SiVault Systems Inc. has named Richard (Dick) Moore its
new chief executive officer and President today.
Prior to joining SiVault Systems Inc. Dick had spent 4 years as President and Chief Operating Officer of Financial Fusion Inc. (Subsidiary of Sybase Inc.) a software development company whose primary market was the top 100 Banks in the World. Financial Fusion provided sophisticated end user applications, which included a Retail Banking Suite as well as a fully integrated Corporate Banking solution. During his tenure at Financial Fusion the company was recognized as best in class and acquired a number of prestigious customers such as Bank of America, Bank of China and Citizens Bank to name a few.
Before Financial Fusion, Dick was Senior Vice president of Cygent Systems and later become CEO. Cygent provided web-enabled applications designed for the telecommunications sector. Prior to Cygent, Dick was the Senior Vice President of Pyramid Systems a high end Unix manufacturer. Prior to Pyramid Systems Dick started his career with the Burroughs Corporation as an entry-level sales person progressing over 17 years in a variety of sales management positions. Dick graduated from Syracuse University in 1974.
"Dick is an unbelievably strong operations guy, who we are fortunate to bring in at this stage in the restructuring of the company" Wayne Taylor, SiVault Systems Chief Financial Officer said. Mr. Moore stated, "I am very pleased to be involved with SiVault during this transition. I believe my background and experience along with my competitive intensity will assist in reshaping SiVault into a growth company delivering shareholder value."
About SiVault: The Company provides next generation secure access management software for comprehensive, fine-grained access control to information distributed over any network topologies. It allows authorized users to access protected information safely and securely, online or offline. The SiVault software, known as SiSeal, is unique among security technologies in that it secures the data so that it can be freely distributed anywhere yet provides centralized administration to manage and maintain who can access what information at any time. This provides for an effective way to enforce enterprise security policies on computer systems as it reduces the complexity and cost of security administration.
This approach to securing data combined with role based access control provides tremendous leverage in efficiently managing and handling secure documents across large numbers of users. This is especially important with the ever increasing complexity surrounding compliance such as HIPAA and Sarbanes-Oxley. As a result, SiSeal's scalable architecture provides dramatic cost savings, especially when compared to PKI -based systems.
SiSeal's architecture is based on a suite of fully integrated products intended to interoperate as a single solution. Our role based encryption, role based access control and biometric authentication components provide significant value over competitive solutions, such as the ability to provide simultaneous read/write access to data across multiple users.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of SiVault products by customers, and future performance of SiVault Systems Inc. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Prior to joining SiVault Systems Inc. Dick had spent 4 years as President and Chief Operating Officer of Financial Fusion Inc. (Subsidiary of Sybase Inc.) a software development company whose primary market was the top 100 Banks in the World. Financial Fusion provided sophisticated end user applications, which included a Retail Banking Suite as well as a fully integrated Corporate Banking solution. During his tenure at Financial Fusion the company was recognized as best in class and acquired a number of prestigious customers such as Bank of America, Bank of China and Citizens Bank to name a few.
Before Financial Fusion, Dick was Senior Vice president of Cygent Systems and later become CEO. Cygent provided web-enabled applications designed for the telecommunications sector. Prior to Cygent, Dick was the Senior Vice President of Pyramid Systems a high end Unix manufacturer. Prior to Pyramid Systems Dick started his career with the Burroughs Corporation as an entry-level sales person progressing over 17 years in a variety of sales management positions. Dick graduated from Syracuse University in 1974.
"Dick is an unbelievably strong operations guy, who we are fortunate to bring in at this stage in the restructuring of the company" Wayne Taylor, SiVault Systems Chief Financial Officer said. Mr. Moore stated, "I am very pleased to be involved with SiVault during this transition. I believe my background and experience along with my competitive intensity will assist in reshaping SiVault into a growth company delivering shareholder value."
About SiVault: The Company provides next generation secure access management software for comprehensive, fine-grained access control to information distributed over any network topologies. It allows authorized users to access protected information safely and securely, online or offline. The SiVault software, known as SiSeal, is unique among security technologies in that it secures the data so that it can be freely distributed anywhere yet provides centralized administration to manage and maintain who can access what information at any time. This provides for an effective way to enforce enterprise security policies on computer systems as it reduces the complexity and cost of security administration.
This approach to securing data combined with role based access control provides tremendous leverage in efficiently managing and handling secure documents across large numbers of users. This is especially important with the ever increasing complexity surrounding compliance such as HIPAA and Sarbanes-Oxley. As a result, SiSeal's scalable architecture provides dramatic cost savings, especially when compared to PKI -based systems.
SiSeal's architecture is based on a suite of fully integrated products intended to interoperate as a single solution. Our role based encryption, role based access control and biometric authentication components provide significant value over competitive solutions, such as the ability to provide simultaneous read/write access to data across multiple users.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of SiVault products by customers, and future performance of SiVault Systems Inc. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.