Managed Solutions Corporation appoints key senior staff

August 18, 2000 - Dublin - Managed Solutions Corporation, the specialist supplier of enterprise-wide software solutions for the financial services industry, has just strengthened its management resource with a number of high-level appointments to its business development and marketing teams.

The appointments come as part of the company's development strategy to rapidly expand its business now that its product set is firmly established with a series of customer reference sites, including Canada Life, Friends First, Legal & General and Royal Nederland (part of Allianz). A global office presence beyond its Dublin base in the UK, the US, Benelux and Scandinavia is in place to assist this rapid market growth in advance of IPO in late-2001.

Overseeing Managed Solutions' global business development will be Alan McDonnell, who has been appointed Director of Business Development. He joins Managed Solutions from Bank of Ireland where he was Assistant General Manager. Over his 10 years at the bank he held a number of executive positions. Most recently, McDonnell was Group Head of CRM (Customer Relationship Management), which gives him unique insight into Managed Solutions' market from the client's perspective. Prior to joining Bank of Ireland, McDonnell was Head of Marketing with Superquinn. He is a Fellow, and former National Chairman, of The Marketing Institute.

Peter McCormick has joined Managed Solutions as Director of Marketing. McCormick has over 20 years' senior management experience, having held Director-level positions in a number of prominent companies with responsibility for all aspects of marketing. His broad range of business experience includes management consultancy, re-branding and directing communications strategy for some of the most successful brands in the Irish market, including Guinness, Waterford Crystal and Dairygold. Prior to joining Managed Solutions he was Director of Business Development at board level with Data & Records Management Ltd. McCormick is a frequent lecturer and guest speaker on business communications related topics.

"We are delighted that Alan and Peter will be joining us, representing as it does the change in our strategic focus," says Michael Kelly, Managing Director, Managed Solutions. "To date, Managed Solutions has not invested, proportionate to the company's size, in sales and marketing. Instead we've preferred to invest the bulk of resources in product development and implementation so that we could build our products and establish a track record with our customers. But now we're in a ramp-up phase and are concentrating on increasing our market presence given that our products and reputation with customers has been established. To do this effectively we need the kind of senior management pedigree that these appointments offer."