Technology Industry Veteran Joins SPSS as Senior Vice President of Worldwide Services.CHICAGO -- SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance. 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 :SPSS), a leading worldwide provider of predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. software, today announced that technology industry veteran Alex Kormushoff has joined SPSS as Senior Vice President of Worldwide Services. Kormushoff, who brings 26 years of experience to his new position, will provide strategic and operational direction to SPSS' consulting, training, technical support and online service functions. During his career, Kormushoff has held management positions with such companies as Standard & Poor's Financial Information Services See Information Systems. Group; CORIS, a start-up company start-up company A new business. of R.R. Donnelley & Sons, which was a pioneer in the integrated e-commerce and content management sector; Sapient sa·pi·ent adj. Having great wisdom and discernment. [Middle English, from Old French, from Latin sapi Manufacturing; Computer Sciences Corporation and Digital Equipment Corporation. Kormushoff most recently served as interim 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. for BroadVision, a global provider of enterprise Web-based self-service application A software application that allows a user to obtain information or complete a business transaction on the computer that has traditionally required the help of a human representative. Voice response systems and Web sites are widely used for self-service applications. See kiosk. software. Prior to holding that position, he functioned as BroadVision's Executive Vice President for World Wide Operations, and before that, as its Senior Vice President for Worldwide Professional Services. At BroadVision, Kormushoff restructured the business around key markets and customers and created a regional alignment versus a product alignment. He also established a World Wide Services Operations function. His model for the World Wide Professional Services business became the model for the entire company. "We have very high expectations for Alex, as he has a background of the highest caliber," said SPSS Executive Vice President and Chief Technology Officer Jon Otterstatter. "With his depth of technology experience, management savvy and keen intellect, we anticipate that he'll bring a new level of excellence to SPSS' worldwide services." About SPSS Inc. SPSS Inc. (NASDAQ:SPSS) is a leading worldwide provider of predictive analytics software and solutions. The company's predictive analytics technology connects data to effective strategic action by drawing reliable conclusions about current conditions and critical future events. More than 250,000 commercial, academic, and public sector customers rely on SPSS technology to help increase revenue, reduce costs, improve important processes, and detect and prevent fraud. More than 95 percent of the Fortune 1000 companies are SPSS customers. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For additional information, please visit www.spss.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking information made pursuant to the safe harbor provisions of 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. Forward looking statements can be identified by phrases such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "could," "designed," "should be" and other similar expressions which denote expectations of future events rather than statements of fact. These forward-looking statements involve factors that are subject to risks and uncertainties. These risks and uncertainties, which may not be currently ascertainable and many of which are beyond the Company's control, may cause the Company's actual results, performance or achievements to be materially different than the results, performance or achievements expressed in or implied by the forward-looking statements. These risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available either on the SEC's website at www.sec.gov or from the Company's investor relations Investor relations The process by which the corporation communicates with its investors. department. In light of these risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that any future results, performance or achievements will be attained. These forward-looking statements speak only as of the date on which they are made. The Company assumes no obligation to update the forward-looking statements contained in this press release. |
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