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INDUSTRY VETERANS GREGOR BAILAR AND ED COLEMAN JOIN RED OAK SOFTWARE BOARD OF DIRECTORS
November 20, 2000 - MOUNTAIN LAKES, NJ; Red Oak
Software today announced that Gregor Bailar, EVP and CIO for the
National Association of Securities Dealers, Inc. (NASD®) and Ed
Coleman, President and CEO of CompuCom, have been elected to the Board
of Directors, expanding board membership to four.
announcement comes shortly after the General Availability announcement
of Red Oak's newest product, Legacy IntegratorTM, the industry's most
advanced data-stream emulation product. Legacy Integrator enables all
terminal-based legacy applications to be easily and programmatically
integrated with any EAI or B2Bi infrastructure.
Mr. Bailar has
overseen all aspects of information technology at the NASD since his
arrival in 1997, from Citicorp N.A., where he served as Managing
Director and Vice President of Advanced Development for Global Corporate
Banking. While there, he was responsible for management of the overall
technological direction, strategy and expenditures for Citicorp's global
corporate banking business.
Prior to this, Bailar was an
associate with Perot Systems Corporation in Dallas, Texas from
1993-1994; and President and CEO of Trirex Systems, Inc., of Westport,
Connecticut from 1992-1993. From 1988 through 1992, Bailar held several
positions with NeXT Computer, Inc., and he was Senior Systems Engineer
with Hewlett Packard in Palo Alto, California from 1985-1988. He
received his degree in electrical engineering and computer science from
Mr. Coleman, as President, CEO and member of
the Board of Directors, oversees CompuCom's strategic business
initiatives and overall corporate strategy. Bringing 25 years of
industry expertise successfully redirecting and leading organizations
into new areas, he is now leading CompuCom's transition to an
infrastructure solutions provider that optimizes e-business and
enterprise applications. Coleman joined CompuCom from Computer Sciences
Corporation (CSC) in 1999
Prior to CSC, Coleman led MTS, a
systems integrator, and spent 17 years at IBM, including five years with
IBM Credit Corporation, where he led the national sales force, directed
the used computer business and served as VP and GM of Channel Financing.
Mr. Coleman was graduated with a degree in business administration from
the College of William and Mary, and holds an MBA from Indiana
"This is an exciting time for Red Oak, with the
continued strong market acceptance of our Stingray product, our recent
introduction of Legacy Integrator and the expectations for our new Web
Integrator products," said George Cummings, President and CEO of Red
Oak. "We are honored that such seasoned and respected industry leaders
as Gregor and Ed share our assessment of the size of Red Oak's
opportunity and have agreed to enhance our day-to-day management efforts
with their counsel and perspective."
Cummings concluded by
noting, "Red Oak is a dynamic, aggressive company, yet we will succeed
only when we are able to build strong and enduring strategic
relationships. The reputations and personal relationships that Gregor
and Ed bring to our board will be invaluable in these efforts."
About Red Oak Software, Inc.
Red Oak Software is the
leading solutions provider for Legacy and Web eBusiness integration. A
pioneer in both terminal-based and browser-based legacy integration, Red
Oak's new Legacy Integrator and Web Integrator products
enable large corporations to leverage their investment in legacy and
production web-based systems and extend their reach to all production
applications critical to the future of eBusiness.
Red Oak Software is
privately held and financed through private investment and venture
capital from Opticality Ventures of New York.
Red Oak is
headquartered in Mountain Lakes, New Jersey, with offices in Rochester,
Charlotte, Chicago, Detroit and Los Angeles. For additional information,
contact Red Oak Software, Inc., 115 Route 46, Suite F1000, Mountain
Lakes, New Jersey 07046. Phone: 973-316-6064; email: firstname.lastname@example.org;
or visit the Web site at www.redoaksw.com.
Oak Software logo, Red Oak Software, Legacy Integrator and Web
Integrator are trademarks or registered trademarks of Red Oak Software
Inc. All other trademarks mentioned herein are the property of their
Red Oak Software, Inc.
Kevin J. P. Hanson
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