Datawatch Corporation Appoints David C. Mahoney to Board of Directors
September 10 2010 - 2:38PM
Business Wire
Datawatch Corporation (NASDAQ: CM: DWCH), a leader in Business
Intelligence (BI), today announced the appointment of David C.
Mahoney to the Datawatch Board of Directors.
Mr. Mahoney is a recognized entrepreneur, executive and early
stage investor in the software industry. He began his career
developing software at MIT Lincoln Labs and in 1973 he joined Data
General where he spent 10 years leading the design and development
of communications, networking and workstation products. In 1983,
Mr. Mahoney founded Banyan Systems, the first software company to
create a comprehensive enterprise networking solution that
integrated mainframes, minicomputers and personal computers. Within
one year, the company delivered the innovative VINES Operating
System, Banyan Network Server and Streettalk, the first
commercially available enterprise wide directory service. Banyan
went public in 1992 and grew its revenues to more than $150
million. Under Mr. Mahoney’s leadership, the company later created
Switchboard, an Internet white/yellow pages service which grew to
become jointly funded by AOL and CBS and went public in 1999.
In 2003, Mr. Mahoney became CEO of Applix, Inc. and led a
restructuring that enabled the company to attain a sustained growth
rate in excess of 35 percent annually and resulted in a successful
merger in 2007 with Cognos, Inc. During his tenure at Applix, the
company achieved a twenty times increase in market valuation. Mr.
Mahoney continues to work with venture firms and their early to
mid-stage companies as a key board member, advisor or investor, and
is currently a director in several U.S. and Canada-based software
companies where he works with management and boards to develop and
execute growth strategies, secure funding, expand management teams
and develop strategic relationships.
“We are delighted that David Mahoney has joined our Board of
Directors,” said Richard de J. Osborne, Chairman of Datawatch’s
Board of Directors. “David is a highly respected leader and a savvy
investor with a long and successful track record working with
public and private companies across a broad spectrum of software
and technology industries. His participation on our board will
provide additional financial expertise and business acumen to help
Datawatch increase its leadership position in the business
intelligence market and enhance shareholder value.”
Commenting on his appointment, Mr. Mahoney said, “I am very
excited to be involved with Datawatch at this time in its history.
Businesses more than ever require innovative, cost effective means
to enable them to make good business decisions. The company offers
a truly unique value proposition to its customers with its suite of
easy-to-use, rapid time to implementation BI solutions. Datawatch
has a solid infrastructure to support domestic and global
opportunities in business intelligence, data transformation and
analytics. I look forward to working with the Board of Directors to
accelerate the company’s growth and the adoption of its BI
solutions.”
Mr. Mahoney holds a BA in Biology from Merrimack College. He is
a founding member of the Mass Software Council and of the Common
Angels, a Boston based angel investing fund, and has been a member
of various local advisory boards with organizations such as the
Mass Telecommunications Council, Babson College and Clark
University Graduate School of Management.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH), a leader in Business
Intelligence (BI), helps companies make better decisions and solve
business problems by simplifying access to and analysis of
information. Unique among BI vendors, Datawatch transforms the
massive amounts of data and documents generated inside or outside a
company into actionable insight, without any changes needed to
existing systems. Datawatch customers benefit from the right
information, in the right context, at the right time. More than
40,000 organizations worldwide rely on Datawatch products including
its market-leading Monarch report and data mining solutions.
Datawatch is based in Chelmsford, Mass., with offices in London,
Sydney and Manila. For more information, visit
www.datawatch.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
as that term is defined in the Private Securities Litigation Reform
Act of 1995. Any such statements, including but not limited to
those relating to results of operations net of any impairment
charges, contained herein are based on current expectations, but
are subject to a number of risks and uncertainties that may cause
actual results to differ materially from expectations. The factors
that could cause actual future results to differ materially from
current expectations include the following: risks associated with
the uncertainty of the current economic climate; risks associated
with fluctuations in quarterly operating results, including results
of large transactions occurring within a particular period;
Datawatch's dependence on its principal products; risks associated
with international sales and operations, including currency
translation risks; risks associated with distributor sales; risks
associated with acquisitions; an unfavorable result in any
litigation; market acceptance of new products; dependence on the
introduction of new products and possible delays in those
introductions. Further information on factors that could cause
actual results to differ from those anticipated is detailed in
various publicly-available documents, which include, but are not
limited to, filings made by Datawatch from time to time with the
Securities and Exchange Commission, including but not limited to,
those appearing in the Company's Annual Report on Form 10-K for the
year ended September 30, 2009 and Form 10-Q for the quarters ended
December 31, 2009, March 31, 2010 and June 30, 2010. Any
forward-looking statements should be considered in light of those
factors.
© 2010 Datawatch Corporation. Datawatch, Monarch and their
respective logos are trademarks or registered trademarks of
Datawatch Corporation in the United States and/or other countries.
All other names are trademarks or registered trademarks of their
respective companies.
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