TORONTO, Dec. 21 /CNW/ - Angoss Software Corporation (Angoss) (TSX-V: ANC) today announced important changes with respect to its Board of Directors and senior management team.
Effective immediately Martin Galligan joins the Angoss board. Martin is an accomplished executive with a successful career in the information and communications industry stretching over twenty-five years. His experience encompasses sales and marketing responsibilities at all levels for a major information and communications technology firm, as well as the provision of consulting services focused on market growth initiatives.
Eric Apps is stepping down as President and CEO of Angoss. Under the twelve years of Eric's leadership, Angoss has become a recognized leader with respect to predictive analytics software and solutions. Predictive analytics is an area of growing interest and excitement to more and more business and industry sectors. The great strength of Angoss in this field lies in its people and the knowledge they possess.
The Board of Directors has appointed Martin Galligan President and CEO of Angoss. Angoss is currently settling the terms of employment with Mr. Galligan which are subject to definitive documentation. It is anticipated that Mr. Galligan will have the right to invest $185,000 in the Company pursuant to a private placement, and to receive shares of the Company in satisfaction of a signing bonus, all of which are on terms and conditions to be determined and are subject to regulatory approval. Martin will bring to the role his experience in building and managing growing sales organizations, and is expected to execute an aggressive but focused marketing and sales plan.
Change and transition are always challenging. The Board of Directors, recognizing both the difficulty and the necessity of these changes, is enthusiastic about the opportunities that await Angoss.
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 does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law.
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.
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