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Jade appoints experienced IT director to Board

Jade appoints experienced IT director to Board

Jade Software Corporation Limited (Jade) today announced the appointment of veteran IT executive, director and investor Scott Gilmour to its Board, effective from July 1st, 2008.

The Jade Group oversees a growing portfolio of successful software and services companies including Jade Software Company, Methodware and Empower Masterpay.

The Hon. Ruth Richardson, Chairman of the Jade Board said, “Scott brings 25 years of commercial IT experience to the board. His substantial knowledge of the environment in which we operate, and his senior management and marketing expertise, will be of huge benefit to Jade as we move forward in an increasingly competitive market.”

Mr Gilmour had worked for 12 years with Intel in both the United States and New Zealand, working in a number of senior management and marketing positions. He co-founded a successful enterprise software company in the USA in 1989, ABC Technologies Inc., which was sold to SAS in 2002, and was an investor and Director of Right Hemisphere.

Currently he is a director of Nextspace, and a director of NZ Trade and Enterprise’s Beachheads Board. Mr Gilmour started his career in Christchurch as a salesman for Burroughs Ltd between 1979 and 1982. Burroughs, which merged with Sperry to create Unisys, founded a successful business partnership with the forerunner of Jade to deploy LINC around the world.

In accepting the invitation to join the Jade Board, Mr Gilmour noted that he was very familiar with the challenges facing New Zealand based software and services companies selling to world markets.

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“Jade has built a successful New Zealand-based global business, supported by a strong local platform and international networks. I believe my first hand experience in international software sales and building a business that operates around the world can help Jade,” Mr Gilmour said.

Welcoming Scott Gilmour to the Board, Jade Managing Director Dr. Rod Carr said: “Jade has been around for 29 years in one form or another, and in the past five years the company has increased revenue 60% through organic growth and acquisition, now generating around $50 million a year in revenues, while investing $10 million a year in product and market development. The challenge ahead is how to accelerate sustainable, profitable growth that ensures customers demands are met, opportunities are created for staff, and shareholders are rewarded.

We are delighted to have a director of Scott’s calibre join our board, bringing his enthusiasm to bear to accelerate our success. ”

ENDS

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