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Subject: [announce] Arbortext Appoints David Peralta Chief Financial Officer
Arbortext Appoints David Peralta Chief Financial Officer ANN ARBOR, Mich., November 13, 2002 -- Arbortext, Inc., the only global provider of XML-based multichannel publishing software, today named David Peralta as its Chief Financial Officer. Reporting directly to Arbortext Chief Executive Officer Raymond Schiavone, Peralta will oversee all of the company’s finance, contracts and human resource functions. Peralta most recently served as Vice President and Treasurer of MSC.Software (NYSE: MNS). Prior to joining MSC.Software, Peralta served as CFO, Treasurer, and VP of Finance & Administration at Mechanical Dynamics (Nasdaq: MDII), a publicly traded engineering software company that was acquired by MSC.Software in May 2002. Peralta’s leadership and guidance were instrumental in achieving annual revenue growth of 20% for nine years, closing and integrating seven acquisitions, and successfully completing an initial public offering. “Dave brings to Arbortext an outstanding financial and business background,” said Raymond Schiavone, president and CEO of Arbortext. “We expect that his leadership and financial experience at a fast-growing public company will serve Arbortext’s needs very well during our own rapid expansion.” Commenting on his new position, Peralta stated, “Arbortext offers a terrific opportunity for me to use my skills at a high-growth, blue chip software company. I am thrilled to join a growing organization with talented people, innovative technology, impressive customers and tremendous market potential. The company’s attractive selling proposition and focus on return on investment are clearly resonating with customers in a challenging information technology environment. I look forward to helping a strong management team capitalize on the company’s strengths.” About Arbortext Arbortext is the only global provider of XML-based multichannel software that enables the creation, editing and publishing of information to multiple media types – Web, print, CD-ROM, wireless – from a single source of content. Shipping since 1991, Arbortext’s standards-based software supports technical publishing, reference publishing and business publishing applications that enable enterprises to provide more accurate, cost-efficient, complete, timely, consistent and usable information on all media. Arbortext’s software is installed at over 300 large multinational organizations. Current customers include American Express Financial Services, Audi, Boeing, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM, International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Qantas, Ricoh, Sun Microsystems, United Airlines, Volkswagen, Volvo and West Group. Arbortext is a founding member and active participant in the XML Activity of the World Wide Web Consortium (W3C). Headquartered in Ann Arbor, Michigan, USA, Arbortext has offices around the world. For more information please visit http://www.arbortext.com. # # # Contact: Beth Ambaruch, APR Daylan Burlison Arbortext, Inc. Phase Two Strategies +1 734.327.6014 +1 212.530.7547 bea@arbortext.com dburlison@p2pr.com
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