Parascript Appoints New President and CEO, Announces Move to New Headquarters

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Alexander Filatov and Bill Pearlman named President and Chief Executive Officer respectively

“We are delighted to have a distinguished team leading our company to the next level with Alexander Filatov and Bill Pearlman,” said Aron Katz, Chairman of the Board.

Parascript, LLC, the image analysis and pattern recognition technology provider, today announced that Alexander Filatov and Bill Pearlman have been named President and Chief Executive Officer respectively.

Dr. Filatov, formerly Parascript’s Senior Vice President, has been with the company since it was founded in 1996. He has 20 years of research and development expertise in the fields of pattern recognition, image processing and artificial intelligence. Bill Pearlman, a Parascript board member, served as Parascript’s President and CEO from 1996 to 2000, taking the company from a small startup to a prospering organization with an impressive growth and customer list.

“We are delighted to have a distinguished team leading our company to the next level with Alexander Filatov and Bill Pearlman,” said Aron Katz, Chairman of the Board. “Alexander has been invaluable to the success of the company since its inception, and we are thrilled to have Bill back as part of our management team. We also thank Jeffrey Gilb, our former President and CEO, for his contributions over the past nine years as we look forward to accelerating execution of the company’s strategy.”

In addition, Parascript announced the move to new headquarters in August. Alexander Filatov said, “We are very excited to start this new chapter in our company at a new location that will better meet our current needs.”

New headquarters are located at 6273 Monarch Park Place in Longmont, Colorado.

The company also recently announced that it was awarded the prestigious STAR Supplier Award by Lockheed Martin. The award recognizes Parascript’s achievements in working with Lockheed Martin in meeting some of the most stringent performance criteria in the mail processing industry.

About Parascript, LLC
The Parascript image analysis suite extracts meaningful information from images. Employing patented digital image analysis and pattern recognition technologies, the Parascript image analysis suite improves decision quality in medical imaging, postal and payment automation, fraud detection, and forms processing operations. Parascript software processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government, and financial institutions rely on Parascript products. Organizations include the U.S. Postal Service, Böwe Bell + Howell, CheckFree – now part of Fiserv, Elsag, Lockheed Martin, NCR, Siemens, and Unisys. Parascript is online at http://www.parascript.com.

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Claudette Allingham

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