Article Details  

CYA Technologies Appoints Wayne Crandall as President and CEO

New Management Team Marks Formal Separation from Phoenix Systems Integration

TRUMBULL, Conn. – July 12, 2005 - CYA® Technologies, Inc., a leading provider of business continuity solutions, today announced the appointment of Wayne Crandall as president and CEO. The appointment also marks the formal separation from Phoenix Systems Integration, LLC, which had previously shared a common management team with CYA. Phoenix will assume a traditional reseller role offering CYA products. Representatives from investors YankeeTek Ventures, H.I.G. Ventures, and Connecticut Innovations will continue to serve on the CYA Board of Directors. Additionally, Allen Deary, the former interim CEO of CYA, has been elected to the Board of Directors.

“We are very excited to have Wayne on board and are committed to helping the new CYA build on its success,” said Jack Genest, chairman of CYA. “Wayne’s cross-functional experience in the software business will be invaluable as we look to move CYA from an engineering and conceptual product company to a solutions-focused company. His operational background and industry relationships and experience will take CYA to the next growth stage and broaden our market acceptance.”

“There is a tremendous market opportunity for CYA,” said Crandall. “We have a product portfolio that is unique in the industry and brings significant value to enterprise content management and traditional back-up system users. I am looking forward to working with our outstanding CYA team to grow the business and bring innovative products to expand the business continuity software market.”

Crandall’s 25-year career in technology spans sales, marketing, product management, strategic development and operations. Prior to joining CYA Technologies, he served as an executive officer and senior vice president of sales and business development at ScanSoft Inc., responsible for a $100 million revenue business unit. Prior to ScanSoft Inc., he was the European managing director of Xerox Imaging Systems, a wholly owned subsidiary of Xerox Corporation where he established them as the market leader in document recognition software in Europe. Crandall has also held leadership positions at Kurzweil Computer Products, Philips Information Systems, NV, Lexitron, a division of Raytheon Data Systems and Savin Business Machines.

About CYA Technologies
Headquartered in Trumbull, Conn., CYA Technologies, Inc. provides Business Continuity software and solutions to protect mission-critical documents and their associated intelligent workflow. Our innovative solutions for use with the world’s leading content management platforms utilize an information-aware technology driven by a built-in intelligence that understands the organization of an application’s structured information to enable the recovery of both the document and its workflow intelligence and metadata. The goal of CYA’s solutions is to mitigate the risk of information loss, thus reducing company costs, increasing productivity and ensuring against monetary loss. For more about CYA Technologies, please visit www.cya.com.

Return