Here's a story that emerged after the markets closed...
Wednesday March 26 4:21 PM EDT
Insignia Solutions Names Richard Noling President and Chief
Executive Officer
SANTA CLARA, Calif., March 26 /PRNewswire/ -- Insignia Solutions(R) (Nasdaq: INSGY) announced today that
Richard M. Noling has been named president and chief executive officer. Mr. Noling has served as chief financial
officer and senior vice president of finance and operations since joining the company in April 1996. He replaces Dr.
Robert P. Lee, who has been appointed vice chairman of the board of directors and will continue to serve on the
board. Nicholas, Viscount Bearsted, a board member, was named chairman of the board.
"I have great confidence in Rick's abilities and skills to lead this company forward," said Dr. Lee. "He has substantial
operating experience as well as a strong financial background. I believe he will be a strong leader to guide Insignia
through the challenges the company faces in the near term."
Lord Bearsted stated, "Dr. Lee helped to turn the company around in 1993 and 1994, and guided the company to a
public offering in 1995. The contributions he has made to the company are deeply appreciated."
Lord Bearsted served as the company's chief executive officer from 1988 to 1993, and has been a member of the
board of directors since 1988. His role as chairman will be as an active consultant to assist in the company's strategic
direction and product development plans. "I am pleased to have Nicky's assistance and counsel," said Mr. Noling. "We
will be making critical decisions in the near future to reduce operating expenses and focus on our development efforts
on products that will position the company for growth in the future. Nicky's guidance and background will be
invaluable.
"Yesterday, we began the process of minimizing expenses by reducing the company's headcount worldwide by more
than 10 percent," added Mr. Noling. "We will continue to take a hard look at operational expenses to ensure that they
are in line with revenues, and focus on effectively supporting our SoftWindows and NTRIGUE product lines."
Before joining Insignia Solutions, Mr. Noling was vice president and CFO at Fast Multimedia, Inc. In addition, he
was chief financial officer at Gupta Corporation. Mr. Noling also served as vice president and chief financial officer at
Data Technology Corporation (Qume Corp.) and Charlton Associates. He received a bachelor of arts degree from the
University of California (San Diego) in aerospace and mechanical engineering science.
He also has master's degrees in theology from the Fuller Theological Seminary, and in administration (emphasis on
finance and quantitative analysis) from the University of California (Irvine). Mr. Noling serves on the board of
directors for the Forest Home Christian Conference Center in Forest Falls, California, and is a member of the
Financial Executives Institute.
Lord Bearsted was deputy chief executive officer and a director of Hulton Deutsch Collection Ltd., a photographic
content provider. He founded Alliance Imaging Inc. in 1984, and served as a senior executive until 1987 and as a
director until 1988. He received a bachelor's degree in chemistry from Oxford University in 1972. He serves as a
director of Mayborn Group plc and is chairman of the Royal Free Hospital Medical School in London.
Insignia Solutions
Insignia Solutions is a leading provider of cross-platform compatibility solutions for all enterprise desktops, including
UNIX(R) workstations, Macintosh(R) computers, PCs, X terminals and network computers. The company's
SoftWindows(TM) product delivers Windows(R) and MS-DOS(R) applications to standalone desktops, and its
NTRIGUE(TM) product delivers Windows 95, Windows 3.x and Windows NT(R) to a variety of enterprise desktops
via a Windows NT server. The company's mission is to be the premier, worldwide supplier of quality software
solutions that enable its customers to use Windows applications on diverse platforms throughout the enterprise and
over the Internet.
The publicly-held company's U.S. headquarters are in Santa Clara, California, and its main R&D facilities are in
High Wycombe, England. Sales and Marketing departments are located in Santa Clara; Woburn, Massachusetts;
and High Wycombe. For additional information on Insignia and its products, call 800-848-7677 or visit the company's
Web site at insignia.com. 
NOTE: Insignia Solutions and Insignia are registered trademarks, and NTRIGUE is a trademark of Insignia
Solutions Inc. SoftWindows is a trademark used under license. Microsoft, MS-DOS, Windows and Windows NT are
registered trademarks of Microsoft Corporation. Macintosh is a registered trademark of Apple Computer, Inc. UNIX is
a registered trademark licensed exclusively through X/Open Company, Ltd. All other brand names mentioned are
trademarks or registered trademarks of their respective holders.
The statements in this press release relating to matters that are not historical are forward-looking statements that
involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including
but not limited to, rapid technological changes in the industry; increased competition; and timely introduction and
customer acceptance of the company's products. These risks and uncertainties are described in reports and other
documents filed by Insignia Solutions with the Securities and Exchange Commission. SOURCE Insignia Solutions |
