Company to combine sales and marketing efforts across product lines;
Announces resignation of Division President Deborah Jillson, Tim Bacci
to transition to President and CEO
Company Website:
http://www.daegis.com
IRVING, Texas -- (Business Wire)
Daegis
Inc. (NASDAQ:DAEG), a global information governance, migration
solutions and development tools company, today announced a broader
strategy to align sales and marketing across its entire product
portfolio. The Company will move from selling products through business
divisions to a holistic approach by product line featuring information
governance, migration and development tool solutions.
Cloud, mobility, analytics and migration are enterprise imperatives
where companies are looking for single source, seamless and
comprehensive product solutions. In order to best align to meet this
need, Daegis will market and sell all products and services in a
corporate portfolio of Information Governance with archive and
eDiscovery products, migration toolsets, and mobile development and data
management software. Technical support and client services will continue
to be delivered in their current fashion to ensure a consistent, high
level of customer satisfaction.
In combination with a direct sales strategy across the solution
portfolio, Daegis will be deeply focused on executing its regional and
global channel strategy. Significant technological advancements were
made over the past year to productize key offerings in order for
partners to easily sell, install and support.
“We’re continuing our top line growth strategy with this move to sell a
combined product portfolio,” said Tim Bacci, CEO of Daegis. “We are
focused on making it easier for corporate buyers and the channel of
value added resellers and system integrators both domestically and
internationally to understand our company, our brands and our products.
As we talk to prospective customers about archiving and eDiscovery for
example, we are learning there may also be a directive to move away from
Lotus Notes or earlier versions of Oracle Forms, migrate email platforms
or create mobile applications. With our comprehensive portfolio, we are
ideally positioned to sell directly and partner with solution providers
in order to achieve our revenue milestones.”
As Daegis advances this plan of a broadened enterprise portfolio focused
on both direct and channel sales strategy, the role of a Division
President is no longer necessary. Accordingly, Deborah Jillson has
resigned effective September 19, 2014 and will be consulting with the
Company through October 17, 2014 to ensure a smooth transition. “Deborah
is a highly regarded business executive and her archive, information
governance, legal and eDiscovery acumen were instrumental as we
transformed our business during the last two and a half years. I wish
her all the best in her future endeavors,” Bacci commented.
Daegis further announced that Mr. Bacci has reached an agreement with
the Board of Directors to accept the positions of President & Chief
Executive Officer as an employee of the Company. Mr. Bacci was appointed
Interim CEO in January 2013 and his current consulting arrangement will
be replaced with an executive employment agreement.
“In corporations there is typically a need to manage, govern and
mobilize massive data sets as business requirements evolve that is
larger than any single software point solution can offer,” added Bacci.
“I am confident in our readiness and focus on a broad portfolio direct
sales approach that, combined with the execution of our channel
strategy, solidly positions us to take advantage of this opportunity.
Our search for a proven sales executive with expertise in enterprise
software both directly and via the channel is underway.”
Investor Conference Call
Management will host a short conference call September 23, 2014, at 4:00
p.m. CT (5:00 p.m. ET) to discuss today’s announcement. The call can be
accessed by dialing 888-364-3108 or 719-325-2281 for international
callers. Additionally, the conference call will be webcast on the Daegis
website at www.daegis.com.
A replay of the call will be available through October 3, 2014 by
dialing 888-203-1112 or 719-457-0820 for international callers and using
the following passcode: 8187701.
About Daegis Inc.
Daegis
Inc. (NASDAQ:DAEG) is a global enterprise software and services
company with comprehensive product offerings for information governance,
migration and application development. Our products include leading-edge
information archive and eDiscovery, technology assisted review, mobile
application development, application migration and data management
software. Daegis also offers specialized services including analytics
consulting, project management, managed document review and professional
services and support. Approximately 20% of Fortune 100 companies use our
software. We are headquartered in Irving, Texas with offices in
Rutherford, New Jersey and Roseville, California as well as in
Australia, Canada, France, Germany and the UK.
Some of the information in this press release may contain projections
or other forward-looking statements regarding future events or the
future financial performance of the Company. We wish to caution you that
these statements involve risks and uncertainties and actual events or
results may differ materially. When the words “believes,” “expects,”
“plans,” “projects,” “estimates” and similar expressions are used, they
identify forward-looking statements. These forward-looking statements
are based on management’s current beliefs and assumptions and
information currently available to management and involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by these forward-looking statements.
Examples of forward-looking statements in the press release include the
statements made by Mr. Bacci. Among the important factors which could
cause actual results to differ materially from those in the
forward-looking statements are general market and economic conditions,
our ability to execute our business strategy and integrate acquired
businesses, the effectiveness of our sales team and approach, our
ability to target, analyze and forecast the revenue to be derived from a
client and the costs associated with providing services to that client,
the date during the course of a fiscal year that a new client is
acquired, the length of the integration cycle for new clients and the
timing of revenues and costs associated therewith, our client
concentration given that the Company is currently dependent on a few
large client relationships, potential competition in the marketplace,
the ability to retain and attract employees, market acceptance of our
service programs and pricing options, our ability to maintain our
existing technology platform and to deploy new technology, our ability
to sign new clients and control expenses, the possibility of the
discontinuation of some client relationships, the financial condition of
our clients' business and other factors detailed in the Company's
filings with the Securities and Exchange Commission.
Contacts:
Daegis
Susan K. Conner, 214-584-6427
sconner@daegis.com
Source: Daegis Inc.
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