Progress Software Appoints Global Business Technology Veteran as Regional Vice President for Financial Services in EMEA
London, UK
20-Jul-2010
Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, has announced that Graeme Clark, a sales leader in financial services of 25 years’, has been appointed regional vice-president for financial services in EMEA. Clark will be responsible for advancing Progress’ leadership position in capital markets organisations, as well as increasing sales in the banking and insurance segments across the region.
Christopher Larsen, executive vice president, Global Field Operations, Progress Software, said: "Graeme brings exactly the right experience and expertise we need to expand our presence in financial services across EMEA. He will be heading up an integrated group of sales, pre-sales, professional services and alliance team members with a dedicated focus on ensuring success for all of our financial services customers. With a strong background in solutions for compliance, risk and surveillance, he will lead the team to further growth in capital markets as well as expanding our vision to take our highly valuable solutions to senior executives throughout the region.”
Formerly a vice-president at Enigmatec Corp. and SearchSpace Ltd., Clark has a history of successfully growing technology companies. After successfully building SearchSpace’s European sales function, he launched the company to the US market: within four years its anti-fraud software was in use in 25 of the world’s top 30 banks to prevent money laundering and other unusual activity, it had 300 staff, and was sold to Warburg Pincus in 2006. Clark has also led sales teams at Peoplesoft and Sun Microsystems.
Clark commented: “Progress Software has seen immense success with its market-leading Apama® platform. It now needs to go to the next level, taking its full product suite to the capital markets segment and growing awareness in retail and wholesale banking, as well as the insurance sector. Its Responsive Process Management approach gives business leaders the real-time visibility into their processes that they urgently need to improve customer and stakeholder relations, take advantage of opportunities in a fast-paced market and prepare their organisations for global growth. Progress Software is extremely well positioned in the technology space, and can now capitalise on its brand presence to secure the growth it deserves across EMEA - it’s an exciting time to be joining the team.”
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur – to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class infrastructure software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment – all supporting on-premises and SaaS/Cloud deployments. Progress maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.
Safe Harbor Statement
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including but not limited to the following: the receipt and shipment of new orders; the timely release of enhancements to Progress’ products; the growth rates of certain market segments; the positioning of the Progress’ products in those market segments; variations in the demand for professional services and technical support; pricing pressures and the competitive environment in the software industry; the continuing weakness in the U.S. and international economies, which could result in fewer sales of Progress’ products and may otherwise harm Progress’ business; Progress’ ability to complete and integrate acquisitions; Progress’ ability to realize the expected benefits and anticipated synergies from acquired businesses; Progress’ ability to penetrate international markets and manage its international operations; changes in exchange rates; Progress’ ability to realize the expected benefits from its previously-announced restructuring actions; and the potential disruption to Progress’ business from those restructuring actions. Progress undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Progress’ business, please refer to Progress’ filings with the Securities and Exchange Commission.
Progress and Apama are trademarks or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.
