Company continues to expand depth and breadth of executive team in
response to rapid growth
WAKEFIELD, Mass.--(Business Wire)--Picis, the leading provider of high-acuity care information
systems, today announced it has appointed Melissa Cruz as its
executive vice president and chief financial officer (CFO). At the
same time, it announced that R. Scott Lentz, its CFO since 2000, will
be assuming new duties as senior vice president of business
development, focused on strategic corporate development and business
alliances.
Cruz brings to Picis a 20-plus-year track record of building and
managing finance and operational organizations in global, high-growth
environments, both public and private, for a variety of technology
businesses. She was most recently the CFO at BladeLogic, Inc., a
publicly traded provider in the data center automation arena. During
her tenure there, the company grew at 100 percent annual rates, and
she was instrumental in preparing the company's initial public
offering (IPO).
Previously, Cruz was executive vice president and CFO at Concord
Communications, Inc., a business services management software company
that was acquired by Computer Associates in 2005. She also served as
director of finance at SeaChange International, Inc., international
controller at Wellfleet Communications (later Bay Networks, acquired
by Nortel Networks Corporation), and she began her finance career at
Digital Equipment Corporation (DEC). In addition to her strong finance
background, Cruz has also managed legal, human resources, information
technology and investor relations functions in her various positions.
"We are extremely pleased to add a seasoned financial leader with
such extensive software company experience to our team," stated Todd
Cozzens, president and CEO of Picis. "Melissa's experience in managing
all finance functions in a number of global software companies and at
both public and private enterprises will be invaluable to our growth
and expansion."
Lentz will remain with Picis, leading the company's business and
corporate development functions. He will be focused on strategic
investments and other corporate growth and business development
opportunities. During his tenure as CFO, Picis raised nearly $200
million in equity and debt financing, completed three major
acquisitions, and grew revenues by over 1500 percent.
"Scott Lentz has been instrumental in building Picis into the
leader it is today in the high-acuity space," continued Cozzens. "We
are truly fortunate that he can now focus on applying his deep
knowledge of our business and his domain expertise in both the
healthcare arena and corporate finance to drive additional
opportunities as we move forward."
Both appointments are effective immediately. For more information
on Picis, its solutions and management team, please visit
www.picis.com.
About Picis
Picis is an established provider of innovative healthcare
information technology solutions designed to transform the delivery of
patient care information in the high-acuity areas of the hospital,
including the emergency department, operating and recovery rooms and
intensive care units. Picis offers the most advanced suite of
integrated products focused on these life-critical areas of the
hospital where the patients are the most vulnerable, the care process
is the most complex and an increasing majority of hospital costs are
incurred. Headquartered in Wakefield, Massachusetts, Picis has
licensed systems for use in more than 1,300 hospitals in 19 countries.
More information is available at www.picis.com.
Picis is a registered trademark of Picis, Inc. (C) 2007 Picis,
Inc. All rights reserved. All trademarks mentioned herein are the
properties of their respective owners. This press release contains
express or implied forward-looking statements relating to, among other
things, Picis' expectations concerning management's plans, objectives
and strategies. These statements are neither promises nor guarantees,
but are subject to a variety of risks and uncertainties, many of which
are beyond Picis' control, which could cause actual results to differ
materially from those contemplated in these forward-looking
statements.
Picis
Ann Joyal, 1-781-557-3000
Corporate Communications
PR-Contact@picis.com
or
Schwartz Communications, Inc.
Dana Conti, 1-781-684-0770
Media Relations
picis@schwartz-pr.com
Copyright Business Wire 2007
