TORONTO, Dec. 24 /CNW/ - Angoss Software Corporation (TSX-V: ANC), a
leading provider of software and solutions in data, predictive
analytics, and marketing, provides further information about the new
President, the newly appointment CTO, a further private placement and
the grant of options.
On December 21, 2010, the Board of Directors of Angoss Software
Corporation was delighted to announce the appointment of Martin
Galligan as the Company's President and CEO. The Board believes the
combination of Martin's proven sales track record and marketing skills
combined with the strength of Angoss technology and people will
significantly advance the presence of the Company within the key market
sectors it serves.
Martin's career encompasses sales and marketing leadership in both the
information and communications technology and management consulting
industries. Immediately prior to joining Angoss, Mr. Galligan headed
his own sales & marketing consultancy firm which provided the
development and execution of marketing and sales programs. Mr.
Galligan's recent work includes an extensive engagement with Canada's
Olympic Broadcast Media Consortium where he was instrumental in
developing and implementing the Believe campaign for the Vancouver 2010
Winter Olympic Games. Previous to establishing The Galligan Group in
2008, Mr. Galligan served as President, MarketBridge Consulting Canada
and Group Vice President at MarketBridge Corporation, a leading global
provider of technology-enabled sales and marketing solutions and
services for Fortune 1000 companies. At MarketBridge, Mr. Galligan led
several strategic multi-channel growth initiatives with global clients
in the high tech, pharmaceutical, manufacturing, and telecommunications
industries. Before joining MarketBridge, Mr. Galligan served in a
variety of senior executive roles in sales, marketing and finance at
Xerox Corporation. During his near twenty year tenure at Xerox, Mr.
Galligan held successive senior management positions including Vice
President & General Manager, North American TeleWeb Sales Channel, Vice
President, Marketing & Sales Operations, and Managing Partner, Sales
for the Toronto East District. While at Xerox his sales leadership was
recognized with numerous awards, including 15 Xerox President Club
awards for sales excellence. In 1998, Mr. Galligan was promoted to the
Canadian Executive team and in 1999 was made an officer for Xerox
"I believe that Angoss is well positioned for growth and is supported by
a world class team dedicated to solving the business problems of our
customers. Perhaps our best kept secret is the coveted list of blue
chip clients that we have the privilege to work with" said Martin and
his belief in the Company and its future was expressed by his
commitment to purchase from treasury, through a private placement,
435,295 common shares of the Company at $0.425 per share. His signing
bonus of $185,000 will be satisfied by the issue from treasury of
435,295 common shares at $0.425 per share. Both transactions are
subject to final documentation and are subject to regulatory approval.
Dr. Ian Scott
Mr. Galligan today announced that he has promoted Dr. Ian Scott to the
position of Chief Technology Officer and an officer of Angoss. "Ian
has demonstrated exceptional thought leadership and he understands the
solution space in which Angoss is a recognized leader and we expect him
to take Angoss into new and exciting areas using our existing
solutions", said Mr. Galligan. Prior to this appointment, Dr. Scott
was the VP Consulting for North America. In this role, he built a
practice specializing in providing innovative analytical solutions to
complex business problems. Dr. Scott has been instrumental in
developing a Software as a Service business model that emphasizes the
delivery of actionable results to business users.
Dr. Scott has been heavily involved in Angoss' SalesForce.com plug-in,
as well as spearheading the development of the FundGuard mutual fund
sales optimization solution. FundGuard has been deployed successfully
at many global mutual fund companies representing over a trillion
dollars in combined asset, and is the recognized market leader in
mutual fund sales optimization. Another focus area for Dr. Scott is
ClaimGuard, an insurance claims and payment analytics solution that has
already been successfully deployed at several major North American
health insurers. In his new role Dr. Scott will focus on moving the
already proven solution technology to new verticals as well as
developing new solutions based on client needs.
Prior to joining Angoss in 2000, Dr. Scott conducted quantitative risk
assessment for UBS and also worked for CFM, a Paris-based hedge fund.
During his academic career he was a faculty member at the University of
Wisconsin, Madison. He also held research positions at the CERN
Nuclear Research Facility (Switzerland), and at the Stanford Linear
Accelerator Facility (California). Dr. Scott holds a Ph.D. in Physics
from Harvard and a B.Sc. from McGill.
Lon Vining today announced that several Board members, officers and
certain employees have also indicated that they will be joining Mr.
Galligan in his personal commitment to invest in Angoss by themselves
investing up to a further $300,000 to buy up to 705,000 common shares
at $0.425 per share. This newly announced transaction is subject to
final documentation and is subject to regulatory approval.
Mr. Vining today also announced that the Corporation has granted a
further 300,000 options to acquire 300,000 common shares of the Company
at $0.425 per common share to officers (180,000) and employees
(120,000) of the Company.
About Angoss Software Corporation
Headquartered in Toronto, Canada, with operations in the U.S., and U.K,
Angoss helps clients grow revenues and reduce risk using powerful
predictive analytics and data mining software that unlock actionable
knowledge from customer data. Angoss increases the intelligence of
marketing, sales, and risk activities for some of the world's largest
financial services, telecom and technology companies including HSBC,
Citigroup, JP Morgan Chase, GE Money, Vodaphone, T-Mobile, and in
Canada, RBC, Bell Canada, Rogers Communications, and CT Financial.
Angoss helps these and other companies discover patterns amongst
customer activity, predict the impact of their marketing, sales and
risk strategies, and act on this insight with actionable, predictive
rules that generate improved business performance. Angoss is listed on
the Toronto Venture Exchange under the symbol "ANC" and has been
operating since 1984. For more information regarding Angoss Software
Corporation, visit www.angoss.com.
This press release contains statements of a forward-looking nature.
These statements are made under the "safe harbor" provisions of the
U.S. Private Securities Litigation Reform Act of 1995. The accuracy of
these statements may be impacted by a number of business risks and
uncertainties that could cause actual results to differ materially from
those projected or anticipated, including: the risk that the sale of
our products and services involves a long sales cycle; the risk that
the economic environment and business conditions will remain difficult
to predict; the risk of competition in our target markets; the risk
that we may not respond adequately to evolving technologies; the risk
that we or our customers may have difficulties in introducing our
products or services; the risk that we will encounter difficulties in
continuing to offer services; the risk that we will encounter
difficulties in integrating the operations of acquired companies with
our own; the risks of conducting our operations in a variety of
international locations; the risk that we may need to record future
write-downs of assets arising from our investments in other companies;
the risks relating to the costs that we may incur as a result of
litigation against us; and other risks described in our filings with
securities regulatory authorities, including our annual reports,
interim financial statements and similar disclosure documents. Angoss
Software Corporation does not undertake any obligation to update this
forward-looking information after the date of its initial publication,
except as required under applicable law. Sapien Information Services
Corporation is not affiliated with Sapien Canada Inc. of Toronto,
Ontario or Sapient Corporation of Boston, Massachusetts.
Note: Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Angoss Software Corporation
For further information: For further information:
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