LOS GATOS, Calif., Nov. 1 /PRNewswire/ -- Red Brick(TM) Systems, Inc.
(Nasdaq: REDB), The Data Warehouse Company(TM), today announced Andrew K.
Ludwick has been elected to its board of directors.
Ludwick, 51, until recently was president and chief executive officer of
Bay Networks, Inc., the company created in 1994 by the merger of SynOptics
Communications, Inc., which he co-founded, and Wellfleet Communications, Inc.
Under Ludwick's leadership, SynOptics grew from a startup company to more
than $700 million in revenues by 1994 and was recognized as a leader in the
hub, switching and network management market. As president and CEO of Bay
Networks, he successfully led its first two years as a merged company. Bay
Networks reported revenue in excess of $2.1 billion during its most recent
fiscal year.
Ludwick resigned these positions last month and remains a member of the
board of directors of Bay Networks.
"We are pleased to have Andy join our board and help guide us through our
next exciting phase of growth," said Chris Erickson, chairman of the board,
president and CEO of Red Brick. "His experience in strategic marketing,
managing high-growth, and establishing a company as an industry powerhouse, is
well-suited to Red Brick's target of becoming the predominant supplier of
products and service for the fast-growing data warehouse market."
Prior to co-founding SynOptics, Ludwick was with Xerox Corporation for
approximately 15 years in a variety of positions in marketing, market planning
and sales operations. He began his career with Scientific Data Systems.
Ludwick holds a bachelor of arts degree from Harvard College and a masters of
business administration degree from the Harvard Business School. Ludwick was
granted Harvard's 1996 Alumni Achievement Award, which is given annually to
alumni who represent the highest standards of professional achievement.
Ludwick replaces former Red Brick board of directors member William
Hambrecht, 60, chairman of the Hambrecht & Quist Group and its principal
subsidiary Hambrecht & Quist LLC., who resigned last month. Hambrecht had
been a member of the board of directors of Red Brick since July 1993.
"I've thoroughly enjoyed my involvement on Red Brick's board and think the
company has put in place as good a management team as I've ever seen," said
Hambrecht. "I got in at Red Brick's venture phase and now that the company
has successfully gone public, my role has been fulfilled. I look forward to
remaining a long-term Red Brick stockholder and believe Andy Ludwick is a
top-notch guy to help Red Brick through its next phase of growth."
About the Company
Red Brick Systems, Inc. is the leading provider of data warehouse products
and service. The company, based in Los Gatos, Calif., specializes in software
products used for fast, accurate and confident business decision-making on
large client/server databases.
Except for the historical information contained herein, the matters
discussed in this news release include forward-looking statements that involve
risks and uncertainties described from time to time in the Company's filings
with the Securities and Exchange Commission (SEC). In particular, see "Risk
Factors" in the Registration Statement on Form S-1 effective Jan. 22, 1996 and
in the most recent Quarterly Report on Form 10-Q filed with the SEC on
November 1, 1996.
NOTE: Red Brick and logo is a registered trademark, and Red Brick and The
Data Warehouse Company are trademarks, of Red Brick Systems, Inc. All other
trademarks and registered trademarks are the property of their respective
holders.
SOURCE Red Brick Systems, Inc.
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CONTACT: Investors, Robert C. Hausmann, Vice President ''&'' Chief Financial Officer, 408-399-3204, or media, Mark L. Olson, Director, Corporate Marketing, 408-399-7140, or marko@redbrick.com, both of Red Brick Systems
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