Former Ascential Chairman and CEO joins webMethods Board as an Independent Director
FAIRFAX, Va. - May 10, 2006 - webMethods, Inc. (Nasdaq: WEBM), a leading business integration and optimization software company, today announced that the Board of Directors has elected Peter Gyenes to the Board as an independent director. Mr. Gyenes will serve as a Class II Director until the 2007 annual meeting of webMethods stockholders.
"We are very pleased to have Peter join the Board of Directors," said Bill Russell, non-executive Chairman, webMethods, Inc. "Peter's strong background in the technology industry as well as his extensive operational and management experience makes him a great addition to the Board."
Mr. Gyenes brings over four decades of software and computer industry experience to the webMethods Board. Most recently, Mr. Gyenes served as Chairman and Chief Executive Officer of Ascential Software until it was acquired by IBM in 2005. Mr. Gyenes had previously served since 2000 as the Chairman and Chief Executive Officer of Informix Software, Ascential's predecessor firm, which was created following the sale of Informix's database business to IBM under his leadership. Mr. Gyenes joined Informix through its acquisition of Ardent Software, where he had served as Chairman, President and CEO since joining the firm in 1996. Previously, Mr. Gyenes had served as President and Chief Executive Officer of Racal InterLan Inc. and has held global executive sales, marketing, and general management positions with the Data General Corporation, Encore Computer Corporation, and Prime Computer, Inc. Earlier in his career, Mr. Gyenes held technical positions at Xerox Data Systems and at IBM.
"Peter brings a wealth of experience to webMethods. Having had the opportunity to work with Peter over the last couple of years, I'm confident that he will be a significant asset to the company," said David Mitchell, President & CEO, webMethods, Inc.
Mr. Gyenes currently serves on the boards of Applix, Inc. (Nasdaq: APLX) and ViryaNet, Inc. (Nasdaq: VRYA), as well as several privately-held technology companies and the Massachusetts Technology Leadership Council.
Mr. Gyenes is a graduate of Columbia University, where he received a B.A. in mathematics and an MBA.