FOR IMMEDIATE RELEASE
NetBotz Names Former IBM Executive as CFO Michael Twomey Becomes First to Fill Post at Rapidly Growing Company
AUSTIN, Texas - December 1st, 2003 - NetBotz®, Inc., the global leader in IP-based intelligent physical security solutions, and recent winner of the Deloitte & Touch Rising Star Award, today announced it has tapped Michael Twomey to become the company's CFO. Twomey comes to NetBotz from Tivoli Software, a division of IBM. A proven financial executive, Twomey was the chief financial officer and vice president of operations for Tivoli before assuming business development responsibilities two years ago.
As CFO, Twomey will oversee all financial operations for NetBotz, one of the nation's fastest growing companies and the established leader in IP-based physical security solutions. Close to 2,500 customers in 30 countries around the world use NetBotz to secure their assets, people and places from physical threats.
Before joining Tivoli in 1999, Twomey was with IBM, where he served in a number of executive positions in both the US and Asia Pacific. These included a tenure as controller and treasurer for IBM Credit Corporation, IBM's global financing business. Twomey was also director of finance and chief financial officer for IBM Greater China and IBM Korea. While there, Twomey served as chairman of the Business Briefings Committee for the American Chamber of Commerce in Beijing. He was also chairman of the American Chamber of Commerce's US Government Relations Committee in Seoul, Korea.
"We're at an exciting but crucial juncture in our company's development, as we continue to rapidly grow both our revenues and our global market penetration," said Tom Goldman, NetBotz president and CEO. "Mike brings to NetBotz substantial financial and international experience and the leadership required to help continue the rapid growth of our company. We are delighted to have someone of Mike's ability join our team."
"While I'm very proud of my contribution at IBM, it's very exciting to become part of a smaller company with a huge future," said Twomey. "The market for IP-based physical security is enormous and NetBotz is only at the cusp of realizing that opportunity. I'm thrilled to become part of the team that takes NetBotz into the ranks of internationally recognized companies."
Twomey is a graduate of Queens College, City University of New York.
About NetBotz (www.netbotz.com)
NetBotz, Inc. is the leading global provider of IP-based physical security solutions. More than 2,200 organizations worldwide use NetBotz solutions, which prevent potentially catastrophic losses by providing early warning of conditions that threaten people, places and assets. NetBotz markets its solution through a network of distributors, solution partners and accredited resellers around the world. Based in Austin, Texas, NetBotz is a privately held company with funding from Hill Partners, CenterPoint Ventures, SSM Venture Partners, Osprey Ventures, QuestMark Partners and Austin Ventures. NetBotz is the winner of the Deloitte & Touche Rising Star award, the Best in Show Award in the Network Management Category at NetWorld+Interop and a KPMG Start-up Standout Award.
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