SOURCE: Visual Numerics

April 13, 2005 08:00 ET

Visual Numerics Adds New Corporate Controller to Executive Team

Suzann Sylvester Brings Nearly Two Decades of Finance, Accounting and Marketing Expertise Within High-Tech, Manufacturing and Federal Government

SAN RAMON, CA -- (MARKET WIRE) -- April 13, 2005 -- Visual Numerics, Inc., a leading provider of numerical analysis and visualization software, today announced that it has named Suzann M. Sylvester as its Corporate Controller, effective April 7th. Sylvester will be responsible for managing the company's worldwide finances and maintaining principal relationships with banks, lenders, shareholders, and independent accounting/audit firms.

"We are very pleased to welcome Suzann to the Visual Numerics team," said Philip Fraher, president and chief executive officer of Visual Numerics. "Her relevant domain experience as controller for a scientific company coupled with her expertise within high-technology and Silicon Valley complement our past and present business focus. Also, Suzann's extensive financial and internal auditing background at larger organizations, and experience taking private companies public, serves as tremendous assets as we move into the next stage of our growth and development."

Sylvester joins Visual Numerics from chromatography manufacturer Dionex Corporation where she was responsible for all SEC and audit committee reporting, Sarbanes-Oxley compliance activity, and the consolidation of more than a dozen foreign subsidiaries. Prior to joining Dionex, she was director of finance for Cobalt Networks prior to being acquired by Sun Microsystems. After the integration, Sylvester served as business unit controller in the Network and Security Group of Sun Microsystems where she managed $300M in revenue and expenses and 150 employees.

Sylvester has also held controller positions at Applied Signal Technology and Trimble Navigation, and financial positions at ROLM, Clorox and Kraft where she gained expertise in operations and cost control, budgeting and financial planning, SEC filing and compliance, Sarbanes-Oxley compliance, process improvement, audit and initial public offerings (IPOs).

Sylvester is a Certified Internal Auditor who holds an M.B.A from St. Mary's College and a B.A. in accounting from Michigan State University.

About Visual Numerics

Visual Numerics has provided technical software solutions for numerical analysis and visualization for more than three decades. The company's software products help users understand complex data from a variety of sources and build business-critical applications. Visual Numerics offers two product lines: the IMSL Numerical Libraries for powerful mathematical and statistical analysis and the PV-WAVE® visual data analysis development environment. Visual Numerics also offers customized consulting services for applications that involve mathematical, statistical, or visual data analysis to meet today's business analytical needs.

Major corporations, academic institutions, and research laboratories worldwide use Visual Numerics' software tools, including such high profile companies as: Bear, Stearns & Company; Barclays Global Investors; Priceline.com; The Dow Chemical Company; Humana; Sandia National Laboratories; and Boeing Company. This large and diverse customer base is supported through a direct sales force, wholly owned international subsidiaries, and international distributors. For more information about Visual Numerics, please visit www.visualnumerics.com.

Trademark Statement:

Visual Numerics and PV-WAVE are registered trademarks of Visual Numerics, Inc. in the U.S. and other countries. IMSL, JMSL, JWAVE, TS-WAVE and Knowledge in Motion are trademarks of Visual Numerics, Inc. All other company, product or brand names are the property of their respective owners.

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