Joseph Caffarelli brings wealth of leadership experience in public and private
equity markets to CorVu
MINNEAPOLIS, Aug. 2 /PRNewswire-FirstCall/ - CorVu(R) Corporation
(OTC Bulletin Board: CRVU), announced today the appointment of Joseph
Caffarelli as President and Chief Executive Officer of CorVu Corporation.
Mr. Caffarelli brings to CorVu extensive management experience in growth
environments including recent key management roles with both domestic and
international midsize and start-up companies. He has been a key participant in
three IPOs on NASDAQ aggregating $400 million as well as securing pre-IPO
private equity funding. Previously, Joseph held executive management positions
at MedSource Technologies Inc., Airspan Networks Inc. and Physio-Control
International Corporation during their start-up, private-funding, IPO and
public phases. Previously, Mr. Caffarelli spent nineteen years in a variety of
management positions at General Electric Company.
"We are pleased to have Joseph Caffarelli join CorVu and are confident
that his experience with mid-size growth companies as well as with start-ups
will be invaluable in directing CorVu's future growth," said James Mandel,
Chairman of the Board, CorVu Corporation. "His motivating leadership style
will be instrumental in helping CorVu achieve the next level in growth,
revenue and profitability."
"I am very pleased to be joining CorVu and look forward to working with
its experienced and capable management team in executing the Company's growth
strategy," said Joseph Caffarelli. "I am excited with CorVu's prospects to
share in the significant growth potential of the North American and global
markets and believe that we have the innovative technology and the necessary
resources at our disposal to achieve our goals," he added.
About CorVu Corporation
Pioneering the automation of the balanced scorecard, CorVu has been a
thought leader in performance management software for more than 10 years.
CorVu uniquely combines performance metrics, initiatives, budgeting and
planning, risk management, and reporting in a single application. The CorVu 5
solution is a purpose-built application that is easy to use, scalable, and
rapidly deployable. For more information, visit http://www.corvu.com.
Forward-Looking Statements
This announcement contains statements regarding the Company's growth,
revenue and profitability that constitute forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
statements appear in a number of places in this release. These statements
involve a variety of risks and uncertainties, known and unknown, including,
among others, the risk that the hiring of a new CEO may not have any positive
effects on the Company's growth, revenue and profitability. Investors are
cautioned that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that actual
results may differ materially from those projected in the forward-looking
statements as a result of the various factors discussed herein.
SOURCE CorVu Corporation
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Related links:
http://www.corvu.com
CONTACT:
Michelle Duke of CorVu Corporation,
+1-678-366-4914, or michelle.duke@corvu.com
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