MITI Hires Steve J. Wong as CFO and VP Operations.MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--May 15, 1996--MITI, a leading developer of database reporting systems, today reported it has hired Steve J. Wong, 45, as chief financial officer and vice president of operations. Formerly CFO See Chief Financial Officer. for Rasna Corporation, Wong brings nearly 20 years corporate financial management experience to the thriving MITI. Wong will oversee all aspects of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and management for the growing software company and will report directly to its 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. , Ofir Kedar. During his career, Wong has held positions with Silicon Valley companies such as: Counterpoint Computers, Inc., Drivetec Corporation, Shugart Corporation and Memorex Corporation. Wong 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 the University of Notre Dame Notre Dame IPA: [nɔtʁ dam] is French for Our Lady, referring to the Virgin Mary. In the United States of America, Notre Dame and a BS from Stanford University. "Steve's impressive background and, specifically, his career in the high-tech industry make him a real find. MITI is on a fast track toward establishing itself as a technology leader in the database and data warehousing tools market," said Kedar. "In this highly competitive atmosphere it is essential to have the seasoned financial guidance a veteran like Steve offers." Wong's employment is preceded by the recent announcements of Sylvain Pavlowski as vice president of international operations, Bruce Mitchell as vice president of marketing, and Chris Rose as vice president of sales. Wong's appointment brings the company another step closer to rounding out a top notch executive team. An $8 million round of equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. last August from General Atlantic Partners and strong executive direction poise the company for leading the production reporting tools market. General Atlantic's investment built upon MITI's 550 percent growth rate over the last three years. About MITI Founded in 1985, MITI is a privately held software development company specializing in information retrieval and dissemination tools for relational database management systems See DBMS for a shorter list of “typical”, representative database management systems. Open-source software
CONTACT: MITI Kate Quackenbush, 415/614-6741 kateq@miti.com or Evans Communications Joanna Kulesa, 408/338-1286 joanna233@aol.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion