HUNTSVILLE, Ala., Aug. 12, 2008 (PRIME NEWSWIRE) -- Mobular Technologies, Inc. ("Mobular" or the "Company") announced today that Scott McFarland will join the Company as President, reporting to Allen Dillard, Chairman and Chief Executive Officer.
McFarland has over 20 years of experience leading high growth organizations, and served most recently as the CEO of Awarix, a healthcare technology company acquired by McKesson Corporation in 2007. As President, McFarland will lead product strategy and oversee the Company's sales and marketing efforts, focusing on development and delivery of solutions to the financial services markets.
"I'm excited to be joining Mobular at this important juncture. The financial services industry is experiencing a transformation in the average investor's demand for greater transparency, easier information distribution and improved communications with advisors, brokers and managers. Mobular is perfectly positioned to bring its technology strengths and experience in web-based communications to bear in this evolving environment. I'm looking forward to providing our customers -- some of the top service providers in the industry -- with innovative and efficient solutions for their investor communications challenges," stated McFarland.
"We are really excited to add someone with such extensive experience in developing high growth technology sales organizations," said Dillard. "Scott's expertise will help us leverage our strengths to accelerate growth in this very dynamic market."
Mobular also announced that it has secured new strategic financing from Southeastern Technology Fund in Huntsville, Alabama for sales and marketing activities, advanced technology development and client expansion.
"This is an important development in enhancing, strengthening and expanding our financial services offerings to address the challenges of investor and shareholder communications," stated Dillard. "This investment recognizes our progress in delivering cost reductions, improved efficiencies and increased investor satisfaction with our solutions."
About Mobular Technologies, Inc.:
Mobular Technologies provides innovative technologies for online communication and fulfillment solutions in the financial services and eCommerce markets. The Mobular platform is a suite of integrated server- and client-technologies that work in tandem to mobilize both structured and unstructured data, automating the online delivery of communications and fulfillment actions and enhancing traditional print processes. Since 2001, leading global organizations have depended on Mobular to deliver business-critical information in a more cost-effective, timely and efficient manner.
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