BASEL, Switzerland and NEWPORT BEACH, Calif., April 28, 2009 (GLOBE NEWSWIRE) -- Day Software (SIX:DAYN) (OTCQX:DYIHY), a leading provider of content management and content infrastructure software, today announced the nominations of Barry Bycoff and David Arnott to the Board of Directors of Day Software. Elections for both nominees will be held on May 19, 2009 at Day's Annual Shareholder meeting in Basel, Switzerland.
Barry Bycoff brings over 25 years of experience in the computer and software industry to Day Software. Bycoff is currently Executive Chairman at Progress Software (Nasdaq:PRGS), a leading supplier of application infrastructure software with revenue of $516M in FY2008 where he has served on the Board of Directors since March 2007. In his role as Executive Chairman, Bycoff is responsible for directing Progress Software's corporate strategy and growth initiatives. Prior to his role as Executive Chairman, Bycoff was Venture Partner at Pequot Ventures, where he worked with portfolio companies on their operations and investment decisions and drove the $310M acquisition in 2007 by eBay of StubHub, a leading online marketplace for the resale of event tickets.
Bycoff brings to Day's board demonstrated ability to build companies into highly profitable market leaders. In 1996, he founded Netegrity and created a new product category for enterprise security software. As Chairman, CEO and President, Barry directed the company's growth from publicly held start up to one of the fastest growing software companies in the industry with a dominant market share and revenues of close to $100 million when the company was acquired by Computer Associates for approximately $450 million at the end of November 2004.
Bycoff's history with Netegrity dates back to 1993, when he became CEO of Software Developer's Corporation (SDC), a distributor of technical software and hardware. Bycoff joined SDC when it was feeling the effects of a changing software distribution business. Turning the company around, he managed to double it in size and return it to profitability. It was through conversations with customers that he realized that, as the Internet took off, there would be a huge need for e-business security software. Subsequent to the Board buying into his vision, SDC was sold and the funds were used to create Netegrity in 1996.
Prior to leading Netegrity, Bycoff was Chief Operating Officer at MapInfo Corporation (MAPS), where he spent three years developing the company into the leader in the geographic information systems market. Before that, he was at Prime Computer where he served as Vice President of Marketing and ran several business units. Bycoff also currently serves as Chairman of the Board at Aveksa, a leading provider of Enterprise Access Governance software and on the Board of Visitors at Duke University Pratt School of Engineering.
Day's second nominee to its Board of Directors, David Arnott is currently Member of the Executive Committee and Chief Financial Officer of TEMENOS Group AG (SIX:TEMN), a leading provider of integrated modular core banking systems to over 600 customers in over 120 countries. Since joining Temenos in 2001, David has guided Temenos' rapid growth to become a global enterprise software leader in the Finance vertical with over $400M in revenue in 2008. Prior to joining the Group, Arnott worked as Chief Financial Officer of Socieete Europeenne de Communication in Luxembourg and from 1996 to 1999 held a number of senior finance positions at Anglo-American plc, a mining and precious metals trading company.
"We are excited about the nomination of these two industry veterans to our board," said Michael Moppert, Chairman of Day Software. "Their experiences building leading global software enterprises will give Day additional strength as we accelerate our growth in 2009 and continue to drive adoption of our marketing-leading CQ5 platform."
About Day - www.day.com, @daysoftware
Day Software is the ECM pioneer that leading global enterprises rely on for their Web 2.0 content application and content infrastructure needs. Day's Content Repository Extreme (CRX) is the industry's leading Java Content Repository (JCR) that provides unique virtualization services to consolidate legacy repositories and unique cloud computing services to lower IT operational costs. Day's Communique CQ5 provides industry-leading Web Content Management, Digital Asset Management, and Social Collaboration in a single, unified suite and won the 2009 InfoWorld Technology of the Year Award for "Best Web CMS".
Day is an international company with headquarters in Basel, Switzerland and Newport Beach, California, traded since April 2000 on the SIX Swiss Exchange, and "Over the Counter" (OTC) as American Depositary Receipts (OTCQX:DYIHY). Day's customers are worldwide leading global enterprises, including: Volkswagen, Daimler, Nissan, Williams-Sonoma, Chanel, Allianz, Vodaphone, LaPoste, Time, Inc., University of Phoenix, and InterContinental Hotels.