PRESS
RELEASE
Contact
Information
Raining
Data Corporation
17500 Cartwright Rd.
Irvine, CA 92614-5846
Scott Anderson, Vice President-Finance
Phone: (800) 367-7425
Phone: (949) 442-4400
Fax: (949) 250-8187 |
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Raining
Data Announces
Senior Management Changes
Carlton
H. Baab named President and CEO,
Geoffrey P. Wagner named Chairman of the Board.
IRVINE,
CA., August 28, 2001-The Board of Directors of Raining Data
Corporation (NASDAQ: RDTA) today announced several organizational
changes. Carlton H. Baab, a broadly experienced technology executive
and a Managing Principal with Astoria Capital Management, has
been named President and CEO. Geoffrey P. Wagner, who has served
as a member of the Board of Directors since 1998, was also named
Chairman of the Board. Bryce Burns, the company's former Chairman
of the Board and Interim CEO will continue as a member of the
Board of Directors. The senior management changes were made
to replace Richard Lauer, the company's former President and
COO, and Tim Holland, former Chief Technical Officer, both who
will be leaving Raining Data to pursue other business opportunities.
Carlton
H. Baab, 43, joins Raining Data with more than 18 years of experience
in general management, marketing and financial management, primarily
in the technology industry. Mr. Baab previously served as Chief
Operating Officer and Chief Financial Officer of RemarQ Communities,
a web-based provider of discussion group services, before it
was acquired by Critical Path in 2000. From 1994 to 1998, Baab
served as Executive Vice President and Chief Financial Officer
of CKS Group, a leading internet and marketing consulting firm,
before it was acquired by USWeb in December 1998. Baab holds
a B.S. in Electrical Engineering, with honors, from the University
of Southern California and an M.B.A. from the Harvard Graduate
School of Business Administration.
About
Raining Data
Raining
Data Corporation, headquartered in Irvine, California, offers
a suite of software infrastructure products that enable developers
to create innovative applications. Raining Data's flagship products
are: 1) mvDesigner, an object-oriented rapid application development
(RAD) tool developed for use with multidimensional database
applications; 2) Omnis Studio® -- a powerful, cross-platform,
object-oriented RAD tool that is well suited for developing
sophisticated thick-client, Web-client or ultra thin-client
database applications; and 3) a family of multidimensional database
management products.
The
statements in this press release that are not historical facts
are forward-looking statements, including but not limited to
discussions relating to the integration of PickAX and its technologies,
ability to operate at positive cash flow and market acceptance
of mvDesigner. These forward-looking statements are inherently
subject to numerous risks and uncertainties and the Company's
actual results could differ materially from those in such forward-looking
statements. In particular, among the factors that could cause
actual results to differ materially are difficulties related
to the integration of the newly acquired business, increased
competition, and the timing and market acceptance of new products
and services. Please consult the various reports and documents
filed by Raining Data Corporation, formerly known as Omnis Technology
Corporation, with the U.S. Securities and Exchange Commission,
including but not limited to the Annual Report of the Company
on Form 10-KSB for the fiscal year ending March 31, 2001. All
forward-looking statements are made as of the date hereof and
the Company disclaims any responsibility to update or revise
any forward-looking statement provided in this news release.
mvDesigner,
D3 , mvEnterprise, mv.BASE, Omnis, Omnis Studio,
Power95, R91, AP, Mentor, and Pick Systems are registered trademarks
of Raining Data Corporation.
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