MANAGEMENT TECHNOLOGIES ADDS THREE KEY EXECUTIVES
MANAGEMENT TECHNOLOGIES ADDS THREE KEY EXECUTIVES NEW YORK, March 27 /PRNewswire/ -- Management Technologies, Inc.
(MTI) (NASDAQ: MTCI, MTCIW), a leading provider of wholesale banking software systems and services, has named Michael R. Sprague vice president of client services; Clifford D. Brune senior vice president of business development and chief financial officer; and Steven Goldberg vice president of marketing.
Sprague was vice president and senior project manager at Chemical Bank in New York. Responsible for developing an information technology architecture at the bank, Sprague also managed development of corporate credit and MIS applications. He has consulted for Bankers Trust, Schroder Bank, American Management Systems, Inc. and was a vice president for Anacomp, Inc., a banking software company. Brune joined MTI in March from Policy Management Systems Corporation which provides software and services for the insurance industry. PMSC is a cooperative software partner of IBM, which has taken an equity position in the company. It had revenues of more than $400 million last year. Brune, a CPA, was a partner at Coopers & Lybrand before joining PMSC. Goldberg, MTI's new vice president of marketing, was previously marketing manager of datafeeds for Reuters Information Services. He has more than 14 years experience in the marketing of financial information technology. The three additions to MTI's corporate staff are the most recent steps of a corporate restructuring underway since Anthony J. Cataldo joined the software developer as president in November. A 15-year veteran in the marketing and sales of sophisticated banking systems, Cataldo said he intends to bring MTI's marketing up to the level of its advanced database technology. "We are attracting some of the top talent in the financial technology industry," Cataldo said, "and we plan to work together to develop MTI. The company has the leading software in wholesale banking, but it has lagged in sales and marketing. We are correcting that." MTI has recently closed on $2 million of a private placement conducted by D.H. Blair & Co. MTI develops banking systems on IBM mainframes and Stratus fault-tolerant computers and has its systems installed at major banks in North America, Europe and Australia. -0- 3/27/92 /CONTACT: Tom Groenfeldt of Management Technologies, 212-239-8224/ CO: Management Technologies, Inc. ST: New York IN: CPR SU: PER
PS-AH -- NY005 -- 2237 03/27/92 08:15 EST
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|Date:||Mar 27, 1992|
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