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<p>META Group Announces Management Changes in Asia Pacific Operations
Mary Ann Maxwell Named Managing Director</p>
<p>SYDNEY, Australia. (October 28, 2003) — META Group, Inc. (Nasdaq: METG), a leading information technology (IT) research and consulting firm, announced today the appointment of Mary Ann Maxwell to managing director of Asia Pacific Operations. Reporting to Fred Amoroso, CEO of META Group, Maxwell will oversee all of META Group’s Asia Pacific operations and be responsible for expanding company operations in the Asia Pacific region. Maxwell replaces Paul Ventura, who will be leaving META Group to spend more time with his family.
“While we are sorry to see Paul leave, we respect his decision and are fortunate to have a seasoned executive of Mary Ann’s calibre to lead our Asia Pacific operations,” said Amoroso. “With over 30 years of industry experience, Mary Ann combines a powerful blend of technical, management, and people skills and has been widely recognised by her peers, the press, and analysts as an outstanding IT executive, skilled at driving change.”
Maxwell joined META Group earlier this year as a vice president of its Executive Directions service, operating in Australia, New Zealand, and selected Asia Pacific countries. In addition to her new responsibilities, Maxwell will continue to serve customers in her Executive Directions role. Executive Directions is a member of META Group’s subject-specific advisory services, providing guidance for speeding executive decisions and driving IT/business value.
“META Group has an outstanding reputation in the marketplace, and I am excited to take on responsibility for its Asia Pacific operations,” said Maxwell. “Paul Ventura was
successful because of his dedication to providing high-value services to our customers in this region, and I intend to continue to build on this solid foundation.”
Prior to joining META Group, Maxwell was CIO and CTO of Westpac Banking Corporation, one of Australia’s major banks, leading the development of an enterprisewide IT solution with clear business benefits. Before moving to Australia in 2000, her major career accomplishments included senior IT management positions at Countrywide Credit Services, HealthNet, and Zenith Insurance. Maxwell holds a Bachelor of Science degree from California State University and an MBA in management from Pepperdine University. Her professional affiliations include membership in the Australian Institute of Company Directors.
Ventura added, “Although leaving META Group was a difficult decision for me, I am confident that META Group’s Asia Pacific operations are in very capable hands. Mary Ann is an experienced executive with a wealth of knowledge in the financial services, insurance, health, consumer product, and telecommunications industries, and I look forward to working with her during the next 30 days to assist in the transition process.”</p>
<p>About META Group
META Group is a leading provider of information technology research, advisory services, and strategic consulting. Delivering objective and actionable guidance, META Group’s experienced analysts and consultants are trusted advisors to IT and business executives around the world. Our unique collaborative models and dedicated customer service help clients be more efficient, effective, and timely in their use of IT to achieve their business goals. Visit metagroup.com for more details on our high-value approach.</p>
<p>This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including forward-looking statements regarding the impact of the acquisition of the UK distributor on third-quarter 2003 results of operations and the effects of changes within the Company’s organization and strategic initiatives for the Company. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation, risks relating to: changes in the spending patterns of the Company’s target clients, including, but not limited to, decreases in IT spending or decreases in demand for the Company’s products and services; general economic conditions; changes in the market demand for IT research and analysis and competitive conditions in the industry; the inability of the Company to increase its penetration of existing customers and/or to expand to additional customers; the timing and successful execution of the Company’s strategic initiatives, including timely and successful product and service development and introduction, the ability to achieve desired operating results from its foreign distributors and other risks detailed in the Company’s filings with the SEC, including those discussed in the Company’s annual report filed with the SEC on Form 10-K for the year ended December 31, 2002.</p>
Peter Carr, General Manager