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Exhibit 99.1
JONATHAN HARDING PROMOTED TO PRESIDENT AND CHIEF EXECUTIVE
OFFICER OF VIADOR
Promotion Reflects Increased Responsibility for Day-to-Day
Operations of the Company
Mountain View, CA - October 6, 2000 - Viador Inc. announced today that Jonathan
Harding has been promoted to President and Chief Executive Officer of the
company. An important aspect of Viador's ongoing strategy, this promotion
focuses management responsibility at Viador and takes best advantage of the
unique abilities of members of Viador's senior management. Stan Wang, a founder
of the company, will continue to serve as Chairman of Viador.
"Jonathan is an excellent manager and has been instrumental in Viador's
extraordinary growth for the last a few years" said Mr. Wang. "With Jonathan
taking on an increased internal operations role, I will have more time to chart
the company's path forward and help spread the word about Viador and the
benefits it provides to users. With the Enterprise Information Portal market
developing quickly, it is crucial that we have both an external focus on our
market, customers and competitors in order to choose the right strategy and an
internal focus on implementing that strategy. We believe that dividing
management responsibilities along these lines--with me working to develop the
strategy and Jonathan implementing it--will best enable us to exploit our market
opportunity."
"Stan has done a phenomenal job building Viador from an idea into a public
company," said Mr. Harding. "Since founding the company, he has been our chief
visionary and inspiration, pioneering the Enterprise Information Portal market
and working tirelessly to make the company succeed. Viador's acknowledged EIP
leadership has been accompanied by strong growth. My twenty-five years of
operational experience building profitable businesses is critical to addressing
the challenges that comes with such growth. By combining a strong, tenured
executive team with Stan's demonstrated ability to foresee practical technology
trends, our goal is to position Viador as the dominant company in what we
believe will be an emerging multi-billion dollar market."
About Viador Inc.
Viador Inc. (Nasdaq: VIAD), the number one enterprise portal company, is helping
corporations leverage their information and technology assets to gain business
advantages. Viador and its Viador E-Portal Suite solution have already received
industry recognition and awards including the Deloitte & Touche Fast 50, CIO's
WebBusiness 50/50, CrossRoads 2000 A-List, DCI's Excellence in Business
Information, Federal Computer Week's Top 10 Companies to Watch list, IBM's
Solution Showcase Award, and being named to the InfoWorld 100. Viador's
innovative technology is used by customers including 3Com, Charles Schwab,
Federal Aviation Administration (FAA), IBM, Lucent Technologies, Nortel
Networks, Shiseido, Sprint PCS and Xerox. Viador has strategic relationships
with leading consulting and E-Business companies including Hewlett-Packard, IBM,
Deloitte Consulting, SAP and ACS. Viador is headquartered in Mountain View,
Calif. For more information, call 650-645-2000 or visit the Web site at
www.viador.com.
Viador Safe Harbor
Statements in this release that are forward looking involve known and unknown
risks and uncertainties, which may cause the Company's actual results in future
periods to be materially different from any future performance that may be
suggested in this release. Such factors may include, but are not limited to,
demand for and market acceptance of the Company's products and services,
expansion into international markets, introductions of products and services or
enhancements by the Company and its competitors, competitive factors that affect
the Company's pricing, the timing of customer installations, the mix of products
and services the Company sells, the timing and magnitude of capital expenditures
(including costs relating to the expansion of operations), the size of customer
orders, the hiring and retention of key personnel, conditions specific to the
internet industry and other general economic factors, and new government
legislation or regulation. Reference is made to the discussion of risk factors
detailed in the Company's filings with the Securities and Exchange Commission,
including its reports under the Securities Exchange Act of 1934, as amended.
Viador assumes no obligation to update any forward-looking statements contained
in the press release.
# # #
Editors note: Viador, the Viador E-Portal Suite, Viador B2B E-Portal, Viador
Sage, Viador Information Center, Viador Gateway, Viador Sentinel, Viador
PageBuilder, Viador PortletBuilder, Viador Portlet, Viador E-Portal Framework,
and the Viador PDK, are trademarks of Viador Inc. of Mountain View, California.
All other products or company names mentioned are used for identification
purposes only, and may be trademarks of their respective owners.
Media Contact for Viador:
-------------------------
Carrie Motamedi
Viador Inc.
(650) 645-2403 or [email protected]
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