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Technology Stocks : Safeguard Scientifics SFE

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To: Tom Bunge who wrote (2924)5/24/1999 9:46:00 AM
From: Capt  Read Replies (1) of 4467
 
Jeffrey Scott Jones, President Of Reuters Web Development And Operations Group Inc., Joins Management Team At aligne, Inc.
WAYNE, Pa., May 24 /PRNewswire/ -- Safeguard Scientifics, Inc. (NYSE: SFE - news), a developer and operator of Internet technology companies, announced today that Jeffrey Scott Jones has joined aligne, Inc. as a principal. aligne is a strategic technology management consulting firm in which Safeguard holds an 80% fully diluted ownership interest.

Previously, Jeffrey served as president of Reuters' Web Development and Operations Group Inc., a subsidiary of Reuters America Inc. where he managed the development and operations of professional Internet technology-based products for the financial services industry. Under his leadership, Reuters' Web Development and Operations Group was responsible for the development and operation of several Internet sites including www.moneynet.com, www.suretrade.com, and www.internet-quotron.com. Prior to that Jeffrey was senior vice president, engineering and online operations at Realty Online, Inc. While there he oversaw product development and operations including Internet and Windows product development, market data host development, and online network and host systems operations.

Harry Wallaesa, aligne chairman and Safeguard president and COO, commented, ''Jeffrey's in-depth Internet product and services expertise will add technological depth to aligne's consulting practice. As a principal in aligne, Jeffrey will also be a valuable resource to Safeguard's partnership companies, particularly those that are involved in Internet content development and business-to-business eCommerce. We welcome Jeffrey to aligne and to Safeguard.''

Prior to his employment at Reuters, Jeffrey held positions at Independence Blue Cross (IBC), General Electric Aerospace, Alliant Computer Systems and MASSCOMP, where he was responsible for the design, development and implementation of innovative software systems. Jeffrey's accomplishments include the development of IBC's object-oriented software and electronic commerce software, the establishment of GE Aerospace's open distributed systems strategy, the development of Alliant's multiprocessing UNIX operating system, and MASSCOMP's supporting systems software for a high performance 3D graphics engine.

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