SOURCE: ITM Software

June 11, 2007 07:00 ET

ITM Software Appoints Bruce W. Armstrong as Chairman of the Board of Directors

Armstrong Brings More Than 25 Years of Experience, Including Roles at Verus Ventures, Broadbase, Sybase and Teradata

SANTA CLARA, CA--(Marketwire - June 11, 2007) - ITM Software, provider of the only integrated business management solution designed specifically for the CIO and IT organization, today announced the appointment of Bruce W. Armstrong as Chairman of the Board.

Armstrong has more than 25 years of experience developing, marketing, selling, and investing in technology. He is currently managing partner of Verus Ventures, a provider of advisory services to venture-backed technology companies. Previously, he served as president and CEO of Knova Software, a leading provider of customer service software for the technology, telecommunications, and financial services industries. Prior to joining Knova, Armstrong held leadership positions at Internet Capital Group, Broadbase, Sybase, and Teradata.

"I am looking forward to working closely with Bruce, as we continue to build the company," said Hank Leingang, president and CEO of ITM Software. "We have a tremendous market opportunity, and I am excited to have Bruce's help in ensuring that we establish our leadership in the most effective and timely manner."

Armstrong has served on the boards of Accrue, Agribuys, BuyMedia, Citadon, CMPnet, Collabrys, Delphion, Freeborders, FuelSpot, ICG Asia, ICG Japan, Knova, NetVendor, Proveer, TeamOn, and Vivant. He also serves on the board of The Bay School of San Francisco, an independent, co-educational college preparatory high school located in the Presidio of San Francisco. Armstrong has a Bachelor's Degree in Computer Science from the University of California at Berkeley.

"With a comprehensive suite of process-specific applications and deep domain expertise, ITM Software is uniquely positioned to address the unmet business management needs of large IT organizations," said Bruce W. Armstrong. "It is an honor to serve as the Chairman of the Board, and I look forward to working closely with the company's executive team and Board of Directors."

About ITM Software

ITM Software provides CIOs and IT organizations with software products and services that advance the business management of Information Technology. The ITM Business Suite delivers the visibility and control required to make fact-based decisions regarding IT finance, vendors, people, assets, projects, and compliance. Comprised of former CIOs and IT leaders, the ITM team provides best practice expertise in IT Business Management, enabling clients to drive down costs, better align IT with business objectives, and deliver more business value. Founded in 2001, the company serves IT organizations within Fortune 2000 corporations, government agencies, and universities. ITM Software is privately held and is headquartered in Santa Clara, California.

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