Insightful Corporation Appoints Sachin Chawla as Chairman of the Board
07 Février 2008 - 10:00PM
Business Wire
Insightful Corporation (NASDAQ:IFUL), a leading provider of
predictive analytics and reporting solutions, announced today the
appointment of Sachin Chawla as chairman of the board and the
resignation of Samuel Meshberg from the Board of Directors. Mr.
Meshberg resigned from Insightful�s board for personal reasons. �It
has been an honor to serve on the board these past seven
years,��Mr. Meshberg said.��I�m confident that�Insightful will be
successful in creating value for its shareholders.�My best wishes
for the company and its people.� �On behalf of Insightful�s
stockholders, employees and customers, I would like to thank Sam
for his dedication and efforts during his long tenure on the
board,� said Jeff Coombs, president and chief executive officer of
Insightful. Mr. Chawla is vice president of Product Development at
GoldenGate Software, Inc., a provider of transactional data
management solutions. Before joining GoldenGate in 2006, he served
as vice president of Data Integration at Business Objects following
its 2002 acquisition of Acta Technology, Inc., a provider of data
integration solutions. He co-founded Acta in 1996 and served in
various roles, including CEO and several vice president positions,
until Acta�s sale to Business Objects. Before Acta, Mr. Chawla
spent five years at Sybase, Inc., where he was a key lead in the
development of Sybase�s Replication Server product line, and
several years as a software engineer for IBM. He holds a B.S. in
electrical engineering from the University of California at
Berkeley and an M.S. in computer science from Stanford University.
He has served on Insightful�s Board of Directors since April 2004.
�Sachin is a veteran software industry executive whose engineering,
marketing, and general management expertise has been of tremendous
value to Insightful,� said Coombs. �As he takes on our
chairmanship, his leadership experience and knowledge of the high
technology industry will continue to play an important role in
directing our future strategy.� About Insightful Corporation
Insightful Corporation (NASDAQ:IFUL) is a leading provider of
predictive analytics and reporting solutions. Insightful products
S-PLUS�, Insightful Miner� and S-PLUS� Enterprise Server allow
companies to perform sophisticated statistical data analysis and
data mining and create high-quality graphics and reports.
Insightful has been delivering industry-leading, high-ROI solutions
to thousands of companies in financial services, life sciences,
telecommunications, and manufacturing, plus government and research
institutions, for 20 years. Headquartered in Seattle, Insightful
has offices in New York, North Carolina, France, Switzerland, and
the United Kingdom, with distributors around the world. For more
information, visit www.insightful.com, email info@insightful.com or
call 1-800-569-0123. Note to Investors � Forward Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are based on the judgment and opinions
of management at the time the statements are made. Inaccurate
assumptions and known and unknown risks and uncertainties can
affect the accuracy of forward-looking statements. Actual results
could differ materially from those expressed or implied by the
forward-looking statements for a number of reasons. More detailed
information regarding these and other factors that could affect
actual results is set forth in our filings with the Securities and
Exchange Commission, including our most recent report on Form
10-QSB. You should not unduly rely on these forward-looking
statements, which apply only as of the date of this release. We
undertake no obligation to update publicly any forward-looking
statements to reflect new information, events or circumstances
after the date of this release or to reflect the occurrence of
anticipated events.
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