expert operations product line unit, will depart Gensym by the end of January. On January 4, 2001, Gensym announced that it is adopting an indirect sales model for its expert operations business, which delivers extensible software platforms and services for managing manufacturing processes in the chemical, oil, gas and pharmaceutical industries, among others. Gensym will continue to focus on developing its core technology by working closely with 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 value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. partners and end users who have domain expertise in process manufacturing The manufacturing industry that uses process control systems. See process control. . Gensym will continue to directly support its installed base of manufacturing customers. Gensym also is continuing to expand its commitment to developing out-of-the-box products for network management and supply chain modeling and simulation. It will continue to sell these e-infrastructure technologies directly to network and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , equipment manufacturers and large enterprise customers worldwide. With the departures of Wood and Davies, the company's worldwide sales staff will report to Chairman 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. Patrick Courtin. About Gensym Gensym Corporation (www.gensym.com) is a leading provider of adaptive software products that model, simulate and monitor e-business infrastructure. Since 1986, Gensym has sold more than 13,000 product licenses to organizations in communications, manufacturing, aerospace, transportation, government and other industries. Gensym is making e-business infrastructure work(TM). This document contains certain forward-looking statements as that term is defined in the 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. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, risks related to the company's ongoing transition from a provider of customized software See custom software. solutions and services to a developer of out-of-the-box software products and technology platforms; fluctuations in customer demand; intensity of competition from other solutions vendors; timing and acceptance of new products; delays or difficulties in programs designed to increase sales and restore profitability and general economic and industry conditions, as well as other risks included in Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2000, as filed with the Securities and Exchange Commission and available on the Web at http://www.gensym.com. Gensym Corp. assumes no obligation to update the information contained in this news release. Gensym is a registered trademark and making e-business infrastructure work is a trademark of Gensym Corporation. |
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