SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of May, 1999
GENTIA SOFTWARE PLC
Tuition House
St George's Road
Wimbledon
London SW19 4EU
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
-------------- ---------------
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82- N.A.
<PAGE>
GENTIA SOFTWARE PLC
Tuition House, St. George's Road Wimbledon
London SW19 4EU
(Nasdaq: GNTI)
AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD:
George Sprenkle For Analyst Info: Julie Creed (312) 640-6724
Chief Financial Officer For General Info: Kelly Lofts (212) 661-8030
44 181 971 4000 For Media Info: Claudine Cornelis (212) 661-8030
For Immediate Release
GENTIA APPOINTS STEVE FLUIN NEW CEO
-----------------------------------
LONDON, May 5, 1999 -- Gentia Software (Nasdaq: GNTI), a leading provider of
intelligent analytical applications for enterprise-wide deployment, today
announced that Paul Rolph has stepped down as Chief Executive Officer, but will
remain Chairman of the Board. Effective immediately, Steve Fluin, 44, has
assumed the position of Chief Executive Officer and will continue to lead the
Company's worldwide sales operations.
"We are absolutely committed to maximizing shareholder value and
reaching break-even during 1999," commented Paul Rolph, Chairman of the Board.
"It is clear from our financial results during the last several quarters that
the Company is in need of dramatic change and fresh ideas. Since joining Gentia
at the beginning of the year, Steve has been the driving force behind the
reorganization of our salesforce. He has made significant progress in expanding
our channels throughout the world, as noted by our new relationships with
Hewlett-Packard, Flexi International and Arthur Andersen. We believe that as
CEO, Steve will effectively guide, motivate and unify our associates as we
strive to capitalize on the quality and uniqueness of our solutions offerings."
Prior to joining Gentia in January 1999, Mr. Fluin served for two years
as Retek Information Systems's Vice President of Europe, Africa and the Middle
East. Retek is a Minneapolis, MN, based software company and subsidiary of HNC
Software. Mr. Fluin was charged with creating Retek's European Division from the
ground up and during his tenure with the firm, revenues quadrupled in two short
years. Previously, Mr. Fluin held a variety of positions with Comshare, during
his 15 years with the company. He joined Comshare as a consultant in 1981 and
rose to Vice President for Europe in 1991, a position he held until his
departure in 1996. Mr. Fluin holds a Higher National Diploma in Business Studies
and is an active member of the Institute of Directors.
About the Company
Gentia Software is the leading supplier of analytical applications that
enable clients to maximize their competitive position through enterprise-wide
deployment of strategy management, performance measurement and operational
analysis solutions. By leveraging the only networked Business Intelligence
solution designed for enterprise-wide deployment, Gentia enables a new class of
analytical applications, such as the Balanced Scorecard, which ensure
information delivery to key decision makers' desktops and browsers throughout an
enterprise. Gentia Software's worldwide client list of more than 500 customers
includes JP Morgan and Company, Volvo, McDonald's Restaurants, Fortis, Swiss
Reinsurance and Sun Microsystems. The Company has headquarters in Boston and
London and operates in more than 20 countries worldwide. For additional
information about Gentia, visit the Company's Web site at www.gentia.com or call
1-888-4GENTIA or 1-781-224-0750. To receive additional information via fax at no
charge, dial 1-800-PRO-INFO and enter code GNTI.
This news release contains statements of a forward-looking nature
relating to the financial performance of Gentia Software. Such statements are
based upon the information available to management at this time, and they
necessarily involve risk because actual results could differ materially from
current expectations. Among the many factors that could cause actual results to
differ from those set forth in the Company's forward-looking statements are
changes in general economic conditions, actions taken by customers or
competitors, and the receipt of more or fewer orders than expected.
