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Former Chairman and CEO of SHL Systemhouse, John R. Oltman, Joins IA Board of Directors.

EMERYVILLE, Calif.--(BUSINESS WIRE)--Sept. 12, 1996--IA Corporation, a leading provider of software solutions, announced today the addition of former chairman and CEO of SHL Systemhouse, Inc., John R. Oltman, to its board of directors.

Oltman was responsible for growing SHL Systemhouse Inc. into a $1.5 billion provider of client/server consulting, systems integration and technology outsourcing, which was acquired in November 1995 by MCI.

"As IA continues its leadership in the banking and financial services industries and expands into other market segments, Oltman's industry experience in software and vertical markets will benefit us greatly," said Dr. C.V. Ravi, President and Chief Executive Officer. "His business expertise and success in growing a company into a major force will prove a great asset in this phase of IA's development."

Before joining SHL Systemhouse in 1991, Oltman was worldwide managing partner for systems integration and outsourcing services for Andersen Consulting. Oltman held a number of significant positions within Andersen, including managing partner for its Chicago Consulting Group, the firm's largest operation and was a member of Andersen's worldwide organization board of directors. Both Andersen and SHL Systemhouse had responsibility for complex systems integration and outsourcing services in the U.S. and internationally.

Oltman is chairman of the board for TSW International, Inc., a leading provider of client/server asset care systems worldwide and also a member of the board of Vanstar Corp. He is involved in numerous educational, civic and charitable activities. Oltman holds a Bachelor of Computer Sciences degree from the University of Illinois and an MBA from Northwestern University's Kellogg School of Management.

"I always find it exciting to be part of a dynamic, growing organization that helps solve business problems through the use of technology," said Oltman. "IA provides a unique enterprise software solution for high volume, complex transactions that gives its customers an edge in a fiercely competitive environment. My enterprise-level experience combined with the IA vision, is a great match."

IA Background

IA Corporation develops, markets, implements and supports software solutions for financial services organizations that require flexible automation of high-volume, complex transactions. The Company currently sells two leading application framework software products for advanced cash management services, CheckVision and RemitVision, which are built upon the Company's advanced, client/server work management software platform, WorkVision.

IA offers scalable, enterprise-wide application framework software products that enable its customers to manage and automate their business processes from end to end. These software products are deployed through professional services that include comprehensive installation, training, ongoing maintenance, support and development services. The Company's customers include GE Capital Mortgage Corporation, Harris Bank, Mellon Bank Corporation, Sanwa Bank of California, and UMB Bank, NA.

IA is located at 1900 Powell St., Emeryville, CA 94608-1840. Telephone: 510/450-7000. Fax: 510/450-7099 Email: Website:

CONTACT: IA Corporation

Thierry Leger, 510/450-6816


Mesa Communications

Debra Leak, 714/260-3912
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Publication:Business Wire
Date:Sep 12, 1996
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