MEMCO Software Hires Senior Cisco Executive As CEO of U.S. Subsidiary
NEW YORK--(BUSINESS WIRE)--Oct. 22, 1997--MEMCO Software Ltd. (Nasdaq:
MEMCF), a leading provider of information security software solutions,
announced today that Gadi Maier, who has held senior management
positions at Cisco Systems, Inc. and Oracle Corporation, has joined the
company as CEO of MEMCO Software, Inc., the U.S. subsidiary of MEMCO
Software Ltd. Mr. Maier will be responsible for directing the company's
operations in North America, reporting to Chairman and CEO Israel Mazin.
Mr. Maier will be working closely with Eli Singer, President of MEMCO
Software, Inc.
In announcing his appointment, MEMCO Chairman Israel Mazin said, ''as
you look at Gadi's extensive management accomplishments, you see that he
has always been instrumental in the success of companies that have
achieved the leadership position in their respective markets. We are
excited to have someone with his track record and management expertise
who can ensure that as MEMCO continues growing, our future will be as
successful as has been our past.''
''MEMCO has achieved exceptional success with outstanding products in a
very short time,'' Mr. Maier noted, ''which is due primarily to MEMCO's
absolute commitment to the customers' success. I look forward to joining
a company that is so well positioned in the high-growth market of
security for distributed computing.''
In his most recent position, Gadi Maier was VP/GM of the Internet
Business Unit at Cisco Systems Inc, where he successfully integrated
three company acquisitions into a profitable and fast growing business
unit. He joined Cisco in June 1996 from Oracle Corporation, where he
held such positions as VP of Worldwide Sales and Operations for the
Network Computer division and VP/GM of the New Technologies Division.
Earlier in his career Mr. Maier was the Founder and Managing Director of
Oracle Japan -- today considered one of the most successful U.S.
computer companies in Japan. From 1983-1987, he held senior management
positions at Dysan/Xidex Corporation in the U.S., Europe and
Australasia.
Gadi Maier received an MBA in Marketing and Finance and a BS in
Economics from the University of California, Berkeley.
About MEMCO Software
MEMCO Software Ltd. (Nasdaq:MEMCF) is a leading provider of information
security solutions for distributed computing environments. MEMCO's
flagship software product, SeOS (Security for Open Systems), provides
access control security for Unix and Windows NT servers. MEMCO addresses
the single sign-on market with its Proxima product suite which automates
user logins and centralizes user account management. The company's
customers include leaders in finance, telecommunications and other
industries where information security is critical. MEMCO successfully
partners with many of the world's largest software companies, systems
integrators and value-added resellers, including a strategic OEM
relationship with Tivoli Systems Incorporated, an IBM company. MEMCO's
headquarters are located in Tel Aviv, Israel and New York City. For more
information, please visit the company's Web site at memco.com
.
1997 MEMCO Software Ltd. MEMCO, SeOS Access Control, SeOS Security
Administrator, Proxima SSO, Proxima Manager and SeOS Secured! are
proprietary trademarks of MEMCO Software Ltd. All other product names
mentioned herein are trademarks of their respective owners.
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Contact:
MEMCO Software Inc.
Kathleen Hill
212/891-9620 or 800/862-2602
kathyh@memco.com
or
A. Lavin Communications
Andrew Lavin
212/354-2266
alavincom@aol.com
or
Lippert Heilshorn
Jodi Burfening
212/838-3777
jody@lhai.com |
