Chelmsford, Mass.—December 9, 2015—Datawatch Corporation (NASDAQ-CM: DWCH), a leading global provider of self-service data preparation and visual analytics solutions, today announced that Randall P. “Randy” Seidl has been appointed to the Company’s Board of Directors, effective immediately. His addition expands the board to eight members.
Mr. Seidl brings extensive experience in software sales leadership, ranging from emerging growth organizations to Fortune 500 companies. He is currently CEO of Revenue Acceleration, a consulting firm he founded in 2013 based in Wellesley, Massachusetts, that provides companies with strategic and tactical sales leadership insights, high-performing industry talent and critical customer and partner access. Previously, he served as Senior Vice President and General Manager of the US Enterprise Group at Hewlett Packard, overseeing more than 3,000 employees and responsible for $9 billion in annual revenues. Prior to Hewlett Packard, Mr. Seidl, served as Senior Vice President and General Manager, North America at Sun Microsystems. He began his career at EMC, where he was the 33rd employee, and over 11 years with the company held a number of key global sales and marketing roles. On the emerging company side, Mr. Seidl served as CEO and a board member of Permabit; co-founder and Executive Vice President of GiantLoop, and Chairman and CEO of Workgroup Solution, which was acquired by Advizex. He is a graduate of the Carroll School of Management at Boston College, and currently serves as a Trustee Associate of the College; he was previously a member of the Boston BC Club’s Board of Governors.
Said Richard de J. Osborne, Chairman of the Board of Directors of Datawatch, “We are very pleased to attract such an experienced software sales professional to our Board. As Datawatch moves to take advantage of the opportunity in the data preparation market with our highly differentiated Monarch technology, we welcome the advice and counsel from Randy to assist us in these efforts.”
Mr. Seidl added, “I see Datawatch on the threshold of an enormous opportunity to exploit Big Data by making it more accessible and useful, and this dynamic always offers the opportunity to drive long-term growth. I am excited to join the Datawatch Board and leverage my experiences and relationships to help build upon Datawatch’s technological advantage and create sustainable market leadership in this rapidly growing part of the analytics market.”
About Datawatch Corporation Datawatch Corporation (NASDAQ-CM: DWCH) provides the only Managed Analytics Platform that brings together self-service data preparation with visual data discovery. Its software bridges the gap between the ease that business user’s demand and the automation and governance needed by IT. Users can quickly discover key factors that improve their business by transforming data from multi-structured sources, as well as real-time streaming data, into visually rich analytic applications. Organizations of every size, worldwide use Datawatch products, including 93 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Frankfurt, Stockholm, Singapore, Melbourne and Manila, and with partners and customers in more than 100 countries worldwide. Learn more at datawatch.imarc.io. For investor relations information, visit investor.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 long sales cycle with enterprise customers and the size and timing of large customer orders; risks associated with acquisitions; the risk that our goodwill resulting from acquisitions may become impaired and require a write-down; limitations on the effectiveness of internal controls; rapid technological change; Datawatch’s dependence on the introduction of new products and product enhancements and possible delays in those introductions; competition in the software industry generally, and in the markets for next generation analytics in particular; Datawatch’s dependence on its principal products, proprietary software technology and software licensed from third parties; Datawatch’s concentration of customers in the financial sector; risks associated with international sales and operations; risks associated with indirect distribution channels and co-marketing arrangements, many of which were only recently established; the adequacy of Datawatch’s sales returns reserve; risks associated with a subscription sales model; 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, security breach 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, 2015.
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