MORRISVILLE, NC -- (Marketwired) -- 07/08/13 -- Issuer Direct Corporation (OTCBB: ISDR), a market leader and innovator of disclosure management solutions and cloud-based compliance technologies, today announced that Andre M. Boisvert, a current independent Director, has been elected Chairman of Issuer Direct's Board of Directors.
Brian Balbirnie, CEO of Issuer Direct, commented, "On behalf of the board of directors and the Issuer Direct management team, I am honored to announce Andre has agreed to become Chairman. As an independent Director, Andre played a critical role with the company over the past year; appointing him Chairman further emphasizes our commitment to having an independent board." Mr. Balbirnie will continue to serve as a Director as well as Chief Executive Officer of the company.
Boisvert launched his career in the technology field when he joined IBM in 1976. During his 13-year tenure with IBM, he held senior management positions in sales, marketing and research & development. After leaving IBM, Boisvert held executive positions with some of the most respected software companies in the industry, including Cognos Corporation and Oracle Corporation, where he served as Senior Vice President of Worldwide Marketing and was a member of Oracle's management committee.
In 2000, Boisvert joined Cary, NC-based SAS Institute, Inc., the world's largest privately-held software company (current revenue nearing $3 billion annually), as President and Chief Operating Officer, with the mission of bringing the company public. When plans for an IPO were abandoned in 2001, he followed one of SAS Institute Inc.'s investments by joining NASDAQ-listed Sagent Technologies, Inc. as Chairman and Chief Executive Officer. In April 2004, Mr. Boisvert successfully completed the sale of Sagent Technologies to NASDAQ-listed Group 1 Software, Inc.
In March 2002, Boisvert joined the Board of Directors of NASDAQ-listed VA Software Inc., the creator and owner of SourceForge, the largest worldwide repository of open source projects. During his four-year term as a director of VA Software, Boisvert developed extensive knowledge of open source projects and their ability to solve real-world problems that had previously been addressed exclusively through expensive proprietary software solutions. This experience led Boisvert to co-found Pentaho Corporation, the world's most popular commercial open source business intelligence platform, in October 2004. Boisvert later became an investor, advisor, and/or director of several other leading commercial open source companies, including Revolution Analytics Inc., Zenoss Corporation, and Infobright Inc.
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