Server: Netscape-Enterprise/2.01 Date: Fri, 21 Nov 1997 05:18:43 GMT Accept-ranges: bytes Last-modified: Thu, 20 Nov 1997 02:43:30 GMT Content-length: 5902 Content-type: text/html
Former Sungard Executive Returns to Joins C·ATS Software To Head Operations In the Americas
Palo Alto, CA, November 17, 1997 C·ATS Software Inc. (NASDAQ: CATX), a leading provider of integrated risk management solutions, today announced the appointment of David Samuels to the positions of vice president and managing director for the Americas, according to David Gilbert, president and COO of C·ATS. Samuels, who served at C·ATS early in his career and most recently was vice president of sales for SunGard Capital Markets, will head sales, service and implementations in the Americas from headquarters in New York City.
"We at C·ATS are delighted to welcome back David Samuels, one of the most respected and successful sales and marketing executives in the trading systems and risk management industry," said Rod Beckström, CEO of C·ATS. "It is appropriate that we have someone of Davids caliber joining our executive management team and leading our North American Operations as we build on our recent successes in expanding use of our trading systems and establishing CARMA® as the leading solution in enterprise risk management. We look forward to supporting him in building a model sales and service organization in the Americas."
In accepting the position, Samuels noted, "It is unusual to see an established product suddenly rise to a position of absolute market dominance, but I believe that C·ATS CARMA is in that enviable position. Today as risk managers and bank executives look for enterprise credit risk solutions that will support rapid, real-time analysis for intraday limits management and risk-adjusted capital analysis, the logical is CARMA. I am enthusiastic about the opportunity to bring C·ATS world-class solutions to the forefront in the Americas."
Before rejoining C·ATS, Samuels was vice president of sales at SunGard Capital Markets, responsible for all of the divisions marketing and sales of enterprise risk management and trading systems to major financial institutions and corporations in the western hemisphere. Previously he was sales manager for North America, a position he assumed when joining the firm in 1993.
Samuels managed North American sales and support for C·ATS Software in the early part of the decade, introducing a number of money-center financial institutions to C·ATS trading systems. He subsequently was vice president of sales and marketing for E.J.V. Partners, a consortium of banks and securities firms.
A graduate of State University of New York at Albany, Samuels is a member of the Global Association of Risk Professionals, Software Publishers Association, American Management Association, and PSE, a professional sales and marketing association.
About C·ATS
C·ATS Software Inc. is a leading developer of integrated risk management and derivatives trading solutions and implementation services. The firm is headquartered in Palo Alto, California, and has sales and support offices in New York, Los Angeles, London, Geneva, Tokyo and Hong Kong. Its products are licensed to more than 70 clients in 19 countries, including more than a third of the worlds 50 largest commercial banks. More information on C·ATS and its solutions can be found on the World Wide Web at http://www.cats.com.
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Note to editors: Photo available on request. Please call Kristen Fuller at 650-354-0419
CARMA is a registered trademark of C·ATS Software Inc.
Contact: | |
Kathleen Hawk | Kristen Fuller |
Lochner & Hawk, Inc. | C·ATS Software Inc. |
(908) 852-3656 | (650) 354-0419 |
khawk@lhpr.com | kristenf@cats.com |
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