Executive Vice President of PeopleSoft, Inc. to Join VA Software Board of Directors
FREMONT, Calif. February 19, 2002 VA Software Corporation (Nasdaq:LNUX), provider of the SourceForge™ collaborative software development platform, today announced that Ram Gupta, executive vice president of Products and Technology, PeopleSoft, Inc. (Nasdaq:PSFT) was elected to the VA Software Board of Directors.
Gupta, with more than 17 years of experience, brings with him a long history of success within the software management industry. In his current role at PeopleSoft, Gupta is responsible for PeopleSoft's new generation of Internet applications and the company's technology infrastructure. He directs product strategy, product marketing, product development and product support worldwide.
Prior to joining PeopleSoft in 2000, Gupta was senior vice president and general manager for Healtheon|WebMD Corp., an Internet healthcare company, where he led the launch of WebMD Practice, the premier internet portal for healthcare providers. He was also responsible for leading development of the Healtheon Integration Platform, which was honored with the Smithsonian Computerworld award for the year 2000. Before working at Healtheon|WebMD, Gupta was the director of the Multimedia Networking Group at Silicon Graphics. He has also managed operating systems development at IBM and networking products development at Ungermann Bass and at Philips in Europe.
"We are honored that Ram has agreed to join VA's Board. He has demonstrated strong leadership at PeopleSoft, as well as in his previous roles, and we believe he is ideally suited to help VA Software and SourceForge in the coming years," said Larry M. Augustin, CEO and Chairman, VA Software. "His software management experience and strong product vision will be great assets to the company."
"I look forward to working with the team at VA," said Gupta. "The SourceForge platform demonstrates the high level of innovation the software industry is looking for right now. This product was designed to solve the tremendous development issues currently facing software developers."
Gupta holds a master's degree in Computer Science from the University of Massachusetts, as well as three patents.
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 ForwardLooking Statements: This press release contains forwardlooking statements that involve risks and uncertainties, including statements regarding VA's: future financial performance and results of operations, including anticipated revenue, cash usage and net loss from operations; technological trends in and emergence of collaborative software development; the future functionality, market acceptance and adoption of, business potential and demand for, and efficiencies created by SourceForge enterprise software; management's strategy, plans and objectives for future operations; the impact of our restructuring, reductions in force and new business model on our operating expenses and the amount of cash utilized by operations each quarter; our intentions and strategies regarding customers and customer relationships; our intent to continue to invest significant resources in software development; our intent to develop longterm relationships and strategic alliances; competition, competitors, the bases of competition and our ability to compete; liquidity and capital resources; and sales strategy and anticipated benefits from such strategy. Actual results may differ materially from those expressed or implied in such forwardlooking statements due to various factors, including: unforeseen expenses that VA may incur in future quarters; the possibility that VA will not identify sufficient sources of expense reduction; VA's quarterly sales cycle and fluctuation in demand for VA's products and services; competition with, and pricing pressures from, more established competitors; VA's success in expanding its SourceForge enterprise software business; the risk that VA's restructuring efforts will not succeed; 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; rapid technological and market change; future guidelines and interpretations regarding software revenue recognition; 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 Annual Report on Form 10K for the fiscal year ended July 28, 2001, 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 forwardlooking information contained in this news release.
Note to editors: VA Software and SourceForge are trademarks of VA Software Corporation. All other trademarks are property of their respective owners.
Marla Kramer, Media Relations