Activant Names Kathy Crusco As New Chief Financial Officer
Company Hires Technology Industry Executive to Lead the Company’s
Financial Operations
LIVERMORE, CA, May 8, 2007 - Activant Solutions Inc., a leading provider of vertical business management solutions, today announced that Kathy Crusco has joined the company as senior vice president and chief financial officer. Kathy brings over 20 years of experience in a variety of financial roles within the technology industry. Her experience in growing companies organically and through mergers and acquisitions are a fitting match for Activant’s growth plans.
“Activant has identified key industries for growth and expansion, and we need a solid executive to lead the company’s financial operations as we break into these new markets,” said Pervez Qureshi, CEO of Activant Solutions. “Kathy’s deep understanding of the technology industry, management of large companies and the complexities of acquisition and integration make her a great fit for Activant’s diverse financial needs.”
Prior to joining Activant, Kathy served as vice president, Worldwide Finance for Polycom Inc. where she managed the global finance function, tax, strategic investments and mergers, acquisitions and integration. Before becoming vice president, Worldwide Finance, Kathy served as Polycom’s vice president, Worldwide Controller and chief accounting officer. In this role, Kathy was responsible for the worldwide accounting organization, tax, regulatory reporting and revenue operations. Before Polycom, Kathy served as vice president of finance and accounting for Documentum Inc.
At Documentum, Kathy was responsible for worldwide accounting, financial planning and analysis, regulatory reporting and revenue operations. Kathy also served as the director of finance for Adaptec. Kathy began her career with Price Waterhouse LLP spending ten years serving the audit needs of high technology companies such as Applied Materials, KLA and Adaptec.
About Activant Solutions
Activant Solutions Inc. (“Activant”) is a leading technology provider of vertical business management solutions serving small and medium-sized retail and wholesale distribution businesses. The company serves three primary vertical markets: automotive aftermarket; hardlines and lumber; and wholesale distribution.
Founded in 1972, Activant provides customers with tailored proprietary software, professional services, content, supply chain connectivity, and analytics. More than 30,000 customer locations use an Activant solution to manage their day-to-day operations.
Activant has operations in California, Colorado, Connecticut, Illinois, New Jersey, Pennsylvania, South Carolina, Texas, Utah, Canada, France, Ireland, and the United Kingdom. For more information, please visit www.activant.com.
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This announcement relating to Activant may contain statements that are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, such as statements concerning trends, future technology or products, or Activant’s execution. These statements are based on current expectations and are subject to risks and uncertainties which could materially affect the company’s results, including, without limitation, market demand for products and technology, the company’s ability to meet that market demand, the integration of Activant’s technology and products with technology and products supplied by others, and to successfully and effectively recognize, develop and deploy products that address market requirements, the integration of Activant’s products into the businesses of its customers, customer acceptance of Activant’s products, and the retention and deployment of skilled Activant employees and service providers. Except to the extent required by applicable securities laws, we undertake no obligation to update or publicly revise any of the forward-looking statements. Please refer to our quarterly report filed under Form 10-Q for the quarter ended December 31, 2006, and the Prospectus filed under Amendment No. 1 to Form S-4 on January 12, 2007, both of which have been filed with the Securities and Exchange Commission and can be found through the Activant investor relations website at www.activant.com/company/investors for a full discussion of the risks and other factors.
Activant and the Activant stylized logo design are registered trademarks, and Activant Vision and Vision are trademarks of Activant Solutions Inc. All other trademarks are the property of their respective owner.
Press Contact:
Jane Gideon,
Incendio International for Activant Solutions
Tel: 415-293-8259 jane@incendiopr.com
Information
Corporate and General PR
Jane Gideon
Incendio International jane@incendiopr.com
(415) 293-8259
Automotive
Drew Shippy
Pinnacle Communication Group, Inc. drew@pinnmedia.com
(330) 688-3500
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