Mi8 Corp. Appoints Peter Burrow as CFO; Former Merrill Lynch Director Joins Leading Application Service Provider.Business Editors & High Tech WritersNEW YORK--(BUSINESS WIRE)--April 18, 2000 Mi8 Corporation, the leading Application Service Provider for small to mid-size organizations, today announced the appointment of Peter N.H. Burrow as Chief Financial Officer. Mr. Burrow will report to Dave Castellani, 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 Mi8. "Peter's experience, credentials and personality are a perfect fit for Mi8's strategic direction and corporate culture," said Mr. Castellani. "His experience will be an invaluable asset to the management team as we solidify Mi8's leadership position in the fast-emerging ASP marketplace." "Mi8's management team and the momentum they've created within this explosive market make this a very exciting opportunity," said Mr. Burrow. "I'm thrilled to join Mi8 at a strategically important juncture in its expansion, and in the expansion of the ASP market." Mr. Burrow has more than 15 years of experience in financial management and investment banking. Prior to joining Mi8, Mr. Burrow was a Director in the Global Technology Investment Banking Group of Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , based in London, England. Mr. Burrow co-founded this group and completed IPOs for both OpenTV and Baltimore Technologies Baltimore Technologies was an internet security firm founded in 1976 by Michael Purser. It was acquired in 1996 by a team financed by Dermot Desmond and led by Fran Rooney, who became CEO. during his tenure. In addition, Mr. Burrow led the execution team for the trade sale/IPO of Turk Telecom, a $15 billion national asset in Turkey. Prior to Merrill Lynch, Mr. Burrow was Executive Director in the Healthcare Investment Banking Group at Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. International, based in London. About Mi8 Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Mi8 is a leading application service provider, delivering enterprise-class software on a subscription basis over the Internet. Specializing in messaging, collaboration and customer relationship management software for small and mid-size companies, Mi8 eliminates the cost and pain of system deployment The deployment of a mechanical device, electrical system, computer program, etc., is its assembly or transformation from a packaged form to an operational working state. Deployment implies moving a product from a temporary or development state to a permanent or desired state. and maintenance, while leveraging Internet and wireless technologies to make the applications available to any device, anytime, anywhere. Mi8 is using the ASP model to deliver applications such as Microsoft Office Microsoft's primary desktop applications for Windows and Mac. Depending on the package, it includes some combination of Word, Excel, PowerPoint, Access and Outlook along with various Internet and other utilities. , Microsoft Outlook/Exchange, Lotus Notes and Goldmine. Mi8 has subscribers at over 300 companies worldwide, including Cornell University, Arch Venture Partners, TechSpace, Miss Universe and BabyGear.com. More information is available at www.mi8.com. |
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