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Non-executive Director Appointment

Craneware (AIM:CRW) is pleased to announce the appointment of Mr. Ronald Frank Verni as Non-executive Director.
Posted: 4/27/2009 5:04:56 PM

27 April 2009 - Craneware plc, (AIM: CRW.L), a leader in financial improvement software solutions for the US healthcare market, is pleased to announce the appointment of Mr. Ronald Frank Verni as Non-executive Director. Mr Verni will start his appointment on the 1st of May.

Mr. Verni, aged 60, was President & CEO of Sage Software, Inc, and a member of the Board of Directors of the Sage Group, plc. Under his leadership, the company grew from less than $160 million in revenue to over $1 billion. Ron also engineered over 20 acquisitions and oversaw their successful integration into the company. Ron was most recently CEO of Corrigo, Inc., a leading Software as a Service (SaaS) company focused on the service sector. Prior to Sage Software, Ron was President and CEO of Peachtree Software, Inc., a leading pioneer in business management solutions for small to medium size businesses. Ron also was a Vice President of Marketing with Automatic Data Processing, President and CEO of NEBS Software, Inc., and the founder and CEO of ASTEC Software. He has extensive experience in vertical markets, including Healthcare, Accounting, Manufacturing, Distribution, and Non-Profit. Currently Ron is serving on the Board of Directors of iLumen, and is on the Board of Advisors of company.com, CEOVentures, and the Robinson College of Business.

Ron Verni, Non-Executive Director of Craneware commented, "With US healthcare institutions coming under increasing fiscal and legislative pressure, the potential for Craneware’s financial improvement software solutions appears to be considerable. I am delighted to be joining Keith and the team and believe the Company has an exciting future ahead."

Keith Neilson, CEO of Craneware commented, "We are delighted to welcome Ron onto the Board of Craneware. His experience in running highly successful, rapidly growing, international software companies will be invaluable to us as we seek to capitalize on our strong position in the US healthcare market. Now in our tenth year of operation, with over $50m of future revenues under contract, we believe our opportunity to be significant and will welcome Ron’s guidance as we continue our development & growth."

Mr. Verni is currently a director of ILumen, Inc. He has previously been a Director of Sage Group plc until October 2007 and Corrigo, Inc until July 2008.

There are no other disclosures required by paragraph (g) of Schedule 2 to the AIM Rules.

For further information, please contact:

Craneware plc

KBC Peel Hunt

  • +44 (0)20 7418 8900
  • Oliver Scott
  • Nicholas Marren

ICIS

  • +44 (0)207 651 8688
  • Caroline Evans-Jones
  • Mike Smith

About Craneware

Founded in 1999, Craneware has headquarters in Livingston, Scotland, with offices in Florida, Arizona and Kansas, employing over 100 staff. Craneware is a recognised leader of solutions that improve the financial performance of US healthcare organisations. Craneware partners with healthcare organisations to improve returns, increase productivity and manage risk, driving better financial and operational performance using market-driven revenue management solutions. By enhancing revenue capture processes, Craneware solutions allow those organisations to optimise reimbursement, improve operational efficiency, and support compliance.