FOR IMMEDIATE RELEASE
Corum Group Announces the Promotion of Senior Vice President, Miro S. Parizek, to Managing Director
Zurich, Switzerland (March 31, 2006) Corum Group International, a global leader in M&A services to software and IT companies, today announces the promotion of Senior Vice President, Miro S. Parizek, to Managing Director. Mr. Parizek will be responsible for all of Corums business outside of the United States. Bruce Milne, Corums founder and Chairman, will maintain a leadership role in the group though he will focus increasing efforts on international development to expedite expansion into China and India.
"Miro has been a key factor in our success for the past eight years. His expertise has been instrumental in dozens of successful M&A transactions as well as operations and strategic planning for Corum Group International, says Milne.
Mr. Parizeks has been in the software industry since 1983 when founding his first venture, North American Software. After a successful exit, he went on to found other software businesses in Europe. Mr. Parizek continues to own interests in various software related ventures. In addition to his entrepreneurial activities before joining the Corum Group in 1998, he was a founding member of the German Software Association and active as its treasurer before merging it with the DMMV to create the German Association for the Digital Economy of which he continues to be a board member. He graduated from University of Pennsylvanias Management and Technology Dual Degree Program, earning degrees from both the Wharton School of Business with a major in International Finance and Marketing, and the Moore School of Engineering with a major in Computer Science.
As Managing Director, Mr. Parizek plans to continue building the team throughout Europe and Asia and states, after completing seventeen transactions in the last five quarters of which nearly 50% were cross-border, the Corum Group is now looking to hire new professionals in France, Scandinavia, Israel and Asia to support the growing demand for our services.
About Corum:
The Corum Group, with over €5 billion worth of transaction experience and a 20-year history, is the premier provider of M&A services exclusively dedicated to software and information technology companies worldwide. With offices in four countries (HQ in Seattle and Zurich, regional teams across Western Europe and North America), Corum has advised on more than 200 acquisitions in fourteen countries, generally representing sellers with revenues between €5 million and €100 million running profitable, growing businesses. Corum is built and staffed by highly experienced former CEOs, who are supported by the industrys leading researchers, writers and valuators. The company, which publishes the industrys most widely distributed M&A research, has spent more than $20 million to build the worlds largest IT database (with over 70,000 contacts) to help ensure unparalleled success in client engagements. For more information, visit: www.corumgroup.com.
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