Chordiant adds Dan Gaudreau and Allen Swann to the board

Source: Chordiant

Chordiant Software (Nasdaq: CHRD), the leading provider of Customer Experience (Cx) software and services, today announced that its board of directors has elected two new members, effective February 1, 2008.

The Chordiant board elected both Dan Gaudreau, Senior Vice President of Finance and Operations and Chief Financial Officer at Actuate Corporation, the leading enterprise reporting and performance management applications company, and Allen Swann, Head of Strategy and former Interim CEO for the Healthcare Division of Manpower Software plc., a world leader in workforce planning, directors.

"Both of these executives are outstanding individuals who will provide invaluable guidance and support to us as we further Chordiant's objective of growing our business profitably while we aggressively expand into new international markets," said Steven R. Springsteel, Chairman, President and CEO of Chordiant Software. "Dan brings outstanding experience in finance and operations, as well as the area of high-performance enterprise reporting. Allen, a former Chordiant President of International Operations, will add an important fresh perspective on the international healthcare market. He'll also advise the Chordiant team on our expansion into key new international geographies and markets."

Dan Gaudreau has over thirty-five years of financial experience in various high tech companies and markets. Before joining Actuate, Dan served as Vice President Finance and CFO at Plantronics, Inc., where he helped the company achieve record earnings in the two fiscal years following the firm's IPO. Prior to Plantronics, Dan was Vice President, Finance and Operations and CFO at Ready Systems, where he helped guide the company through a large private equity placement. Prior to Ready Systems, Dan was a finance executive at Apple Computer.

Allen Swann was formerly President of International Operations at Chordiant, following the merger of Chordiant Software and Prime Response Ltd. in 2001. He was responsible for growing Chordiant sales outside North America and delivered several multi-million dollar contract wins across Europe during that timeframe. From 2003 to 2004 he served as President of Worldwide Sales at Chordiant. Today as Head of Strategy at Manpower's Software Healthcare Division in the UK, he guides their offerings and is expanding the sales and marketing structure to address the burgeoning healthcare market across various countries. Since July 2005 Allen has served as a Non-Executive Director on the Board of Solid Information Technology, a privately held Finnish/US software company, marketing high performance in-memory relational database solutions. Allen is also Chairman of CopperEye, a privately held UK/US software company that develops and markets software for the interrogation of large data structures for the rapid retrieval of individual records. Prior to Prime Response, Allen was a founding employee of Oracle UK. As UK Sales Director, he helped establish the foundation of the Oracle UK's rapidly growing revenue stream and impact over a twelve year period.

Chordiant also announced that director David Weymouth resigned effective February 1, 2008. As previously reported back in July, 2007, Weymouth, who has served on the Chordiant Board since 2005, would tender his resignation once a successor was found. Weymouth resigned due to the pressing demands on his schedule from a full-time position he had accepted with a UK company in 2007.

"Through the past three years David has served our Board, our investors, and the Chordiant team extremely well," said Springsteel. "His counsel on technologies, customers and markets has been highly valued and certainly instrumental in our success. While we are excited with our new directors, we will miss David greatly and we thank him for his many contributions."

The above additions and changes become effective February 1, 2008, and on that date expand the Chordiant Board of Directors to seven positions.

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