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Contact: Samira Abrari Corticon Technologies 650.212.2424, ext. 247 pr@corticon.com
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George Sollman and Jonathan Morgan to Join Corticon Technologies Board of Directors
SAN MATEO, CA.,
July 1, 2002—Corticon Technologies, the leading supplier of decision management enterprise software, today announced the appointment of George Sollman, founder and principal of Arabesque Investments, LLC, and Jonathan Morgan, founder and managing director at Rostrevor Partners, LLC, to Corticon's board of directors. The board of directors elected George Sollman as chairman.
"I am excited regarding the outstanding potential that exists
in the technology of Corticon to allow its products to play a leading
and central role in the automation of business processes, thus allowing
knowledge workers to concentrate accurately on exceptions rather
than the usual," said Sollman. "The chance to participate
in the formation and building of this outstanding company is an
opportunity that I could not pass up."
Sollman brings highly recognized industry experience and both small
company and large-scale corporate management skills to the Corticon
board. Prior to founding Arabesque Investments, Sollman was the
president, CEO, and co-founder of @Motion Inc., one of the first
wireless voice portal providers for the Internet. Sollman led @Motion
for over 2 years from inception through acquisition for a reported
$300M to Phone.com (now OpenWave). Prior to @Motion, Sollman was
president and CEO of Centigram Communications Corporation, a leading
voice messaging company, for nearly 12 years, taking it from a venture
capital-backed turnaround though a public company offering and profitable
revenue growth of $120M per year. Prior to that, he was the vice-president
and general manager of the sales division of Shugart Corporation,
a leading disk drive company (sold to Xerox Corporation) that grew
to some $250M per year. Prior to that he had various technical and
management positions with Control Data Corporation, Honeywell Information
Systems, and MITRE Corporation. Sollman also served on the national
board of directors of the American Electronics Association (AEA),
the leading trade organization representing the electronics industry,
from 1993-1997, and was voted by the 3600 member companies as the
1996-97 national chairman. Currently, Sollman is the chairman of
the Advisory Board of the Leavey School of Business at Santa Clara
University and serves on the Advisory Boards of T-Ventures (the
venture capital arm of Deutsche Telekom) and BV Capital (the successor
to Bertelsmann Ventures).
"Corticon's technology takes business process automation to a different level with the addition of decision service functionality," said Morgan. "This capability, combined with the increasing migration of organizations to the new web services paradigm, promises to give our customers and partners substantial ROI improvements on their information technology investments and applications."
Morgan provides Corticon with a wealth of knowledge and perspective
stemming from his extensive financial management background. As
founder and managing director at Rostrevor, the firm's focus is
to provide strategic consulting services to early stage emerging
growth companies. Prior to founding Rostrevor, Morgan was managing
director at Prudential Volpe Technology Group where he was involved
in providing the overall direction and management to the Group's
west coast corporate finance origination and transaction activities.
In 1992, Morgan joined Sutro & Company Incorporated where he served
as a managing director and head of the firm's San Francisco investment
banking operations. Prior to Sutro, Morgan was with Montgomery Securities
where he served as managing director and the firm's director of
mergers and acquisitions. He founded the M&A practice at Montgomery
and was responsible for building the business and completing transactions
having an aggregate value in excess of $7.0 billion. Mr. Morgan
began his career in 1975 at A.E. Ames & Co. Limited, a major Canadian
Investment Banking firm, and concentrated in the areas of equity
finance and mergers and acquisitions. In 1980, Mr. Morgan joined
Morgan Stanley & Company Incorporated. His principal areas of responsibility
were in mergers and acquisitions and private equity financing.
"Mr. Morgan and Mr. Sollman bring deep business and financial expertise to Corticon as we seek to accelerate shareholder value creation. I am thrilled and fortunate that they are involved," said Dr. Mark Allen, president and CEO of Corticon.
Sollman and Morgan join board members Dr. Mark Allen, president and CEO, Charles M. Blalack of Blalack and Company, and Craig R. Johnson of Saw Island Partners.
About Corticon Technologies
Corticon™ Technologies provides the leading enterprise software platform for formalizing and automating decision-making activities as adaptable web services. Corticon's products help organizations
enhance the efficiency, quality and manageability of their mission-critical business processes. This results in a solution that dramatically increases a company's productivity and is agile enough to evolve with the dynamic needs of today's business. Headquartered in San Mateo, Calif., with an engineering center in Culver City, Calif., Corticon is a venture-backed, privately held company. For additional company information, visit us at www.corticon.com.
