Angelo's back...when can we start shorting this new company ???
( BW)(CASCADE-SYSTEMS) Cascade Systems Inc Names New Chief Executive Officer
and President
Business/Technology Editors
ANDOVER, Mass.--(BUSINESS WIRE)--Jan. 11, 1999--Cascade Systems Inc., a leader in content
and workflow management solutions for publishers, has appointed Robert Angelo to the position of
President and Chief Executive Officer. As of January 1st 1999, Angelo will be responsible for all facets of
the company's business worldwide.
Prior to joining Cascade, Angelo was Founder, CEO and Chairman of the Board of SystemSoft
Corporation, a developer of software and firmware technologies that were licensed to the leading PC and
hardware manufacturers. During his 9 year tenure at SystemSoft, he led the company from inception
through a successful IPO, generating 32 consecutive quarters of solid revenue growth.
Previously, Angelo served as VP of Marketing, VP of Engineering and COO at Phoenix Technologies, and
Director of Worldwide Marketing at Cullinet Software. His background also includes executive positions in
engineering and marketing at Acorn Computer and at Honeywell Information Systems.
Malcolm McGrory, formerly President and CEO of Cascade, will assume the position of Vice-Chairman of
the Board and Executive Vice President, reporting to Angelo and the Board of Directors. McGrory's
primary responsibilities will be to accelerate growth in the company's existing markets, as well as to build
new strategic relationships and opportunities for Cascade's future expansion. "Over the course of this year
we have recruited Steve Jacob to head up Cascade's European operations, Kevin O'Haire as Executive
Vice President of Sales and Marketing, and Frank Winters as Vice President of Services. Now with the
addition of Bob, we clearly have the strength at the executive management level to ensure our success in the
future," said McGrory.
Cascade has been on a deliberate course to build its professional
organization with the highest caliber executives in support of the company's aggressive goals for growth.
"With his extensive experience laying out strategies to drive the growth and development of high tech
companies, we are confident that Bob is capable of taking the company to much higher levels of
performance," said Christopher Greendale, Chairman of the Board of Cascade Systems Inc. "Malcolm will
continue to be a pivotal player in the company's development. With his in-depth knowledge of the products
and markets, as well as his numerous industry relationships, he will contribute directly to Cascade's growth
in existing and new markets," said Greendale.
"The combination of experienced staff, solid technology, and an impressive customer base ideally positions
Cascade to capitalize on the rapidly-growing market for publishing solutions. The company is now poised
to realize its full potential," said Angelo."Our challenge, as a management team, is to
create a very focused strategic plan that allows us to leverage our historical success in the publishing
market, improve our profitability and drive our growth by delivering innovative solutions that meet our
customers' specific needs."
Founded in 1994, Cascade Systems Inc. designs, develops, markets and supports workflow and content
management software solutions for newspapers, magazine and book publishers, commercial printers,
retailers and corporate publishers. Headquartered in Andover, Massachusetts, the company also has a
European office in London, England. For more information call 978/749-7000,
or in the UK call 0171 536 7980 or visit the company Web site at
www.cascadenet.com.
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