CHELMSFORD, Mass., July 23, 2014 /PRNewswire/ -- Datawatch
Corporation (NASDAQ-CM: DWCH), a leading global provider of visual
data discovery solutions, announced today the appointment of
Joan McArdle to its board of
directors. Ms. McArdle is an experienced software industry finance
and business leader in Massachusetts. She has been with
Massachusetts Capital Resource Company (MCRC) since 1985 and has
served as a senior vice president for MCRC since her appointment to
that position in 2001. While serving in this capacity at
MCRC, and in connection with MCRC's funding to support Datawatch's
acquisition of Math Strategies in 2012, Ms. McArdle previously
served as an observer at Datawatch's board meetings. Prior to
joining MCRC, Ms. McArdle was employed by the First National Bank
of Boston in a variety of roles,
leaving the firm as a Vice President in the Large
Corporate/Multinational Group. Ms. McArdle is also a member
of the Board of Directors of Aspen Technology, Inc. and serves on
the Boards of Directors of a number of private companies. Ms.
McArdle received an AB degree in English from Smith College.
"We got to know Joan and see the value of her contributions when
she served as an observer to the board in 2012 and 2013. We
are delighted to welcome her to Datawatch's board of directors,"
said Richard de J. Osborne, chairman
of the board, Datawatch. "Her experience advising software
companies in similar stages of their development will be invaluable
as Datawatch continues on its mission to be the leader in real-time
visual data discovery solutions."
"I am excited to join the board of this major player in the
visualization market at such a pivotal time in the company's
development," said Joan McArdle.
"Datawatch's growth objectives are justifiably ambitious for this
rapidly evolving market and I look forward to contributing to the
company's long-term success."
About Datawatch Corporation
Datawatch Corporation
(NASDAQ-CM: DWCH) provides visual data discovery software that
optimizes any data – regardless of its variety, volume, or
velocity – delivering next generation analytics to reveal valuable
insights for improving business. Its unique ability to
integrate structured, unstructured, and semi-structured sources
like reports, PDF files and EDI streams with real-time streaming
data into visually rich analytic applications allows users to
dynamically discover key factors that impact any operational aspect
of their business. This ability to perform visual discovery against
any data sets Datawatch apart in the big data and visualization
markets. Organizations of every size, worldwide use Datawatch
products, including 99 of the Fortune 100. Datawatch is
headquartered in Chelmsford,
Massachusetts with offices in New
York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in
more than 100 countries worldwide. See the Whole Story for yourself
by downloading the free trial at www.datawatch.com/trial.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Any statements contained in this press
release that do not describe historical facts may constitute
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Any such statements,
including but not limited to those relating to results of
operations, contained herein are based on current expectations, but
are subject to a number of risks and uncertainties that may cause
actual results to differ materially from expectations. The factors
that could cause actual future results to differ materially from
current expectations include the following: risks associated with
the continuing weak global economy; risks associated with
fluctuations in quarterly operating results due, among other
factors, to the size and timing of large customer orders; risks
associated with acquisitions, including the acquisition of
intellectual property from Math Strategies and the acquisition of
Panopticon; the volatility of Datawatch's stock price; limitations
on the effectiveness of internal controls; rapid technological
change; Datawatch's dependence on the introduction of new products
and possible delays in those introductions; competition in the
software industry generally, and in the markets for next generation
analytics in particular; Datawatch's dependence on its principal
products, proprietary software technology and software licensed
from third parties; risks associated with international sales and
operations; risks associated with indirect distribution channels
and co-marketing arrangements, many of which were only recently
established; the adequacy of Datawatch's sales returns reserve;
risks associated with a subscription sales model; Datawatch's
dependence on its ability to hire and retain skilled personnel;
disruption or failure of Datawatch's technology systems that may
result from a natural disaster, cyber-attack or other catastrophic
event; and uncertainty and additional costs that may result from
evolving regulation of corporate governance and public disclosure.
Further information on factors that could cause actual results to
differ from those anticipated is detailed in various
publicly-available documents, which include, but are not limited
to, filings made by Datawatch from time to time with the Securities
and Exchange Commission, including but not limited to, those
appearing in the Company's Annual Report on Form 10-K for the year
ended September 30, 2013 and
quarterly report on Form-10Q for the quarters ended December 31, 2013 and March 31, 2014. Any forward-looking statements
should be considered in light of those factors.
Investor Contact:
Datawatch Investor
Relations
investor@datawatch.com
Phone: (978) 441-2200 ext. 8323
Media Contact:
Sarah Bernardi
Datawatch Corporation
Sarah_Bernardi@datawatch.com
Phone: (978) 441-2200 ext. 8387
Twitter: @datawatch
© 2014 Datawatch Corporation. Datawatch and the Datawatch logo
are trademarks or registered trademarks of Datawatch Corporation in
the United States and/or other
countries. All other names are trademarks or registered trademarks
of their respective companies.
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SOURCE Datawatch Corporation