| Thomas Palmer appointed Managing Director of Capiotech |
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| Tuesday, 30 September 2008 | |
 Capiotech announced today that it has appointed Thomas Palmer as the Company’s Managing Director. Palmer succeeds Steven Pennisi, the company’s co-founder, who will assume the role of chief executive officer devoted to managing the expansion of the Capiotech group including Capiotech’s new joint venture with Sydney University.Thomas, a native of Atlanta, Georgia, moved to Australia in July 2005 to take on the role of Managing Director for Hyperion Australia and New Zealand. He continued in this role through the acquisition of Hyperion by Oracle and integrated his team within Oracle as General Manager for Oracle’s Enterprise Performance Management/Business Intelligence (EPM/BI) business unit in Australia and New Zealand. Prior to moving to Australia and gaining permanent residency, Thomas worked for Hyperion in the USA, joining in 1999 as a Strategic Account Executive. In this role he had responsibility for overall account management at Bank of America, Wachovia, Duke Energy, ING and SunTrust Bank. Thomas brings to Capiotech an outstanding track record in sales having ranked in the top 5 account executives at Hyperion since 1999. “I’m thrilled and honoured to lead Capiotech and be a part of what I believe is an exciting period of growth ahead in the Performance Management and Business Intelligence space in ANZ” said Palmer. “I’ve worked closely with Capiotech for many years and consider it the premier firm for EPM and BI implementations in Australia. Capiotech’s breadth of experience and delivery success is unparalleled in the BI/EPM space in this market. At Hyperion and then Oracle, we knew that if Capiotech was involved, the project would be implemented on time and within budget and we would have another very happy customer out there; which is what it is all about” Steven Pennisi founded Capiotech along with Brendan Leonard in 1999 and led the company through an outstanding period of growth, both in terms of numbers of customers and successful implementations as well as number of staff. “Thomas’ depth of experience and leadership skills will allow us to accelerate our growth and take the company to the next couple of levels”, said Pennisi. “As Capiotech expands we needed strong leadership within our consulting business, and new joint ventures, and none could be stronger than Thomas.” About Capiotech Capiotech is an IT consulting company that specialises in the analysis, design, testing and implementation of corporate analytical solutions. Capiotech’s end-to-end solutions cover Business Performance Management (BPM), Business Intelligence, Financial Reporting, Budgeting and Forecasting, Financial Consolidations, Data Warehousing, BI Strategy and Consulting, CRM Analytics, Compliance Reporting, Predictive Analytics, Financial Modelling and Cost Allocation Solutions. For more information, please, visit http://www.capiotech.com/ or contact: Steven Pennisi CEO Telephone: +61 1300 725 961 email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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