Misys, the global software and solutions company, today (17 January 2007) announces that Jeffrey W Ubben has been appointed to the Company's Board as a non-executive Director with immediate effect.
Jeff Ubben is a co-founder and Managing Partner of ValueAct Capital, a San Francisco based investment partnership. Before co-founding ValueAct Capital in 2000, he was a Managing Partner at BLUM Capital Partners, a private investment partnership, and previously spent eight years at Fidelity Management and Research, where he managed the Fidelity Value Fund. Mr Ubben is a Director of Acxiom, Catalina Marketing, Gartner Group and Per-Se Technologies.
Sir Dominic Cadbury, Chairman, Misys, said: "We are extremely pleased to have appointed Jeff as a non-executive Director. He brings extensive knowledge and insight into our industry, which will be invaluable as we drive improved performance at Misys and increased value for all our shareholders and customers alike."
Jeff Ubben joins non-executive Directors Sir Dominic Cadbury (Chairman), John Ormerod (Senior Independent Director), John King, Al-Noor Ramji and Dr Jürgen Zech on the Misys Board.
Jeff Ubben is a former Chairman and Director of Martha Stewart Living Omnimedia, and a former Director of Mentor Corporation, Insurance Auto Auctions and a number of other public and private companies. He has a BA from Duke University and an MBA from the J L Kellogg Graduate School of Management at Northwestern University.
ValueAct Capital is an investor in Misys, currently holding 9.5% of the Company's shares.
ValueAct Capital has over US$4.8 billion in investments.