Monday November 20, 6:00 am Eastern Time
Industry Veterans Gregor Bailar and Ed Coleman Join Red Oak Software Board of Directors
MOUNTAIN LAKES, N.J.--(BUSINESS WIRE)--Nov. 20, 2000--Red Oak
Software (www.redoaksw.com) today announced that Gregor Bailar, EVP
and CIO for the National Association of Securities Dealers, Inc.
(NASD®) and Ed Coleman, President and CEO of CompuCom, have been
elected to the Board of Directors, expanding board membership to four.
Red Oak's announcement comes shortly after the General
Availability announcement of Red Oak's newest product, Legacy
Integrator (TM), the industry's most advanced data-stream emulation
product (www.redoaksw.com/news_pr2). Legacy Integrator enables all
terminal-based legacy applications to be easily and programmatically
integrated with any EAI or B2Bi infrastructure.
Mr. Bailar has overseen all aspects of information technology at
the NASD since his arrival in 1997, from Citicorp N.A., where he
served as Managing Director and Vice President of Advanced Development
for Global Corporate Banking. While there, he was responsible for
management of the overall technological direction, strategy and
expenditures for Citicorp's global corporate banking business.
Prior to this, Bailar was an associate with Perot Systems
Corporation in Dallas, Texas from 1993-1994; and President and CEO of
Trirex Systems, Inc., of Westport, Connecticut from 1992-1993. From
1988 through 1992, Bailar held several positions with NeXT Computer,
Inc., and he was Senior Systems Engineer with Hewlett Packard in Palo
Alto, California from 1985-1988. He received his degree in electrical
engineering and computer science from Dartmouth College.
Mr. Coleman, as President, CEO and member of the Board of
Directors, oversees CompuCom's strategic business initiatives and
overall corporate strategy. Bringing 25 years of industry expertise
successfully redirecting and leading organizations into new areas, he
is now leading CompuCom's transition to an infrastructure solutions
provider that optimizes e-business and enterprise applications.
Coleman joined CompuCom from Computer Sciences Corporation (CSC) in
Prior to CSC, Coleman led MTS, a systems integrator, and spent 17
years at IBM, including five years with IBM Credit Corporation, where
he led the national sales force, directed the used computer business
and served as VP and GM of Channel Financing. Mr. Coleman was
graduated with a degree in business administration from the College of
William and Mary, and holds an MBA from Indiana University.
``This is an exciting time for Red Oak, with the continued strong
market acceptance of our Stingray product, our recent introduction of
Legacy Integrator and the expectations for our new Web Integrator
products,'' said George Cummings, President and CEO of Red Oak. ``We are
honored that such seasoned and respected industry leaders as Gregor
and Ed share our assessment of the size of Red Oak's opportunity and
have agreed to enhance our day-to-day management efforts with their
counsel and perspective.''
Cummings concluded by noting, ``Red Oak is a dynamic, aggressive
company, yet we will succeed only when we are able to build strong and
enduring strategic relationships. The reputations and personal
relationships that Gregor and Ed bring to our board will be invaluable
in these efforts.''
About Red Oak Software, Inc.
Red Oak Software is a leading solutions provider for eBusiness
integration. A pioneer in both terminal-based and browser-based legacy
integration, Red Oak's Legacy Integrator(TM) and Web Integrator(TM)
eBusiness integration products enable large corporations to leverage
their investment in legacy systems and extend their reach to all
production applications critical to the future of eBusiness.
Red Oak Software is privately held and financed through private
investment and venture capital from Opticality Ventures of New York.
Red Oak is headquartered in Mountain Lakes, New Jersey, with
offices in Rochester, Charlotte, Chicago, Detroit and Los Angeles. For
additional information, contact Red Oak Software, Inc., 115 Route 46,
Suite F1000, Mountain Lakes, New Jersey 07046. Phone: 973-316-6064;
email: email@example.com; or visit the Web site at www.redoaksw.com.
The Red Oak Software logo, Red Oak Software, Stingray, Legacy
Integrator and Web Integrator are trademarks or registered trademarks
of Red Oak Software Inc. All other trademarks mentioned herein are the
property of their respective owners.
Red Oak Software, Inc.
Kevin J. P. Hanson, 336/882-3111