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Cambridge, MA, June 29, 2006—Pyramid Research welcomes Dan Schimmel as their new CEO effective July 1st. Dan will follow Catherine Forster Connolly who steps down from day-to-day responsibilities as CEO after 11 years with Pyramid Research and joins the board of directors as Vice Chairman.
“We conducted a thorough search of numerous qualified candidates to find the ideal CEO capable of enhancing the value of Pyramid’s products and services,” states Connolly, “We found that exceptional CEO in Dan Schimmel.”
In her new role as Vice Chairman of the board, Catherine Forster Connolly will continue to be involved in the strategic direction of the company.
“I feel very fortunate and excited about taking over as CEO of Pyramid Research,” comments Schimmel, “I intend to stay true to our core values.”
Schimmel joins Pyramid after 11 years as CEO at OneSource Information Services. At OneSource, he helped grow the company to over $50 million in revenues by creating a category-leading new web offering and guiding their IPO.
Schimmel started June 1st and has worked together with Connolly to ensure a smooth transition. Schimmel will officially assume all CEO responsibilities on July 1st, 2006. Connolly will remain involved through the board.
Connolly adds, “I know Pyramid Research is in good hands and has a bright future with Dan as the CEO.”
About Dan Schimmel
Dan Schimmel is responsible for the strategic direction and all operational aspects of Pyramid Research. Previous to Pyramid, Dan was the CEO of OneSource Information Services. He is a high-tech executive with 20 years of leadership experience. Dan is a recognized innovator in creating breakthrough opportunities combining actionable business information, cutting-edge software and value-added services into compelling products for client applications.
He has a Bachelor of Arts and an MBA from Harvard and is a former Ernst and Young Entrepreneur of the Year.
About Pyramid Research
For twenty years, Pyramid Research has helped companies in the converging communications, media and technology industries stay ahead of market trends, understand competitive threats and capitalize on opportunities. We advise the world’s leading vendors, service providers, equipment manufacturers, and the financial community on how to implement best practices, build offensive growth strategies and drive profitability
Press Contact:
Amalia Vega
Pyramid Research
avega@pyr.com
617.494.1515
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