KING OF PRUSSIA, Pa., Dec. 3, 2002 (PRIMEZONE) -- Neoware Systems, Inc. (Nasdaq:NWRE), the leading supplier of award-winning software, services, and solutions for the Appliance Computing market, today announced that Eric Rubino, former Chief Operating Officer for SAP America, has agreed to join the Company as Chief Operating Officer, reporting to Michael Kantrowitz, the Company's Chairman, President, and CEO.
"Neoware is growing significantly in revenue and scope, and is an acknowledged leader in the Appliance Computing market," said Mr. Kantrowitz. "Now is the time to bring on board a highly talented operations executive to help manage our growth worldwide. Eric's deep industry experience and strong operational credentials make him a valuable asset to the Neoware team. It is a testament to Neoware's success that we are able to attract an individual with Eric's background to the Company, and I am delighted to welcome him to Neoware."
At SAP, Mr. Rubino managed a wide range of operational departments, including the small and medium business channel, customer support, new business development, information technology, legal, contracts, application hosting, strategic alliances, purchasing, facilities, and risk management. A member of SAP's senior management team since 1991, he contributed to SAP America's growth during that period from approximately $10 million to more than $3 billion in revenue. Mr. Rubino's responsibilities included defining the company's policies concerning worldwide pricing, risk management, and mergers and acquisitions. He also had primary responsibility for the company's entire infrastructure and support services for SAP's Americas region. At Neoware, Mr. Rubino will be responsible for operations, customer services, engineering, product marketing, information technology, administration, and human resources.
"Neoware is poised for success with a leadership position in a fast growing market, a clear and differentiated vision, a strong product offering and a world-class customer list," commented Mr. Rubino. "I look forward to working with the Neoware team to help lead this Company to new levels of achievement."
Prior to joining SAP, Mr. Rubino served in a variety of management positions in contracts and finance with RCA Corporation, General Electric and Bell Atlantic Business System Services, and he holds a J.D., an MBA in Finance, and a B.S. in Marketing.
About Neoware
Neoware provides software, services, and solutions to enable Appliance Computing, a new Internet-based computing architecture targeted at business customers that is designed to be simpler and easier than traditional PC-based computing. Neoware's software and management tools power and manage a new generation of smart computing appliances that utilize the benefits of open, industry-standard technologies to create new alternatives to personal computers used in business and a wide variety of proprietary business devices.
Neoware's products are designed to run local applications for specific vertical markets, plus allow access across a network to multi-user Windows servers, Linux servers, mainframes, minicomputers, and the Internet. Computing appliances that run and are managed by Neoware's software offer the cost benefits of industry-standard hardware and software, easier installation, and have lower up-front and administrative costs than proprietary or PC-based alternatives.
More information about Neoware can be found on the Web at www.neoware.com or via email at invest@neoware.com. Neoware is based in King of Prussia, PA.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding: our expectations regarding our significant growth in revenue and scope; our anticipated future success and new levels of achievement; Mr. Rubino's ability to help manage our growth worldwide; our fast growing market; our strong product offering and world-class customer list; our position as the leading supplier of software, products, services and solutions for the Appliance Computing market; the benefits of our business model; and our competitive advantage. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our Appliance Computing products, NCD's creditworthiness as a distributor of our products in Europe, pricing pressures, rapid technological changes in the industry, growth of the Appliance Computing market, increased competition, our ability to attract and retain qualified personnel, including Mr. Rubino, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events. These and other risks are detailed from time to time in Neoware's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its report on Form 10-K for its fiscal year ended June 30, 2002.
Neoware is a registered trademark of Neoware Systems, Inc. All other names products and services are trademarks or registered trademarks of their respective holders.