SOUTHFIELD, Michigan – May 7, 2007 – nCode
a leading provider of durability and engineering data management
software and instrumentation, announced today that Michael Singer
has joined the Company as its Chief Executive Officer and a member
of its Board of Directors.
Brian Dabell, who has successfully led the Company over the past eight years as nCode’s CEO, will move into the newly created position of Executive Vice President – Business Development. In this capacity, Brian will apply his extensive industry knowledge and contacts to focus on aggressively expanding nCode’s presence in the engineering durability and asset performance monitoring markets. In addition, he will spearhead the Company’s growth into related markets, such as predictive analytical solutions for large commercial and military fleets, among others.
nCode is owned by Coller Capital (www.collercapital.com) and is managed by Nova Capital Management (www.nova-cap.com).
Dennis Powers, portfolio director of Nova Capital Management and Chairman of the Board of nCode said, “We are excited to have Michael join the leadership team of nCode as we continue to invest in the Company’s growth and expansion. Michael is a proven leader with a stellar record of success and accomplishment.”
“Over its 25 year history,” Mr. Powers continued, “nCode has earned a reputation as the leading provider of engineering durability and data management software solutions for a blue chip list of global Fortune 100 companies in several very large industries, including automotive, aerospace, heavy machinery, energy, mining and rail. From this position of strength, we are poised to accelerate our growth and market penetration.”
“Michael has demonstrated a clear ability to successfully grow technology companies. As we look forward,” said Ralph Forster, Investment Director of Nova Capital Management and a member of nCode’s Board of Directors, “we expect Michael to help accelerate our strong organic growth, leveraging nCode’s robust engineering data management software and predictive analytical capabilities, and couple this with focused, strategic acquisitions.”
Michael Singer said, “Combining forces with nCode and its leadership team is a terrific opportunity. Together we share a common vision for leveraging nCode’s strong market position and reputation as we aggressively look to grow and expand. With market leading products, a highly regarded, world-class engineering and software development team and a strong capital position, we have both the passion and the proven resources to make this company a huge success.”
Prior to joining nCode, Mr. Singer lead and/or was part of the executive management teams of several Michigan based technology companies including Entyre, a leading provider of software and services for mortgage lenders; StoneAge Corporation, which operated as Car.com, one of the largest data aggregators and providers of in market, automotive consumer leads; and MAVRICC Management Systems, a leading provider of outsourced financial and human resources recordkeeping and transaction processing services.
Prior to moving to Michigan in 1997, Mr. Singer spent ten years as a partner in a management consulting firm in New York City.
Mr. Singer holds an MBA in finance from Columbia Business School and a bachelor of science degree in accounting from University of Pennsylvania's Wharton School of Business.
About nCode International
nCode is a leading global provider of durability test & measurement, fleet monitoring, and product design (CAE) solutions. nCode offers a unique combination of measurement instruments, software, and services that help customers eliminate unexpected failures by measuring and converting durability, performance and operational data into information from which intelligent business decisions can be made. Established in 1982, nCode has direct offices in Europe, North America, and Asia. For more information about nCode, please visit www.ncode.com.
nCode products include: ICE-flow GlyphWorks, Library, and DesignLife, SoMat eDAQ, and eDAQ-Lite. The nCode Logo, nCode, ICE-flow GlyphWorks, ICE-flow Library, ICE-flow DesignLife, SoMat eDAQ, and eDAQ-Lite are trademarks or registered trademarks of nCode International Corporation in the USA and/or other countries.
Date: May 7, 2007