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IMSI announces appointment of former intuit CFO to board of directors

By IMSI SA
Johannesburg, 24 Feb 1999

IMSI - software developer and creator of one of the fastest growing visual content and graphics portals on the Internet - today announced the appointment of William H. Lane III to its board of directors.

"We are honored to have Mr. Lane join our board of directors," says , president and chief executive officer for the 16-year-old software company. "During his tenure at Intuit, Mr. Lane participated in developing the company's strategy and introducing its retail software products to the broader financial services market on the Internet. He advised the company during its negotiations with Microsoft, and is a highly respected industry professional who will complement the talents and experience of our current board members."

A 30-year veteran of the computer business, Mr. Lane brings a wide breadth of general business and computer industry experience to IMSI. Mr. Lane retired from Intuit, Inc. in 1996, having served as its vice president, chief financial officer, secretary, and treasurer from 1994 to 1996. He served in a similar capacity at ChipSoft, Inc., before Intuit acquired the company.

Earlier in his career, Lane served as vice president of finance and administration for Honeywell Information Systems, a multi-billion dollar, multinational computer manufacturer, and was a member of the corporate general audit staff at General Electric.

In addition, he serves on the boards of Expert Software, Inc., and MetaCreations Corporation.

"IMSI is a dynamic, progressive organisation with a solid Internet strategy, a top product line, and a clear vision for the future," Lane says. "I'm looking forward to contributing to IMSI's ongoing success."

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IMSI

Headquartered in California, IMSI has offices in the United Kingdom, France, Germany, Australia, South Africa, Sweden, and Brazil. The company produces and sells its visual content, design, and graphics software in 13 languages and in more than 60 countries worldwide - and receives approximately 1.4 million visitors per month to its web sites. For more information about IMSI, please contact IMSI public relations at (415) 878-4000, or visit http://www.imsisoft.com.

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