Safeguard Scientifics, Inc. (NYSE:SFE), today announced
that it has established an Information Technology Advisory Board
comprised of individuals who possess specialized knowledge and
expertise in the information technology sector. The Information
Technology Advisory Board will augment our internal resources and
provide expert guidance and strategic direction to Safeguard and its
partner companies.
"We are very pleased with the rich and diverse experience of the founding members of Safeguard's Information Technology Advisory Board," said John A. Loftus, Executive Vice President and Managing Director, Information Technology at Safeguard Scientifics. "The Information Technology Advisory Board is chartered with providing their collective talent and expertise for the benefit of Safeguard and its partner companies."
"Safeguard is better able to benefit from their collective wisdom," said Peter J. Boni, President and Chief Executive Officer of Safeguard. "Safeguard's ability to recruit these thought leaders to its Information Technology Advisory Board demonstrates our commitment to augmenting our internal resources to achieve our vision of being the preferred catalyst for creating great information technology and life sciences companies."
-- Rick Bennett - Mr. Bennett is the one-man marketing agency who took Oracle from $15 million to its first billion dollar sales year. His guerrilla marketing has helped create numerous ten-million to one-hundred-million dollar companies in the computer hardware, database, circuit design and artificial intelligence industries.
-- Stephen M. Goodman - Mr. Goodman is a Partner in the Business Transactions Practice of Morgan Lewis and is Co-Chairman of the Global Technology Practice, representing emerging growth companies in the technology and life sciences sectors. Having nurtured numerous start-up companies, he focuses his practice on assisting emerging companies obtain capital and establish key strategic alliances.
-- James John - Mr. John possesses 25 years of executive level management experience in international financial services and technology. Currently, Mr. John is Chief Administrative Officer for Parente Randolph responsible for human resources, information technology and finance across the firm.
-- Ben Millrood - Mr. Millrood has over twenty two years of experience in directing technology organizations in developing, marketing and implementing global strategic solutions over a wide array of industries. He is currently Senior Vice President of Sales and Marketing at Epitome Systems, responsible for the strategy, implementation and execution of all client development initiatives.
-- Kathleen O'Donnell - Ms. O'Donnell has over ten years of venture capital experience and is currently a Partner at Advent International, a leading global private equity firm with over $10 Billion in cumulative capital raised. She is responsible for investments in information technology, with a focus on enterprise software and infrastructure. She has led the firm's investments in over ten early-stage companies.
-- Scott A. Snyder, Ph.D. - Dr. Snyder is President and Chief Operating Officer of Decision Strategies International, a leading management consulting firm focused on scenario-based strategic planning and decision-making. He possesses over 19 years of executive management experience in business leadership, strategic planning, decision support systems, and technology management for Fortune 500 companies and start-up ventures.
-- Kenneth Swimm - In 1997, Mr. Swimm retired after over 35 years in the Aerospace business with General Electric and Lockheed Martin. At that time he was President of the Lockheed Martin Management and Data Systems Company. Ken had profit and loss responsibility for all aspects of the business, accounting for annual revenues in excess of $1 billion, and the management of more than 7,000 personnel.
About Safeguard
Safeguard Scientifics, Inc. (NYSE:SFE) builds value in high-growth, revenue-stage information technology and life sciences businesses. We provide growth capital as well as a range of strategic, operational and management resources to our partner companies. Safeguard participates in expansion financings, corporate spin-outs, management buyouts, recapitalizations, industry consolidations and early-stage financings. For more information about Safeguard and its strategy, visit www.safeguard.com.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. These forward-looking statements that could cause actual results to differ materially, include, among others, managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, the ability to execute our strategy, the uncertainty of the future performance of our companies, acquisitions and dispositions of companies, the inability to manage growth, compliance with government regulations and legal liabilities, additional financing requirements, labor disputes, the effect of economic conditions in the business sectors in which our companies operate, and other uncertainties described in the Company's filings with the Securities and Exchange Commission. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward-looking statements or other information contained in this press release.
"We are very pleased with the rich and diverse experience of the founding members of Safeguard's Information Technology Advisory Board," said John A. Loftus, Executive Vice President and Managing Director, Information Technology at Safeguard Scientifics. "The Information Technology Advisory Board is chartered with providing their collective talent and expertise for the benefit of Safeguard and its partner companies."
"Safeguard is better able to benefit from their collective wisdom," said Peter J. Boni, President and Chief Executive Officer of Safeguard. "Safeguard's ability to recruit these thought leaders to its Information Technology Advisory Board demonstrates our commitment to augmenting our internal resources to achieve our vision of being the preferred catalyst for creating great information technology and life sciences companies."
-- Rick Bennett - Mr. Bennett is the one-man marketing agency who took Oracle from $15 million to its first billion dollar sales year. His guerrilla marketing has helped create numerous ten-million to one-hundred-million dollar companies in the computer hardware, database, circuit design and artificial intelligence industries.
-- Stephen M. Goodman - Mr. Goodman is a Partner in the Business Transactions Practice of Morgan Lewis and is Co-Chairman of the Global Technology Practice, representing emerging growth companies in the technology and life sciences sectors. Having nurtured numerous start-up companies, he focuses his practice on assisting emerging companies obtain capital and establish key strategic alliances.
-- James John - Mr. John possesses 25 years of executive level management experience in international financial services and technology. Currently, Mr. John is Chief Administrative Officer for Parente Randolph responsible for human resources, information technology and finance across the firm.
-- Ben Millrood - Mr. Millrood has over twenty two years of experience in directing technology organizations in developing, marketing and implementing global strategic solutions over a wide array of industries. He is currently Senior Vice President of Sales and Marketing at Epitome Systems, responsible for the strategy, implementation and execution of all client development initiatives.
-- Kathleen O'Donnell - Ms. O'Donnell has over ten years of venture capital experience and is currently a Partner at Advent International, a leading global private equity firm with over $10 Billion in cumulative capital raised. She is responsible for investments in information technology, with a focus on enterprise software and infrastructure. She has led the firm's investments in over ten early-stage companies.
-- Scott A. Snyder, Ph.D. - Dr. Snyder is President and Chief Operating Officer of Decision Strategies International, a leading management consulting firm focused on scenario-based strategic planning and decision-making. He possesses over 19 years of executive management experience in business leadership, strategic planning, decision support systems, and technology management for Fortune 500 companies and start-up ventures.
-- Kenneth Swimm - In 1997, Mr. Swimm retired after over 35 years in the Aerospace business with General Electric and Lockheed Martin. At that time he was President of the Lockheed Martin Management and Data Systems Company. Ken had profit and loss responsibility for all aspects of the business, accounting for annual revenues in excess of $1 billion, and the management of more than 7,000 personnel.
About Safeguard
Safeguard Scientifics, Inc. (NYSE:SFE) builds value in high-growth, revenue-stage information technology and life sciences businesses. We provide growth capital as well as a range of strategic, operational and management resources to our partner companies. Safeguard participates in expansion financings, corporate spin-outs, management buyouts, recapitalizations, industry consolidations and early-stage financings. For more information about Safeguard and its strategy, visit www.safeguard.com.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. These forward-looking statements that could cause actual results to differ materially, include, among others, managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, the ability to execute our strategy, the uncertainty of the future performance of our companies, acquisitions and dispositions of companies, the inability to manage growth, compliance with government regulations and legal liabilities, additional financing requirements, labor disputes, the effect of economic conditions in the business sectors in which our companies operate, and other uncertainties described in the Company's filings with the Securities and Exchange Commission. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward-looking statements or other information contained in this press release.
© 2006 Business Wire
