Parascript Announces Key Executives To Team

October 31, 2011, Longmont, CO – Parascript, LLC, a leading image analysis and pattern recognition technology provider, today announced that it has hired key executives to join its team.  Dwayne Ritchie was hired as vice president, sales and marketing, and Greg Council joins as director of product management.

Dwayne Ritchie, vice president, sales and marketing of Parascript, draws on over 20 years of experience in the enterprise software market.  He is currently responsible for developing and executing the worldwide sales and marketing strategies for Parascript, including architecting a channel partner program, overseeing pre sales engineering, professional services, and customer support.  Prior to joining Parascript, he held various senior level sales and sales management positions at Kofax, CorasWorks, OpenText, and Hummingbird Corporation.  He also demonstrated entrepreneurial spirit and leadership skills in launching a successful business venture, securing series A funding, and negotiating its sale to a Fortune 1000 company.

Greg Council joins Parascript as the director of product management. He has over 14 years of experience in requirements gathering, product planning, competitive/market analysis, and channel engagement in the imaging, enterprise content management, and workflow industries. Most recently he was group product manager at Evolving Systems, managing their LNP and Resource Management solutions. Prior to that he was a senior product manager at Captaris, now part of OpenText.

“At Parascript we look forward to the next, exciting chapter of growth for our company, as we welcome Dwayne and Greg. Their leadership and direction will be invaluable in helping Parascript’s partners to deliver solutions that extend the impact of our technology across multiple business segments,” said Bill Pearlman, CEO of Parascript.

 About Parascript, LLC

Parascript delivers the world’s best Image Recognition Engine. Employing patented digital image analysis, handwriting analysis and advanced pattern recognition technologies, Parascript improves important business operations in areas like forms processing, medical imaging, postal automation, and fraud prevention. The powerful Parascript engine processes over 100 billion imaged documents per year. Fortune 500 companies, postal operators, major government, and financial institutions rely on Parascript products, including the U.S. Postal Service, Bell and Howell, Fiserv, Elsag, Lockheed Martin, NCR, Siemens, and Burroughs. Visit Parascript online at https://www.parascript.com.

Contacts:

Claudette Allingham
Parascript, LLC
303-381-3108
claudette.allingham@parascript.com

Hilary McCarthy
Zenzi
508-829-2543
hilary@zenzi.com