SAN JOSE, Calif. (09/09/02) - Pumatech, Inc. (NASDAQ: PUMA), the leading provider of synchronization software and services, today announced that industry veteran Clyde Foster has joined the Company as senior vice president of sales and marketing. Mr. Foster will direct Pumatech's enterprise, retail, and technology-licensing sales teams, as well as the Company's product marketing and corporate communications staff.
"Clyde is an experienced senior executive with exceptional strategic vision as well as leadership and team-building skills," said Pumatech President and CEO Woodson (Woody) Hobbs. "He has delivered outstanding results while leading a number of diverse sales organizations for large, multinational technology providers focused on enterprise accounts. We feel he's the ideal person to lead our sales and marketing teams, and his addition bolsters an executive staff that is poised to make Pumatech a dominant force in mobile computing."
"In today's difficult technology environment, finding a company with the leading brand in a growth market, tremendous patent technology, a solid distribution channel and customer base, a talented and committed team, and a strong cash position is almost impossible," said Foster. "Pumatech has all of those characteristics, and I am very excited about utilizing my enterprise sales and rapid-revenue-growth experience to lead our sales and marketing teams as we take Pumatech to new heights in the enterprise software arena."
Mr. Foster brings more than 20 years of executive-level leadership experience to Pumatech, most recently as president, CEO and founder of eConvergent, Inc., the first company to deliver next-generation customer data integration software that allows large enterprises to connect multiple sources of customer data in real-time. Under Mr. Foster's leadership, eConvergent was named one of Information Week's "Top 100 Innovative Companies" and formed strategic relationships with Siebel, IBM, KPMG and several other technology firms.
Prior to founding eConvergent, Mr. Foster established and led the Global Solutions Services division at Aspect Communications, where he grew annual revenues from zero to an excess of $35 million in less than three years and formed strategic alliances with many global systems integrators and more than 14 leading CRM software venders. He also held a variety of sales and marketing management positions during his 14 years at IBM. As IBM's director of cross-industry practices, Mr. Foster established an organization structure, methodology and operating principles for the Year 2000 practice and constructed the Early Cloud & Co., Inc., integration plan, which resulted in a doubling in revenues to $30 million in one year. He also served as IBM's director of Pacific Northwest consulting, helping boost revenues from $2 million in 1992 to more than $50 million in 1995.
ABOUT PUMATECH, INC
Pumatech, Inc. (NASDAQ: PUMA) provides organizations with a comprehensive suite of software products and services that synchronizes and distributes critical information throughout an enterprise. Organizations can choose to use Pumatech's ready-made enterprise offerings, or they can leverage Pumatech's professional services team to create custom solutions built upon Pumatech's core enterprise platform. Pumatech's customer and strategic partner base includes Global 2000 companies such as Siebel, Oracle, Yahoo!, NTT DoCoMo, Boeing, CNET and General Motors. The company has headquarters in Silicon Valley, Tokyo and London. Pumatech offers more information on its products and services at www.pumatech.com.
The statements concerning Pumatech's future management plans and enterprise software sales contained in this press release are forward-looking statements that are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to integration of new employees and officers into the management team, possible product defects and product liability, continued acceptance of Pumatech's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Pumatech's periodic reports filed with the United States Securities and Exchange Commission and other regulatory authorities.
Note: Pumatech and the Pumatech logo are trademarks of Pumatech, Inc., that may be registered in certain jurisdictions. All other company and product names may be trademarks of their respective owners.