American Software, Inc. Adds to Board of Directors

Rhea-AI Summary

American Software, Inc. (NASDAQ: AMSWA) has announced the appointment of Nicole Wu to its Board of Directors as a Class A Director. Currently serving as Chief Financial Officer at PDI Technologies since 2019, Wu brings extensive experience in finance and M&A, having previously held CFO positions at eVestments and various executive roles at General Electric. Her expertise in financial strategy and audit best practices is expected to enhance the board's effectiveness in navigating SaaS business challenges. Wu's addition brings the total number of board members to eight, signaling a commitment to strong leadership as the company continues to grow.

Positive

• Appointment of Nicole Wu as a Class A Director, enhancing board expertise in finance and M&A.
• Her prior experience includes leadership roles at PDI Technologies and eVestments, suggesting strong governance.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- American Software, Inc. (NASDAQ: AMSWA) today announced that Nicole Wu will join the Company’s Board of Directors as a Class A Director.

Ms. Wu joins as the eighth member of American Software’s Board of Directors. Ms. Wu will continue to serve as the Chief Financial Officer of PDI Technologies, Inc., as she has since 2019, a cloud based technology company serving convenience retail and petroleum wholesale clients that has successfully grown both organically and via acquisitions during her tenure. Prior to PDI Technologies, Ms. Wu served as the Chief Financial Officer to eVestments, Inc, leading a number of M&A transactions including the sale of that company to Nasdaq. Previously, Ms. Wu held several executive positions at General Electric in division finance, internal audit, and acquisition integrations. Ms. Wu holds a Bachelor of Science in Business from Shanghai Jiao Tong University in Shanghai, China.

Ms. Wu’s strong financial, audit and M&A background will be beneficial to American Software.

“We are pleased to have Ms. Wu join our Board of Directors where she will bring invaluable insights regarding M&A, strategy and audit best practices for today’s SaaS business,” stated Jim Edenfield, Executive Chairman of American Software.

About American Software, Inc.

Atlanta-based American Software, Inc. (NASDAQ: AMSWA), through its operating entity Logility delivers an innovative technical platform that enables enterprises to accelerate their digital supply chain transformation from product concept to client availability via the Logility^® Digital Supply Chain Platform, a single platform spanning Product, Demand, Inventory, Supply, Sourcing, Deploy, Corporate Responsibility (ESG) and Network Optimization aligned with Integrated Business Planning.

Serving clients such as Big Lots, Carter’s, Destination XL, Hostess, Husqvarna Group, Jockey International, Johnson Controls, Parker Hannifin, Red Wing Shoe Company, Spanx, Dole Fresh Vegetables, Inc., and Fender Musical Instrument Co, our solutions are marketed and sold through a direct sales team as well as an indirect global value-added reseller (“VAR”) distribution network.

Fueled by supply chain master data, allowing for the automation of critical business processes through the application of artificial intelligence and machine learning algorithms to a variety of internal and external data streams, the comprehensive Logility portfolio delivered in the cloud includes advanced analytics , supply chain visibility, demand, inventory and replenishment planning, Sales and Operations Planning (S&OP), Integrated Business Planning (IBP), supply and inventory optimization, manufacturing planning and scheduling, network design and optimization (NDO), retail merchandise and assortment planning and allocation, product lifecycle management (PLM), sourcing management, vendor quality and compliance, and product traceability. For more information about Logility, please visit www.logility.com. Logility is a wholly-owned subsidiary and operating entity for American Software, Inc. (NASDAQ: AMSWA). You can learn more about American Software at www.amsoftware.com, or by calling (404) 364-7615 or emailing kliu@amsoftware.com.

Forward Looking Statements

This press release contains forward-looking statements that are subject to substantial risks and uncertainties. There are a number of factors that could cause actual results or performance to differ materially from what is anticipated by statements made herein. These factors include, but are not limited to, continuing U.S. and global economic uncertainty and the timing and degree of business recovery; the irregular pattern of the Company’s revenues; dependence on particular market segments or customers; competitive pressures; market acceptance of the Company’s products and services; technological complexity; undetected software errors; potential product liability or warranty claims; risks associated with new product development; the challenges and risks associated with integration of acquired product lines, companies and services; uncertainty about the viability and effectiveness of strategic alliances; the Company’s ability to satisfy in a timely manner all Securities and Exchange Commission (SEC) required filings and the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations adopted under that Section; as well as a number of other risk factors that could affect the Company’s future performance. For further information about risks the Company could experience as well as other information, please refer to the Company’s current Form 10-K and other reports and documents subsequently filed with the SEC. For more information, contact: Kevin Liu, American Software, Inc., (626) 657-0013 or email kliu@amsoftware.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230307005963/en/

Financial Information Press Contact:



Vincent C. Klinges

Chief Financial Officer

American Software, Inc.

(404) 264-5477

Source: American Software, Inc.

FAQ

Who is Nicole Wu in relation to American Software?

Nicole Wu has been appointed as a Class A Director on the Board of American Software.

What experience does Nicole Wu bring to American Software?

Wu has a strong background in finance and M&A, having served as CFO at PDI Technologies and eVestments.

How many members are on the Board of American Software after this appointment?

After Nicole Wu's appointment, the Board of Directors now has eight members.

What role did Nicole Wu hold before joining the Board of American Software?

Nicole Wu served as the Chief Financial Officer at PDI Technologies prior to her appointment.

Why is Nicole Wu's appointment considered beneficial for American Software?

Her expertise in financial strategy, audit practices, and M&A is expected to provide valuable insights for the company's growth.