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8-K - FORM 8-K - PROGRESS SOFTWARE CORP /MA | b87271e8vk.htm |
Exhibit 99.1
PRESS
ANNOUNCEMENT
CONTACT:
Investor Relations:
Tom Barth
+1 (781) 280-4135
tobarth@progress.com
Tom Barth
+1 (781) 280-4135
tobarth@progress.com
Press Relations:
John Stewart
+1 (781) 280-4101
progress@lewispr.com
John Stewart
+1 (781) 280-4101
progress@lewispr.com
Progress Software Expands Board of Directors and Appoints Philip M. Pead, Former
Eclipsys Corporation President and Chief Executive Officer
Eclipsys Corporation President and Chief Executive Officer
BEDFORD,
MA, July 13, 2011 (BUSINESSWIRE) Progress Software
Corporation (NASDAQ: PRGS), a leading software provider that
enables enterprises to be operationally responsive today announced
the appointment of Philip M. Pead to the companys Board of Directors effective immediately. Mr.
Peads appointment expands the Progress Software Board of Directors to seven members.
As someone who has helped build shareholder value throughout his career, Phil has a wealth of
experience and attributes that will enable him to make an immediate impact as part of the Progress
Board, said Richard D. Reidy, President and Chief Executive Officer.
Mr. Pead,
age 58, is currently the Chairman of the Board of Directors of Allscripts Health
Solutions (NASDAQ: MDRX), a leading health care information technology company with more than 5,500
employees and revenues of approximately $1.2 billion. Mr. Pead was formerly the President and
Chief Executive Officer of Eclipsys Corporation, a leading provider of enterprise clinical and
financial software for hospitals. Eclipsys was merged with Allscripts in August of 2010.
Mr. Pead has over twenty-five years experience in the software industry, working in executive roles
in several publicly and privately held companies, including Per-Se Technologies, Dun & Bradstreet
Corporation and Attachmate Corporation.
In addition to Progress Software and Allscripts Health Solutions, Mr. Pead currently serves on the
board of directors of publicly-traded Emdeon Inc. (NYSE: EM).
Progress Software is well-positioned as an industry leader with its RPM offerings. This, along
with a strong financial position, large customer base and strong leadership team, make the company
a significant competitor, Pead said. I look forward to working with Progress Software and
contributing to its ongoing success and growth.
Mr. Pead received a Bachelor of Science degree in Economics from the University of London and a
Business Administration diploma from Harrow College of Technology.
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 Software
maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost
of ownership. Progress Software can be reached at
www.progress.com or +1-781-280-4000.
END