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PSS Systems Names Deidre Paknad President and CEO
Experienced Compliance Executive Tapped to Guide Firm to Market Leadership
PALO ALTO, California, January 13, 2004 — PSS Systems, Inc., a pioneer in document policy solutions that span the information lifecycle, today announced it has named Deidre Paknad as president and chief executive officer. Paknad takes the helm following the company's recent launch of its flagship policy software, which helps enterprises establish comprehensive document and retention policies for compliance and risk management.
Founder, former president and CEO Alain Rossmann continues as chairman of the board and strategic advisor to the company. Rossmann is a distinguished entrepreneur who has founded and led five successful technology companies, most recently Openwave Systems (NASDAQ: OPWV).
"PSS Systems has an impressive product offering and is well capitalized, which provide an excellent platform for growth and market leadership," said Paknad. "Today's Fortune 500 companies require the ability to define and enforce information policies that can span the information lifecycle, which is particularly challenging given the massive proliferation of content from individual desktops and laptops across the enterprise. I am excited to lead and grow PSS as we address this large market opportunity to help companies better manage regulatory compliance, reduce risks and reduce costs."
"I am delighted that Deidre is taking the lead at PSS Systems," said Alain Rossmann. "She brings entrepreneurial talent, industry expertise and a track record of establishing market leadership. The climate of increased regulation, litigation and the explosion of electronic content create tremendous opportunity for PSS. Under her guidance, PSS Systems is positioned to expand its customer base and establish its leadership."
Paknad brings two decades of technology and management experience to PSS, with expertise in SEC and FDA compliance markets and software solutions. She joins PSS from Nth Orbit, where she served as vice president of marketing and business development. Prior to Nth Orbit, Paknad founded CoVia Technologies, an early innovator in collaboration and portal solutions. She served as its CEO from 1996 through 2000. She has held previous operations, marketing and executive positions at semiconductor, enterprise software and consumer packaged goods companies including Altera, Consilium (acquired by Applied Materials), and Digimedics (acquired by Mediware).
About PSS Systems
PSS Systems makes prudent records management and Information Lifecycle Management (ILM) practices feasible, reliable and cost effective. The company's software enables enterprises to apply, extend and enforce information retention policies across the entire information lifecycle — from cradle to grave — without impacting user workflow or productivity. PSS’s product uniquely allows companies to implement records retention and disposition programs that effectively deal with the massive volume of content on individual desktops and laptops without forcing employees to change. Founded in 2001 by entrepreneur Alain Rossmann, PSS is funded by top-tier venture firms Azure Capital Partners and Lightspeed Venture Partners, along with corporate partners and investors Adobe Ventures, Granite Ventures and Siemens Venture Capital. Based in Palo Alto, California, the company is quickly reinventing the way companies can manage the information lifecycle. For additional information about PSS Systems, call (650) 810-8700, or visit www.pss-systems.com.
PSS and the PSS logo are registered trademarks of PSS Systems, Inc. All other company and product names mentioned are the trademarks or registered trademarks of their respective companies.
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