Asure Software Board of Directors Appoints COO Nancy L. Harris as President and Chief Executive Officer
June 18 2009 - 9:05AM
Marketwired
Asure Software (NASDAQ: ASUR), a leading provider of workforce
management software, announced today that the Board of Directors
has selected current Chief Operating Officer Nancy L. Harris to
become President and Chief Executive Officer of the Company,
effective immediately. Ms. Harris also was appointed to fill the
vacancy created by the June 1, 2009, resignation of Kathleen A.
Cote. In addition, she has been added to the Board's recommended
slate of director nominees for election at the 2009 Annual Meeting
of Stockholders, to be held July 30, 2009.
Former CEO Richard N. Snyder will continue to serve as Executive
Chairman of the Board and will focus his efforts on Board planning
and governance issues, corporate strategy and other matters
unrelated to the daily operations of the business.
"In our ongoing efforts to maintain the highest corporate
governance standards, the Board has decided to enact a deliberate
and seamless management transition plan that, among other things,
will separate the positions of Chairman and CEO," Mr. Snyder said.
"The Board feels that now is the opportune time to make this
change, given the Company's evolution as an early-stage software
enterprise, the approach of our 2009 annual meeting, and as we head
into the final quarter of our fiscal year. Nancy's strong industry
experience and intimate knowledge of our business and our people
make her highly qualified to assume responsibility for all of the
day-to-day operations of our Company. Under her leadership, we have
successfully integrated two acquired software businesses --
NetSimplicity and iEmployee -- and have seen consistent growth
within those businesses. She is highly regarded by our customers
and partners, and is respected by her colleagues as an inspired and
effective leader. We expect a seamless leadership transition."
Ms. Harris said, "I am excited about this opportunity and look
forward to executing our long-range plan for increasing shareholder
value. We expect to continue to grow our top line by offering
innovative software and service solutions that help our customers
operate more efficiently, increase worker productivity and reduce
their costs. And we will look to further leverage that growth into
bottom-line results and long-term value creation by optimizing our
distinctive brands in the marketplace in conjunction with our
operational efficiency enhancements."
Ms. Harris, 46, joined the Company in October 2001 as Vice
President of Marketing. She became General Manager of NetSimplicity
following the acquisition of that business in 2003, and was
appointed Chief Operating Officer of the Company in January 2008
with responsibility for the daily operations of the Company's
software segment. Ms. Harris has 23 years of experience in the
software industry, serving in both marketing and development
capacities. Prior to joining Asure, she was the Director of
Marketing and Product Management at Clear Commerce, an Internet
transaction-processing software company, from 2000 to 2001.
Previously, she spent eight years with BMC Software in various
positions including Director of Field Marketing, Director of
Product Marketing and Development Manager. She holds a master's
degree in marketing and a bachelor's degree in journalism from
Northwestern University.
Mr. Snyder, 64, has served as a director of the Company since
December 1997 and was elected Chairman of the Board in March 2000.
In June 2001, he was elected President and Chief Executive Officer
of the Company. Previously, he was founder of Corum Cove
Consulting, LLC, a firm specializing in providing strategic
guidance to high-technology businesses, and served as Chief
Executive Officer of that company from 1997 to 2001. His prior
positions included Senior Vice President of World Wide Sales,
Marketing, Service and Support for Compaq Computer Corp., Senior
Vice President and General Manager of Dell Americas, and Group
General Manager of the Deskjet Products Group of Hewlett Packard.
He is also a director of Symmetricom, Inc., based in San Jose,
California.
Editor's Note: In a separate release issued today, Asure
Software also announced its third-quarter fiscal 2009 financial
results.
About Asure Software
Headquartered in Austin, Texas, Asure Software (ASUR), (a d/b/a
of Forgent Networks, Inc.), empowers small to mid-size
organizations and divisions of large enterprises to operate more
efficiently, increase worker productivity and reduce costs through
a comprehensive suite of on-demand workforce management software
and services. Asure's market-leading suite includes products that
optimize workforce time and attendance tracking, benefits
enrollment and tracking, pay stubs and W2 documentation, expense
management, meeting and event management, and asset tracking and
reservations. With additional offices in Seekonk, Mass., Vancouver,
British Columbia, and Mumbai, India, Asure serves 3,500 customers
around the world. For more information, please visit
www.asuresoftware.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995:
Statements in this press release regarding Asure's business
which are not historical facts are "forward-looking statements"
that involve risks and uncertainties. Such risks and uncertainties,
which include those associated with continued listing of the
Company's securities on the NASDAQ Capital Market, could cause
actual results to differ from those contained in the
forward-looking statements.
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