Andre M. Boisvert to Join VA Software's Board of Directors
FREMONT, Calif. March 20, 2002 VA Software Corporation (Nasdaq:LNUX), provider of the Source Forge(TM) collaborative software development platform, today announced that Andre M. Boisvert, former President of SAS Institute Inc. and software industry veteran, has joined the VA Software Board of Directors.
With more than 25 years of experience in the software industry, Andre Boisvert most recently served as president and chief operating officer of SAS Institute, Inc., the world's largest privately held software company with annual revenues in excess of a $1 billion. Mr. Boisvert began his career with IBM Corporation where he spent 13 years in a variety of senior mangement positions in sales, marketing and software development. After leaving IBM in 1989, Mr. Boisvert went on to guide the strategic directions of several well known software companies such as Cognos Corporation and Oracle Corporation, where he was senior vice president, Worldwide Marketing, and a member of Oracle's management committee. Mr. Boisvert also played a pivotal role in the successful transformation of Wang Laboratories Inc. from a hardware company to a software company.
Mr. Boisvert is currently a limited partner in two East Coast technology venture funds and a partner in a Danish Holding company, which in turn owns a portfolio of software and services companies with operations in continental Europe, the United Kingdom and the United States. In addition, Mr. Boisvert sits on the boards of several private and public technology companies, such as Sagent Technologies Inc. (Nasdaq: SGNT), where he serves as Chairman.
"We are thrilled that Andre is joining our Board of Directors. Andre is highly respected in the software industry, having worked with multiple large enterprise software firms on building a path to successful growth," said Larry M. Augustin, chairman and CEO, VA Software. "His experience and wealth of industry contact s will be invaluable to the company as we grow the SourceForge business."
"VA's outlook is very promising, and I look forward to contributing to the future direction of the company," said Mr. Boisvert. "SourceForge is an exciting product that will truly change the way software is developed and managed, especially when you consider the ever increasing trend by large enterprises to develop software which gets built through the collaboration of multiple divisions, in multiple geographical locations, on multiple platforms and in certain cases with external partners and vendors."
Andre Boisvert joins Legato CEO David Wright, and PeopleSoft Executive Vice President of Development Ram Gupta, as recent additions to the VA Software Board of Directors.
About VA Software
VA Software is the provider of SourceForge(TM), the collaborative software development (CSD) platform used by more than a quarter million developers worldwide. SourceForge Enterprise Edition helps IT and engineering organizations accelerate development by improving internal visibility and control through a centralized, integrated CSD platform. Information on VA Software's SourceForge enterprise software product, services and support is available at www.vasoftware.com.
Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding VA's prospects for future growth, the future functionality, market acceptance and adoption of, business potential and demand for, and efficiencies created by SourceForge enterprise software and trends in software development at large enterprises. Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including: competition with, and pricing pressures from, more established competitors; VA's success in expanding its SourceForge enterprise software business; VA's ability to achieve and sustain higher levels of revenue; VA's ability to successfully attract, retain and motivate employees; the possibility of further deterioration in the general economy and its impact on VA and its current and potential customers; VA's reliance upon strategic relationships with other companies and its ability to negotiate, close and implement specific terms relating to them; and VA's ability to protect and defend its intellectual property rights. Investors should consult VA's filings with the Securities and Exchange Commission, including its Quarterly Report on Form 10-Q for the fiscal quarter ended January 26, 2002, for further information regarding these and the other risks of the Company's business. These documents are available at the SEC Web site: www.sec.gov. VA assumes no obligation to update the forward-looking information contained in this news release.
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