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News Release ON Technology Promotes Harald
Faulhaber Seasoned Executive to Drive Continued European Business Expansion Waltham, MA (September 20, 2001) – ON Technology Corporation (Nasdaq:ONTC), a leading provider of remote software and content management solutions, announced today that Harald E Faulhaber, 42, has been promoted to Vice President, European Operations, effective immediately. According to the announcement by ON Technology Chairman, President and CEO Robert L Doretti, the promotion recognizes Faulhaber’s contribution to the Company’s successful Central European expansion and market share gains. Faulhaber brings over fourteen years of hands-on management experience in software sales, service and support. Reporting to Doretti, Faulhaber will be now be responsible for the entire European sales, customer support, professional services and field marketing functions. In Faulhaber’s previous position he tripled revenue and increased the installed base of customers by a like amount. In addition, his group closed sales with major European accounts such as Credit Suisse, Deutsche Bank, Pfizer, Munich Reinsurance, Agip, and Siemens Business Services. “We are pleased to announce Harald’s promotion,” said Doretti. “Harald has been instrumental in ON’s market expansion in Southern and Central Europe over the last four years, and therefore the logical choice for this position. We will now look to him to accelerate the growth of ON Technology throughout all of Europe.” Faulhaber commented, “In my new position as Vice President of European Operations, my group will continue to develop new customers by creating brand awareness for our products in the European market.” He added, “I’m confident that we can achieve comparable results in market share gains throughout Europe like those we have had in Southern and Central Europe.” Prior to joining ON Technology in 1997, Faulhaber held key sales management positions at Xerox Corporation (NYSE:XRX) and Applix Inc. (Nasdaq:APLX). Faulhaber is a graduate of the University of Osnabrück with a degree in Mathematics and Physics. He lives in the Munich area with his wife and two children. The Company also announced that Laurent Raynaud, its Vice President of Western European Field Operations, left the Company to pursue other opportunities. About ON Technology Corporation ###
ON Technology, ON Command, and ON Command CCM are registered trademarks, and the ON logo and ON iCommand are trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and other countries. All other brand names and trademarks are properties of their respective owners. The statements in this press release that relate to ON Technology’s future plans, events and performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, including the current weakness in the global economy, demand for the Company’s products and services, performance of the Company’s direct and indirect distribution channels, competitive pressures, market acceptance of the Company’s new products and technologies, and the risk factors detailed from time to time in ON Technology’s periodic reports filed with the Securities and Exchange Commission, including without limitation the Company’s Quarterly Report on Form 10-Q for the third quarter of 2003 filed in November 2003. Actual results and performance may differ materially due to these and other factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. ON Technology undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained in this press release that may reflect events or circumstances occurring after the date of this press release.
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