GoldenGate Software Appoints Ali Kutay President and CEO

Former CEO of Application Server Pioneer WebLogic to Lead GoldenGate

San Francisco, Calif. - June 7, 2004 - GoldenGate Software, Inc. (www.goldengate.com) today announced the appointment of Ali Kutay as president and chief executive officer. Kutay was previously president and CEO at WebLogic, Inc. (merged with BEA Systems) and was most recently founder, president and CEO at AltoWeb, Inc.

"We feel very fortunate to have Ali as the leader of our management team and as a member of the board of directors at GoldenGate," said Peter Chung, general partner of Summit Partners and a member of the GoldenGate board. "Ali is a world class executive with an outstanding track record of success in the enterprise software sector. Ali's leadership qualities and strategic vision will be invaluable to GoldenGate during this period of rapid growth."

"Billions of data transactions are processed around the world every day. The ability to move and manage data for these transactions in real-time represents a significant competitive edge for businesses in any industry," said Mr. Kutay. "For instance, in banking, where time is quite literally money, real-time synchronization of transactions offers zero downtime, 24x7 access to customer funds and helps prevent fraud. In healthcare, medical history synchronized in real-time is critical to the immediate and accurate treatment and care of patients," added Kutay. "GoldenGate's innovative technology fulfills the promise of large volume, real-time data transaction movement and management across diverse system environments. I was truly impressed by the large number of global companies in many industries running GoldenGate as their infrastructure software of choice for multiple initiatives. I look forward to working with the team to build on GoldenGate's strong position in these markets and beyond."

"Ali brings premiere experience and knowledge to GoldenGate," said Eric Fish, founder and chief technology officer at GoldenGate. "Ali's history of successfully developing and delivering innovative technologies on a global scale makes him the ideal executive to provide leadership in all areas of our business," added Fish. "His entrepreneurial spirit, technical expertise and strong business acumen combine to make this a great mutual fit. We are thrilled to have him as a member of our team."

Previously Kutay was the chairman, founder and CEO of AltoWeb, Inc., a provider of e-business infrastructure software. Prior to AltoWeb, Kutay was a director, president and CEO of WebLogic, Inc., the company that pioneered the Application Server technology which became one of the major building blocks of web-enabled applications. WebLogic merged with BEA Systems, Inc. (NASDAQ:BEAS) in 1998 forming one of the major infrastructure software providers in the industry. Prior to WebLogic, he was the president and CEO of Lockheed Martin Corporation's Commercial Software Business Unit, Formtek, from 1990 to 1997. At Formtek, a Carnegie-Mellon spin-off in 1983, which was acquired by Lockheed in 1989, Mr. Kutay served in various roles including as president and CEO from 1985 to 1989. Mr. Kutay holds a B.S. and M.S. degree in Engineering from Middle East Technical University and has completed graduate work at Carnegie Mellon University. His graduate and thesis work at Carnegie Mellon was the foundation for Formtek.

About GoldenGate

GoldenGate is a leader in Transactional Data Management. Hundreds of businesses worldwide use the GoldenGate platform to manage critical initiatives such as business availability, data integration, business visibility and compliance. By providing the key technology for capturing, transforming and moving transactional data wherever it is needed, GoldenGate helps organizations mitigate risk, respond faster to customer needs, reduce costs and implement real-time operations. Designed to work with today's heterogeneous systems, the GoldenGate platform captures and delivers changes in transactional data at sub-second speeds in high volumes across any environment, including Oracle, DB2, HP NonStop SQL/MP and SQL/MX, Sybase, Microsoft SQL Server, MySQL and Teradata. A private company, GoldenGate has completed thousands of installations in 35 countries, working with numerous Fortune 500 companies. Customers include: Bank of America, Bank One, Visa, Merrill Lynch & Co., Sabre Holdings, Comcast and Dell. GoldenGate broadens its global market reach through key partnerships with ISV's, database providers and systems integrators, including ACI Worldwide, IDX Systems Corporation, Insession Technologies, HP and DST Innovis. For more information, please visit the company's web site at www.goldengate.com or call (415) 777-0200

Contact:
Robin Bulanti
Kulesa Public Relations/ for GoldenGate
robin@kulesapr.com
(650) 340-1986

[back to Press Releases] | top of page