Technology Industry Veteran Edward M. Peters to Lead OpenConnect; Former DataDirect CEO to Drive Strategy and Direction for Mainframe-to-Web Integration Innovator.DALLAS -- OpenConnect Systems, Inc., the premier supplier of leading mainframe-to-Web solutions, today announced that Edward M. Peters has joined the company as chief executive officer, bringing more than 25 years of expertise in operations excellence and technology integration to the company. Peters was most recently president and chief executive officer at DataDirect Technologies, where he led the company's spinoff from Merant and ultimate sale to Progress Software Corporation (Nasdaq:PRGS PRGS Phosphoribosylglycinamide Synthetase ) for approximately $88 million in cash. At OpenConnect, Peters is charged with leading the company's evolution as a leader in delivering software solutions that provide secure, high-performance browser-based access to applications and data. As a player in the Gartner Programmatic Integration Servers Magic Quadrant The Gartner Magic Quadrant is a proprietary research tool developed by Gartner Inc., a US based research and advisory firm. It is designed to provide an unbiased qualitative analysis of a “markets’ direction, maturity, and participants. , OpenConnect has developed a complete set of software solutions and integration tools that enable large, complex organizations to securely leverage their existing legacy assets in a Web browser-based environment, increasing productivity across the enterprise, saving money on IT infrastructure and sharing information from application to application. "The software infrastructure community is consolidating, and only a few visionary companies will stand out and be capable of delivering on the promise of enterprise integration," Peters said. "OpenConnect has a very strong customer base, proven technology and a unique security platform in connecting legacy systems via browsers. The company is primed to expand beyond screen-based integration and to elevate into service-oriented architecture See SOA. and other enabling technologies and solutions." Peters' former company, DataDirect Technologies, has long been recognized as the industry leader in the data connectivity components market. Prior to the DataDirect spinoff as a standalone company, Peters served as senior vice president and general manager of the Merant business unit before leading the management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. of DataDirect in November 2001, with Golden Gate Capital as the equity sponsor. Peters has more than 25 years of experience in various software and IT industry roles, including his role 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 Cerebellum cerebellum (sĕr'əbĕl`əm), portion of the brain that coordinates movements of voluntary (skeletal) muscles. It contains about half of the brain's neurons, but these particular nerve cells are so small that the cerebellum accounts for Software and general manager of data connectivity group at INTERSOLV, where he led the unit to become the leading independent software vendor in the data access middleware market. "Ed has extensive experience in our space," said Hugh Balloch, managing principal of Goff Moore Strategic Partners, L.P. "He understands what our customers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. , has a firm grasp of the opportunities that are in front of us and the strategic vision to help us get there. Ed's track record of success in building companies and his entrepreneurial spirit are just what we need." Peters has received numerous industry and management awards, including the 2004 Maryland Technology Council Entrepreneur of the Year Award, the IBM/GUIDE International President's Award The President's Award may mean:
Peters earned a bachelor of arts degree in government and a master's of science in industrial engineering from Lehigh University and also attended Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions. Graduate School of Business. About OpenConnect Systems, Inc. OpenConnect is the premier supplier of secure mainframe-to-Web solutions for Global 2,000 organizations. More than 2,200 companies, including 60 of the Fortune 100, and four million users in 60 countries rely on OpenConnect solutions every day. The company's Mainframe2Web Secure Solution Series provides companies with cost-effective, secure access to critical business information and applications within mainframes. OpenConnect's Mainframe2Web Secure Solution Series consists of Secure Access Solutions (WebConnect, WebConnect SSO See single sign-on and CSO. SSO - single sign-on ), Mainframe2Web Development Tools (eXtremeVista and Visual3270) and Web Services Development Tools (xmlConnect). For more information, visit the company's website at www.oc.com. |
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