Nimsoft Appoints Mark Harris as CFO.Financial Executive Recruited to Help Propel Rapid Corporate Expansion SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Nimsoft Inc., the leading provider of Service Level Management (SLM See service level management system and spatial light modulator. ) solutions, today announced that Mark Harris has been appointed the company's Chief Financial Officer. Bringing more than 20 years of experience, much of it spent in executing successful capital-raising efforts to propel corporate expansion, Harris will provide pivotal leadership for Nimsoft's continued growth. "As Nimsoft moves into its next stage of business expansion, it's imperative that we enlist a CFO See Chief Financial Officer. to direct our 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 budgeting and to help us manage our corporate financial goals," said Gary Read, Nimsoft President & 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. . "I am confident that with his breadth of knowledge and extensive experience, Mark will provide the strong financial leadership we require as we rapidly scale our market leadership in SLM. And as analysts initiate and expand coverage of Nimsoft, Mark will also take an active role in communicating corporate performance to this important community of industry influencers." Mark Harris commented, "I am delighted to have the opportunity to join Nimsoft's excellent executive team and I look forward to making significant contributions to the business as Nimsoft grows market share for its cutting-edge, comprehensive Service Level Management solutions." Before joining Nimsoft, Harris was CFO of Miami-based DSLi, a VoIP company, where he was responsible for the funding and financial management of operations that provided a seven-fold growth in revenues. Previously, as CFO of Riversoft Plc, a company providing network management software solutions, Harris led one of the fastest Initial Public Offerings in the history of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. , raising $160m. During his time at Riversoft, the 20-person company grew to over 300 employees, raised four rounds of venture capital funding and secured financing led by industry partners Cisco, Intel and Hewlett-Packard. In addition to contributing to the development of the corporate strategy at Riversoft, Mr. Harris' responsibilities included building a financial function capable of complying with the reporting and internal control requirements of UK publicly listed companies under the Combined Code and the Turnbull Report. These Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. concepts for UK businesses preceded the Sarbanes-Oxley Act See SOX. . Prior to joining Riversoft Harris held a number of financial management positions at Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and Salomon Smith Barney. His responsibilities included financial reporting, systems management and external liaison with the SFA See sales force automation. SFA - Sales Force Automation (the UK equivalent of the SEC). Harris was top of his graduating class and has a First Class Honors Degree in Mathematics. He qualified as a Chartered Accountant in London, where he spent six years with Deloitte & Touche providing audit, corporate and accounting services to a varied portfolio of private and public companies. About Nimsoft Nimsoft is the premier provider of business-focused service level management solutions that customers can easily deploy and use. The company's Service Level Management solutions - NimBUS - are used by hundreds of companies across diverse industries to manage complex networked systems and meet service level agreement targets. Nimsoft solutions combine advanced SLM functionality and broad platform coverage with unprecedented ease of implementation, deployment and use. NimBUS, Nimsoft and the Nimsoft logo are trademarks or registered trademarks of Nimsoft Inc. All other company and product names may be trademarks or registered trademarks of their respective companies. (c) 2006 Nimsoft Inc. all rights reserved. |
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