Macrovision Corporation Appoints James Budge Chief Financial Officer.SANTA CLARA, Calif. -- Macrovision Corporation (Nasdaq:MVSN MVSN Milizia Volontaria per la Sicurezza Nazionale (Italy) ) announced today that James Budge joined the Company as Executive Vice President and Chief Financial Officer, effective immediately. Budge will oversee all aspects of financial management, control, reporting, planning, tax and investor relations for Macrovision. Budge will also have responsibility for IT and Facilities operations across the Company. "James brings exceptional financial experience, both in public accounting and leading corporate finance organizations, to Macrovision. With my past experience working with James, I look forward to his efforts in helping us become a stronger business with world class financial infrastructure. I am very pleased to welcome to Macrovision a top quality financial executive who will be instrumental in driving the business forward," said Fred Amoroso, Macrovision Chief Executive Officer. Budge said, "I am thrilled to be joining Macrovision. The Company has built a terrific franchise and I am excited to help lead the Company during this next round of growth." Budge has served as Chief Financial Officer for the past six years, most recently at Trados, Incorporated; and prior to Trados, at Sendmail, Inc. and Crossworlds Software Inc. At Crossworlds, he was part of a team that led the company through its initial public offering and ultimately sold the company to IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation. Before joining Crossworlds, Budge served as Director of Finance for Hyperion Solutions. Budge started his career with Price Waterhouse LLP LLP - Lower Layer Protocol where he worked for seven years. Budge is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. and has a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Accounting from Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. . About Macrovision Macrovision develops and markets content and software value management solutions for the video, music, games and software industries. Macrovision's technologies are embedded in over 9 billion DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. , VHS (Video Home System) A half-inch, analog videocassette recorder (VCR) format introduced by JVC in 1976 to compete with Sony's Betamax, introduced a year earlier. and CD units representing over $130 billion of protected entertainment content. In the software market, Macrovision licenses software developers the FLEXnet(TM) universal licensing platform and the InstallShield(R) suite of software installation, repackaging and update solutions, which are deployed on more than 500 million desktops worldwide. Over 50,000 software publishers and virtually all of the Fortune 1000 companies use Macrovision's technologies to maximize the value of their software. Macrovision is headquartered in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , and has offices worldwide. More information about Macrovision can be found at www.macrovision.com. (C) Macrovision 2005. Macrovision, FLEXnet and InstallShield are registered trademarks or trademarks of Macrovision Corporation. All other brands and product names and trademarks are the registered property of their respective companies. This press release may contain "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. All statements contained herein, including the quotations attributed to Mr. Amoroso and Mr. Budge that are not statements of historical fact, including statements that use the words "will" or "believes" or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements." A number of factors could cause Macrovision's actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in Macrovision's Annual Report on Form 10-K for the year ended December 31, 2004, and its latest Quarterly Report on Form 10-Q for the period ended June 30, 2005, which are on file with the Securities and Exchange Commission (available at www.sec.gov). Macrovision assumes no obligation to update any forward-looking statements. |
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