September 28, 2005 13:50 ET

FreeBalance CEO Seeks Successor as Company Enters Next Growth Phase

New CEO to lead next wave of global expansion and extend leadership position in developing nations Attention: Assignment Editor, Business/Financial Editor, News Editor, Tech/Telecomm Editor OTTAWA, ONTARIO--(CCNMatthews - Sept. 28, 2005) - FreeBalance, global leaders in Government Accountability Solutions, today announced that the company's President and CEO, Bruce Lazenby, has launched an aggressive campaign to recruit a successor who will help drive the company's next phase of growth in the developing nations market.

Under Mr. Lazenby's leadership, FreeBalance was able to carve out a new niche in the developing nations market and the company is now positioned to enter its next phase of growth. Mr. Lazenby was instrumental in advancing the company's first-ever projects in Europe, Asia, the Caribbean, and Africa. Upon appointment of a new CEO, Mr. Lazenby will continue to play an executive role in the company.

FreeBalance has the most number of successful implementations of government accountability solutions in developing nations and the new CEO will have a unique opportunity to extend that lead and contribute to economic growth and prosperity in some of the most challenging regions of the globe. FreeBalance currently has successful public sector accountability and transparency projects underway in five continents and in such countries as Sierra Leone, Guyana, Mongolia, and others.

"This is all about execution and growth The timing is right for us to take FreeBalance to the next level by capitalizing on opportunities in the developing nations market and by continuing to build our global brand and awareness," said Lazenby. "I'm excited about the opportunity to welcome a new CEO to the team and am determined to find a successor who shares our passion for this market and understands the important role we are playing in the developing world."

About FreeBalance

FreeBalance helps government leaders in developing nations improve accountability, transparency, and good governance to promote development and growth.

FreeBalance Government Accountability Software supports every aspect of an accountability solution, from core financial and human capital management to solutions for budgeting, purchasing, revenue, assets, grants and reporting.

FreeBalance is a leader in the field of government accountability with twenty years of experience helping governments be more accountable. FreeBalance Government Accountability Services support internal government capacity with accountability roadmaps, policy advice, implementation methodologies and capacity-building programs.

Contact Information

  • Matthew Olivier, Director, Marketing Communications, FreeBalance
    Primary Phone: 613-236-5150 ext. 129
    Secondary Phone: 613-301-9653