To: Murrey Walker who wrote (12161 ) 4/11/2000 4:10:00 PM From: BRANDYBGOOD Read Replies (1) | Respond to of 35685
ETEK-beats estimates by .04. (REUTERS) E-TEK <ETEK.O> Q3 PRO FORMA DIL SHR $0.24 VS $0.14 E-TEK <ETEK.O> Q3 PRO FORMA DIL SHR $0.24 VS $0.14 REUTERS *** end of story *** (BSNS WIRE) Daniel F. Gillis Named Chairman of the Board of SAGA SYSTEMS, I Daniel F. Gillis Named Chairman of the Board of SAGA SYSTEMS, Inc. Business Editors/Hi-Tech Writers RESTON, Va.--(BUSINESS WIRE)--April 11, 2000--SAGA SYSTEMS, Inc., (NYSE:AGS), the parent company of SAGA SOFTWARE, Inc., announced today that CEO and President Daniel F. Gillis has assumed the additional role of Chairman of the Board of the company. Gillis will continue to serve as the President and CEO. Gillis started his career with IBM in 1972 and later held senior management positions at Exxon Office Systems, WANG and Falcon Microsystems before joining the company in January of 1995. In March of 1997, Gillis led the company's buyout from its former parent company, Software AG of Darmstadt, Germany. Subsequently, in November of 1997, Gillis led SAGA's initial public offering. Gillis replaces Carl J. Rickertsen. Rickertsen is a partner in Thayer Capital Partners, a private equity investment firm based in Washington, DC. In March of 1997, Thayer Capital made a large investment in SAGA, and Rickertsen has served as Chairman of the Board since that time. Rickertsen will remain a director of the company. "I am honored to be named Chairman of the Board," stated Gillis. "I want to thank Rick Rickertsen for his outstanding leadership, and for the mutually rewarding relationship held by Thayer and SAGA that has helped SAGA to achieve its many accomplishments over the past 3 years." "Through his exceptional leadership of the company, building a strong management team and a leading e-business integration product in Sagavista, Dan has truly earned his role," stated Rickertsen. "Dan is a tremendous executive with unlimited potential." About SAGA SYSTEMS, Inc. SAGA SYSTEMS, Inc. (NYSE: AGS) is the parent company of Reston, Virginia-based SAGA SOFTWARE, Inc. (SAGA(TM)), which offers a full suite of e-business integration and enterprise systems software that extends and supports billions of mission critical transactions daily for some of the world's largest organizations. SAGA's products and services leverage existing IT investments by connecting a customer's legacy and packaged applications with the newest e-business processes and applications, enabling its customers to free their information from the heart of the enterprise to the desktop. For further information, please visit the Company's Web Site at www.sagasoftware.com. About Thayer Capital Partners Thayer Capital Partners is a private equity investment firm that controls positions in 14 operating companies with a total revenue of more than $2.1 billion. Providing entrepreneurial perspective and expertise in building companies through consolidation, Thayer Capital Partners manages private equity funds focused on generating superior equity returns through acquisitions of, or ventures with, companies in a variety of targeted industries including information technology, travel and leisure, electronics and outsourced manufacturing and services. --30--des/ph* CONTACT: SAGA SOFTWARE, Inc. Dawn Orr, 703/391-6589 ags@sagasoftware.com or SAGA SOFTWARE, Inc. Katy Wilson, 703/391-6778 Katy.Wilson@sagasoftware.com or www.sagasoftware.com KEYWORD: VIRGINIA INDUSTRY KEYWORD: SOFTWARE E-COMMERCE INTERNET PRODUCT MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire .