PROG SOFTWARE : Progress Software Expands Board of Directors and Appoints Philip M. Pead, Former Eclipsys Corporation President and Chief Executive Officer
07/13/2011| 12:05pm US/Eastern
Software Corporation (NASDAQ: PRGS), a leading software provider
that enables enterprises to be
operationally responsive today announced the appointment of Philip
M. Pead to the company's Board of Directors effective immediately. Mr.
Pead's appointment expands the Progress Software Board of Directors to
"As someone who has helped build shareholder value throughout his
career, Phil has a wealth of experience and attributes that will enable
him to make an immediate impact as part of the Progress Board," said
Richard D. Reidy, President and Chief Executive Officer.
Mr. Pead, age 58, is currently the Chairman of the Board of Directors of
Allscripts Health Solutions (NASDAQ: MDRX), a leading health care
information technology company with more than 5,500 employees and
revenues of approximately $1.2 billion. Mr. Pead was formerly the
President and Chief Executive Officer of Eclipsys Corporation, a leading
provider of enterprise clinical and financial software for hospitals.
Eclipsys was merged with Allscripts in August of 2010.
Mr. Pead has over twenty-five years experience in the software industry,
working in executive roles in several publicly and privately held
companies, including Per-Se Technologies, Dun & Bradstreet Corporation
and Attachmate Corporation.
In addition to Progress Software and Allscripts Health Solutions, Mr.
Pead currently serves on the board of directors of publicly-traded
Emdeon Inc. (NYSE: EM).
"Progress Software is well-positioned as an industry leader with its RPM
offerings. This, along with a strong financial position, large customer
base and strong leadership team, make the company a significant
competitor," Pead said. "I look forward to working with Progress
Software and contributing to its ongoing success and growth."
Mr. Pead received a Bachelor of Science degree in Economics from the
University of London and a Business Administration diploma from Harrow
College of Technology.
Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software
company that enables enterprises to be operationally responsive to
changing conditions and customer interactions as they occur - to
capitalize on new opportunities, drive greater efficiencies and reduce
risk. The company offers a comprehensive portfolio of best-in-class
infrastructure software spanning event-driven visibility and real-time
response, open integration, data access and integration, and application
development and deployment - all supporting on-premises and SaaS/Cloud
deployments. Progress Software maximizes the benefits of operational
responsiveness while minimizing IT complexity and total cost of
ownership. Progress Software can be reached at www.progress.com
Progress Software Corporation
Tom Barth, +1-781-280-4135
John Stewart, +1-781-280-4101
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