Shrewsbury, NJ (PRWEB) November 06, 2012
Wayside Technology Group Inc. (NASDAQ:WSTG) today announced that Simon F. Nynens, the company’s Chairman, President & CEO, has been honored by the New Jersey Technology Council (NJTC) as the 2012 Public Company CEO of the Year.
The New Jersey Technology Council CEO of the Year Awards honor leaders, who have demonstrated vision and leadership having guided their companies to new levels of growth, achievement or recognition. The CEO’s company must be innovative in its relationships with employees and customers, as well as exhibit excellence in its field. Lastly, the truly outstanding CEO offers their private sector skills and creativity to community and environmental efforts.
“Simon Nynens personifies the qualities of vision, leadership, and creativity,” said Maxine Ballen, President and Chief Executive Officer, New Jersey Technology Council. “Having worked closely with Simon over the past several years during his tenure as Chairman of the NJTC Board of Directors, I have gained a tremendous amount of respect and admiration for him. Congratulations, Simon, you are truly deserving of this award!”
Since joining Wayside Technology Group in January 1998, Simon has held various positions including Executive Vice President, Chief Financial Officer and Chief Operating Officer. He was appointed President and Chief Executive Officer Group in January 2006, and later that year as Chairman of the Board.
Under Simon’s leadership, Wayside has been profitable and as of September 30, 2012 has paid dividends to our shareholders for 39 consecutive quarters. For 2011, the Company achieved record revenues of $250 million and net income of $5.5 million. Wayside subsidiaries include Lifeboat Distribution, an international distributor of software products and services; and TechXtend, a leading value-added reseller of software, systems and solutions across the United States and Canada.
A graduate of the Advanced Management Program at Harvard Business School, Simon currently serves as a Board member of the New Jersey Chapter of the Young Presidents Organization and also of the New Jersey Technology Council. In 2011, Simon was honored as the Ernst & Young Entrepreneur Of The Year® 2011 for New Jersey in the Technology Services category.
About Wayside Technology Group
Wayside Technology Group, Inc. (NASDAQ: WSTG) was founded in 1982 and is a unified and integrated technology company providing products and solutions for corporate resellers, VARs, and developers as well as business, government and educational entities. The company offers technology products from software publishers and manufacturers such as Acronis, CA Technologies, DataCore, Datawatch, Dell, Flexera Software, GFI, Hewlett Packard, Infragistics, Intel Software, Lenovo, Microsoft, Mindjet, Quest Software, SolarWinds, Sophos, StorageCraft Technology, TechSmith, Veeam, Vision Solutions and VMware. Additional information can be found by visiting http://www.waysidetechnology.com.
About New Jersey Technology Council
The New Jersey Technology Council (NJTC) provides business support, networking opportunities, information, advocacy, and recognition of technology companies and their leaders. Founded in 1996, NJTC's member companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the United States.
The statements in this release concerning the Company’s future prospects are forward-looking statements that involve certain risks and uncertainties. Such risks and uncertainties include the continued acceptance of the Company’s distribution channel by vendors and customers, the timely availability and acceptance of new products, and contribution of key vendor relationships and support programs. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in our filings with the Securities and Exchange Commission.