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FutureIT Appoints New CEO

Posted on: Tuesday, 24 November 2009, 13:37 CST

LOD, Israel, November 24 /PRNewswire-FirstCall/ -- FutureIT Inc., a leading provider of software solutions for the automated and effective management of Microsoft SQL servers, today announced the appointment of Tzahi Langer to the position of CEO FutureIT Ltd., the Israeli subsidiary of the American publicly traded (FITI.OB) company. Upon assuming the position of CEO, Mr. Langer will resign as a member of FutureIT's board; he begins his new position on December 1, 2009. Mr. Shmuel Bachar, the current acting CEO will continue in his role as CEO of FutureIT Inc. and as Chairman of the Board.

Commenting on his recent appointment, Mr. Langer said "over the past four years, FutureIT has focused on offering software solutions for the automated and effective management of Microsoft SQL, establishing a strong presence in the local market, and with satisfied customers around the world. At the current time in the company's growth, FutureIT is positioned to dramatically expand in the overseas market. FutureIT's team recently returned from PASS Summit 2009, the largest and most intensive Microsoft SQL Server and BI conference in the world, and received very favorable feedback regarding the company's products. I am very excited about joining as the CEO and look forward to working with the FutureIT team." Shmuel Bachar said, "I look forward to working with Tzahi Langer as we together lead the company to the next level".

FutureIT's board member Michael Avnimelech said, "The FutureIT board of directors appreciates and acknowledges Mr. Shmuel Bachar's dual role as both CEO and chairman this past year during a turbulent time period in the global economy. His concerted efforts have paved the way for FutureIT's next growth stage," he continued, "Tzahi Langer is ideally qualified to lead the Company in the next phase of its development cycle."

Mr. Langer is currently Deputy CEO for the Business Group at FutureIT's parent company, the DataSafe Group. Prior to that he was VP business development at the DataSafe Group, and CEO of an Israel based nonprofit organization. He has a B.A. degree in mathematics and education, in addition to a Masters in Business Administration. He brings to FutureIT a strong track record of customer and sales focus and the ability to dramatically grow revenue and market share.

About FutureIT

FutureIT is engaged in the development, marketing, sale and support of software products that provide easy-to-use comprehensive database management, backup and monitoring solutions for both small and medium sized enterprises, or SMEs, and larger enterprises, running different Microsoft Structured Query Language, or SQL servers, versions 2000, 2005 and 2008, as well as Microsoft SQL Server Desktop Engine, or MSDE and SQL Express.

Safe Harbor Statement

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The Company undertakes no obligation to publicly release updates to these forward-looking statements made to reflect new events or circumstances after the date hereof. Neither the Company nor its agents assume responsibility for the accuracy and completeness of the forward-looking statements.

SOURCE FutureIT Inc.

Source: PR Newswire

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