170 Systems names David Ellenberger as new CEO

20 year veteran of building and growing high technology organisations

170 Systems, a leading provider of business process management software for Global 1000 enterprises, has named David Ellenberger as its new chief executive officer.  In addition to his role as CEO, Ellenberger will also join the board of directors of 170 Systems Inc.

A twenty year veteran of building and growing high technology organisations, Ellenberger joins 170 Systems from Vividon, a streaming media technology company, where he was president and CEO prior to its merger with Starbak Communications.  Ellenberger also served as president of DataSage, a software and services company acquired by Vignette Corporation, and held senior management positions with Data General and AT&T Bell Labs.

Davids experience and leadership will be a tremendous asset for 170 Systems as we continue our growth," said Karl Buttner, president and co-founder of 170 Systems.  He brings a great track record of building successful enterprise software organisations, and we are privileged to have him on board.  Davids skills and experience will be very valuable to 170 Systems as we continue to respond to the demand the market has shown for our products and services."   Buttner continues to direct the 170 Systems product and technology strategy, and is responsible for the companys products.

As companies continue to streamline their business processes and demand higher levels of ROI from enterprise applications, there is tremendous continuing market opportunity for 170 Systems," adds Ellenberger.   The company has optimised savings in multiple ways across virtually all business functions within large companies -- Financial Management, Procurement, Human Resources, Order Management.  I look forward to working with the management team and board of directors to continue the strong growth that the company realized in 2002 in a truly challenging business climate."

Ellenberger is currently a member of the board of directors of Ascential Software.  He holds an M.B.A. in marketing and finance from the University of Chicago, an M.S. in computer engineering from Stanford University, and a B.S.E.E. from Iowa State University.