Scangraphics Inc. appoints former VP of IBM U.S. and president of General Instrument Division as chief operating officer and president of Sedona GeoServices Inc.BROOMALL, Pa.--(BUSINESS WIRE)--Oct. 29, 1996--Scangraphics(R) Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SCNG SCNG Strategic Center for Natural Gas ) announced Tuesday the appointment of Laurence L. Osterwise as its chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and president of Sedona GeoServices(TM) Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , with the expectation that after an appropriate transition period, Osterwise will succeed as 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 Scangraphics. Osterwise had most recently been president of the $1.5+ billion Communications Division at General Instrument Corp., a world leader in developing technology, systems and product solutions for the secure interactive delivery of video, voice, and data, as well as in manufacturing and distribution of discrete semiconductors. Prior to joining General Instrument Corp., Osterwise spent 25 years with 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) Corp., where he held positions as president of Production Industries, U.S. vice president and corporate director of Market Driven Quality and IBM Rochester IBM Rochester is the facility of International Business Machines in Rochester, Minnesota. The initial structure was designed by Eero Saarinen, who clad the structure in blue panels of varying hues after being inspired by the Minnesota sky. general manager and director of Application Business Systems. Osterwise holds an M.S. degree in Systems and Information Sciences from Syracuse University Syracuse University, main campus at Syracuse, N.Y.; coeducational; chartered 1870, opened 1871. Syracuse is noted for its research programs in government and industry; facilities include the Center for Science and Technology, the Newhouse Communications Center, and and a B.S. in Mathematics from Duke University. Andrew E. Trolio, president of Scangraphics, said, "Larry Osterwise is a seasoned professional with an excellent record of meeting and exceeding customer expectations through focused development and delivery of technology. "His long list of accomplishments include leading IBM's Rochester Minnesota site during the development of the AS/400 system, one of the most widely accepted business computing systems in the world today. "Under his leadership, IBM Rochester was awarded the Malcomb Baldrige National Quality Award. While at General Instrument, he focused on bringing advanced analog and digital products to market including the highly successful CFT CFT complement fixation test; see under fixation. CFT complement fixation test. 2200. "Larry represents our continuing commitment to making Scangraphics a major force in the Geographic Information Systems market. We are please to have him drive this effort." Osterwise stated, "I am excited to be joining the team at Sedona GeoServices and Scangraphics at this pivotal point in their history. "Sedona GeoServices has developed exceptional technology and created products and services which will provide customers, across numerous industries, access to vast amounts of information and the ability to effectively and efficiently utilize that information to improve the businesses, while adding increased value to their customers. "Focusing this technology, delivering it to its almost limitless set of customers, and providing these services are significant challenges. These challenges provide outstanding opportunity for Scangraphics both in the near term and over the strategic horizon." Scangraphics is a provider of Geographic Information Systems (GIS) database management software products and is a pioneer and leader in scanning and image processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished technology, large document scanners, backfile conversion services, and imaging software and systems. Its products are marketed internationally through systems integrators and distributors. Scangraphics is a publicly held corporation, with shares traded on NASDAQ (SCNG). The Scangraphics corporate Internet Home Page is: http://www.scangraphics.com. Sedona GeoServices Inc.'s Internet Home Page is: http://www.sedonageo.com. -0- Sedona is a trademark of Scangraphics Inc. Scangraphics is a registered trademark of Scangraphics Inc. CONTACT: Scangraphics Inc. Donna McMenamin, voice: 610/328-1040, ext: 216 fax: 610/543-6257, e-mail: donnam@scangraphics.com |
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