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Technology Stocks : ROSS SYSTEMS a turnaround?

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To: Jim Malone who wrote ()5/17/2000 5:00:00 PM
From: bob zagorin   of 3067
 
Ross Systems Names J. Patrick Tinley President & CEO Dennis Vohs to retire as CEO on June 30, 2000

ATLANTA, May 17 /PRNewswire/ -- Ross Systems (Nasdaq: ROSS), a leading supplier of end-to-end enterprise management and e-business solutions for the process manufacturing, healthcare, and public sector markets, today announced that its Chairman and CEO, Dennis Vohs, will retire as CEO at the end of the company's fiscal year on June 30, 2000. J. Patrick (Pat) Tinley, has been selected as the new President and CEO. Mr. Tinley has over 22 years of experience in the software industry. During the last twelve months, he has successfully orchestrated the transition of the company to an e-Commerce solution provider.

"Pat has restructured the entire management organization to prepare for the drive into the B2B e-Commerce marketplace," said Dennis Vohs. "Pat has lead this process, built an excellent team and is the perfect executive to direct the company's efforts into this fast growing market. The new management team appointments include: proven senior executives in sales, marketing, consulting and development, as well as in our European and worldwide distribution operations."

"Dennis has been instrumental in the growth of Ross from a $17 million dollar company in 1989 to $102 million last fiscal year and positioned the company as a premier supplier of e-business solutions to our process manufacturing customers worldwide, in fourteen languages and delivered in over fifty countries." said Pat Tinley. "Dennis will continue to serve the company as Chairman and is looking forward to a well deserved change in the scope of his business activities."

Tinley also said, "We are excited and invigorated by the strong customer acceptance of our new Resynt e-Commerce product line. Over seven-hundred customers attended the annual RossWorld event in Atlanta last week and expressed strong demand for and interest in our e-commerce solutions."

Ross Systems, Inc. provides a family of solutions including our award winning iRenaissance, Internet-enabled, enterprise management applications and our Resynt e-business solutions for the process manufacturing, healthcare, and public sector markets. The Resynt eBusiness product family includes digital market place applications spanning procurement, sales, Internet trading exchange connectivity, collaboration and employee productivity. iRenaissance comprises a broad range of applications including financials, manufacturing, advanced planning, supply chain management, maintenance management, transportation management, materials management, and human resources/payroll. More than 3400 companies around the world use Ross Systems solutions in open systems environments including NT and UNIX. Ross Systems has more than 60 offices around the world to serve its customers. Ross Systems, Inc, Two Concourse Parkway, Suite 800, Atlanta, Georgia 30328, 770-351-9600, 1-877- ROSS-INC, www.rossinc.com .

SOURCE Ross Systems, Inc.

CO: Ross Systems, Inc.

ST: Georgia

IN: CPR MLM

SU: PER

05/17/2000 16:54 EDT prnewswire.com
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