CHELMSFORD, Mass., April 23, 2013 /PRNewswire/
-- Datawatch Corporation (NASDAQ-CM: DWCH), the leading
global provider of information optimization solutions, today
announced the appointment of James
Eliason as Chief Financial Officer and Treasurer. In
his new role, Mr. Eliason will lead all aspects of the company's
financial strategy and operations.
(Logo: http://photos.prnewswire.com/prnh/20121015/NE92833LOGO
)
"Jim's financial management and operational expertise with
high-growth software companies is a pivotal asset for Datawatch at
a time when we are focused upon driving continued top line growth
in front of a huge market opportunity," said Michael A. Morrison, President and Chief
Executive Officer of Datawatch. "Jim shares not only our
passion for performance-driven success but also our commitment to
help our clients through the deployment of innovative information
optimization solutions. His appointment solidifies Datawatch's
executive management team and we are confident that his
contributions will enable us to accelerate our strategic growth
initiatives in the years ahead."
Jim brings 20 years of financial and operational experience to
the Datawatch leadership team, including corporate finance,
investor relations, sales operations, mergers and acquisitions,
human resources and information technology. Most recently he
served as CFO of Qvidian Corporation, an enterprise software
company that provides cloud-based sales enablement and analytics
applications. From 2008 to 2011, he served as CFO of
Desktone, Inc., a SaaS software company that provides a desktop
cloud enablement platform. From 2004 to 2008, he served as
CFO of Empirix, Inc., a high growth technology company that
provides analytic tools for voice and data applications.
Earlier in his career, he held senior finance positions with Narad
Networks, Inc. and Silverstream Software, Inc. Jim spent four
years at Arthur Anderson & Company in the audit practice and
has been a certified public accountant.
"Datawatch is in a tremendous position in a rapidly expanding
marketplace as a result of its business transition over the past
two years, and it has already achieved impressive growth in the
most recent fiscal year," said Mr. Eliason. "As CFO, I look
forward to helping the team reach for greater success by providing
the operational structure to enable us to take full advantage of
our unique information optimization solution, to strengthen our
financial foundation and to enhance the company's long-term
value."
Jim holds a B.S. in Accounting from Providence College and an M.B.A. in Finance from
Bentley College.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation
(NASDAQCM: DWCH) is a leader in providing information optimization
products and solutions that allow organizations to deliver the
greatest data variety possible into their big data and analytic
applications. Datawatch provides organizations the ability to
integrate structured, unstructured, and semi-structured sources
like reports, PDF files, and EDI streams into these applications to
provide a 360 degree perspective of the issues and opportunities
that exist in their businesses. More than 40,000 organizations
worldwide use Datawatch's products and services, including 99 of
the Fortune 100, and businesses of every type can benefit from the
power and flexibility of Datawatch's industry leading solutions.
Datawatch is headquartered in Chelmsford,
Massachusetts with offices in London, Munich, Singapore, Sydney and Manila, and with partners and customers in
more than 100 countries worldwide. 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, 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 continuing weak global economy; risks associated with
fluctuations in quarterly operating results due, among other
factors, to the size and timing of large customer orders; the
volatility of Datawatch's stock price; limitations on the
effectiveness of internal controls; rapid technological change;
Datawatch's dependence on the introduction of new products and
possible delays in those introductions; competition in the software
industry generally, and in the markets for information optimization
in particular; Datawatch's dependence on its principal products,
proprietary software technology and software licensed from third
parties; risks associated with international sales; risks
associated with indirect distribution channels; the adequacy of
Datawatch's sales returns reserve; risks associated with a
subscription sales model; risks associated with acquisitions,
including the recent acquisition of intellectual property from Math
Strategies; Datawatch's dependence on its ability to hire and
retain skilled personnel; disruption or failure of Datawatch's
technology systems that may result from a natural disaster,
cyber-attack or other catastrophic event; and uncertainty and
additional costs that may result from evolving regulation of
corporate governance and public disclosure. 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, 2012 and Form 10-Q for the quarter
ending December 31, 2012.
Any forward-looking statements should be considered in light of
those factors.
Investor Contact:
Datawatch Investor
Relations
investor@datawatch.com
Phone: (978) 441-2200 ext. 8323
Media Contact:
Sarah
Bernardi
Datawatch Corporation
Sarah_Bernardi@datawatch.com
Phone: (978) 441-2200 ext. 8387
Twitter: @datawatch
© 2013 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.
SOURCE Datawatch Corporation