CUPERTINO, Calif., July 30, 2007 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides the fastest way to transform legacy applications into new Web-based business solutions, today announced that a member of the board of directors, Dr. Shelley A. Harrison, will take on the role of Chief Corporate Development Consultant, effective immediately.
In this role, Dr. Harrison will assist NetManage in its goal of establishing renewed and sustained growth in revenues and profits that improve shareholder value. Reporting directly to the CEO, Dr. Harrison will work with all members of the executive management team to steer various corporate development initiatives and lead the execution of product and market strategies. He will also consult on M&A and capital raising issues as well as supervise the company's business expansion activities in China.
Dr. Harrison, who has served as a director of NetManage since 1996, is currently Chairman of Harrison Enterprises Inc., a venture capital investment and management firm. Dr. Harrison has also held a number of executive positions at distinguished companies. He served as co-founder, first CEO and Chairman of Symbol Technologies Inc., which remains an innovator and world leader in bar code laser scanners and wireless data communications and was recently acquired by Motorola for $3.9 billion. In addition, Dr. Harrison was co-founder and Managing General Partner of the high-tech venture capital firm PolyVentures, I and II LP. He has also held Chairman and CEO positions at Spacehab Inc., developer and operator of habitable laboratory and logistics modules flown aboard the NASA shuttle fleet on 18 missions. Dr. Harrison was a Board Member of Safenet Inc. and acted as Chief of Corporate Development during the company's five year revenue growth from $16 million to $300 million, during which time he assisted in its acquisitions, fund raising and eventual recent sale for $640 million.
"Dr. Harrison's proven background of innovation, fundamental leadership and scrupulous strategic direction as board member, continue be a great asset to NetManage," said Zvi Alon, President and CEO of NetManage. "His proven record of success and expertise will be invaluable to NetManage as we plan for renewed and sustained future growth in the global market place."
Dr. Harrison holds a Ph.D. and a M.S. in Electrophysics from the Polytechnic Institute of Brooklyn, NY as well as a Bachelor of Science in Electrical Engineering from New York University. Additionally, Dr. Harrison is a member of numerous honor societies, trade and industry organizations, a technology advisor to governments, an author of books and technical publications and a holder of numerous patents.
About NetManage
NetManage, Inc. (Nasdaq:NETM) is a software company that provides the fastest way to transform legacy applications into new Web-based business solutions. More than 10,000 customers worldwide, including the majority of the Fortune 500, have chosen NetManage for mission critical application integration. For more information, visit www.netmanage.com.
NetManage, the NetManage logo, the lizard-in-the-box logo, Incremental SOA, OnWeb, Librados, RUMBA, ONESTEP, ViewNow, SupportNow, Chameleon and Chameleon design, are either trademarks or registered trademarks of NetManage, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners.
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This press release contains, in addition to historical information, forward-looking statements that involve risks and uncertainties, including statements regarding improvement in the Company's competitive position, improvement in financial results and business pipeline, the Company's positioning in its market, and the progress and benefits of the Company's execution on its business plan. The Company's actual results could differ materially from the results discussed in the forward-looking statements. The factors that could cause or contribute to such differences include, among others, that competitive pressures continue to increase, that the markets for the Company's products could grow more slowly than the Company or market analysts believe, that the Company is unable to integrate or take advantage of its acquisitions successfully, or that the Company will not be able to take advantage of growth in the Company's target markets. Additional information on these and other risk factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K, Forms 10-Q, Forms 8-K and other documents filed with the Securities and Exchange Commission.