Aug 23, 2001
Levy joins Tecnomatix with more than twenty years of experience in the software industry and in high-tech corporate management. Reporting to Tecnomatix President and Chief Executive Officer, Harel Beit-On, Levy will lead Tecnomatix� growth in the electronics manufacturing industry.
�The appointment of Israel to CEO of our Tecnomatix-Unicam subsidiary further strengthens our management team and reinforces the critical role the electronics industry business plays in our growth plans,� said Harel Beit-On, president and chief executive officer of Tecnomatix Technologies. �Israel has an impressive track record of leadership, spanning marketing, sales and product development, and we will benefit greatly from his experience in serving global customers with the industry�s most innovative IT solutions.�
�Joining the Tecnomatix team is a great opportunity for me personally,� said Israel Levy. � I look forward to working with all the Tecnomatix people to ensure the continued success of not only our electronics subsidiary, but of the growth of Tecnomatix as the undisputed leader in Manufacturing Process Management around the world.�
Levy joins Tecnomatix from interBiz, the e-Business application division of Computer Associates International Inc., where he was senior vice president, responsible for BizWorks, the eBusiness intelligence suite, including worldwide sales, project management and business development. Prior to this, he was vice president for business development in the U.S., and managing director of Computer Associates (CA) in Israel. Before he joined CA in 1988, Israel held technical positions with Tel Aviv University, where he managed projects and developed financial systems. Israel holds a B.A. degree in economics and statistics and an M.B.A. degree from Tel Aviv University.
About Tecnomatix Technologies, Ltd.
Tecnomatix Technologies, Ltd. (NASDAQ: TCNO) is the world's leading provider of Manufacturing Process Management software for the electronics, automotive, aerospace and heavy equipment industries. The company's eMPower� software enables global manufacturing customers to build the best production strategies to succeed in their increasingly complex environments. Tecnomatix applications run on an open platform providing a collaborative environment for authoring, simulating and managing manufacturing processes across the extended enterprise and its suppliers. The company, founded in 1983, has offices and distributors in North America, Europe, the Pacific Rim and Latin America. Additional information about the company can be found at http://www.tecnomatix.com.
Certain statements made herein that use the words �estimate�, �project�, �intend�, �expect�, �believe� and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements of the Company to be materially different from those which may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, changes in the level of activity in the automotive industry, decline in demand to the Company�s products, inability to timely develop and introduce new technologies, products and applications and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company�s business, reference is made to the Company�s reports filed from time to time with the Securities and Exchange Commission.
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