Michael Singer Joins nCode as CEO
 SOUTHFIELD,
Michigan, May 10, 2007 - nCode International (www.ncode.com),
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,” 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, 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, Singer spent ten years as a partner in a
management consulting firm in New York City. 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.
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May 10 - Michael Singer Joins nCode as CEO
Source: Material used in press releases is often supplied by external
sources and used as is.
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