SOFTPRO: Alain Sarraf named new CTO

[BOEBLINGEN] - 2008-04-01: Softpro GmbH, the leading the worldwide leading vendor of systems for capture and verification of handwritten signatures, today announced the appointment of Alain Sarraf, 40, as Chief Technical Officer (CTO). In his new role he will be responsible for the company's product and business strategy as well as the entire technology areas such as development, professional services, and research.

Sarraf joined Softpro in 2003. In his previous role with the company as Executive Vice President Product Management and Marketing Sarraf was key to shaping Softpro's successful product strategy and positioning the company as a world market leader in both the automated verification and electronic contract processes markets.

The nomination of Alain Sarraf is part of the "focus on customer" activities that CEO Heinz Reschke has started to implement in recent weeks. Heinz Reschke adds: "The Softpro team and many of our customers are very happy that Alain is taking this natural next step in his career as our CTO. Mr. Sarraf has proven that he can successfully position our products to be regarded by the industry as the products to match up against. Throughout recent years he has gained an outstanding reputation among customers, prospects partners and the media as a visionary and for his expertise in check fraud detection and e-signing solutions. He listens to our customers and is able to explain complex technical procedures in a way that everyone can understand the business benefits of our products and services."

"I am very proud to take on the important role of CTO for the Softpro Group." states Sarraf. "Our technology team is second to none in the industry and our track record of creating truly innovative solutions is remarkable. I am looking forward to building on this solid foundation and ensuring that we continue to be regarded as leaders in the markets we serve. Our business depends on delighting our customers with solutions that are not only cutting edge but also two steps ahead of our competitors."

In addition to shaping the SignPlus product suite (branded as FraudOne in the United States), Mr. Sarraf was instrumental in creating the American Softpro User Group that is acknowledged as an important industry forum for exchanging ideas about fraud detection and includes members from the world's leading banks such as American Express, Bank of America, Chase Heloc, Citigroup, Key Bank, Wachovia.

Sarraf holds a Masters degree in Computer Science from Concordia University, Montreal, Quebec, Canada. He began his career with Nortel Networks and has previously worked for other large multi-national companies such as Hewlett-Packard and Agilent Technologies.

Mr. Ulrich Pantow will replace Alain Sarraf's role at Softpro as product manager for the fraud prevention solutions portfolio. Ralph Maute continues to be the product manager for e-signing solutions.

Recommended links for additional information


>> Founder Heinz Reschke returns as CEO (April 2008, 1)
>> Softpro North America: Tim Morris appointed as President (April 2008, 1)
>> Ralph Maute and Ulrich Pantow define Product Strategy (April 2008, 1)

 

About SOFTPRO

The SOFTPRO GmbH is a world leader in developing and marketing products and solutions for digital capture, management and verification of handwritten signatures.

The fastest growing line of business are solutions for E-Signing - in particular biometric signatures. SOFTPRO is offering E-Signing software - from the SDK (SignWare) via desktop clients (SignDoc) to a complete platform for Web-based signing (SignDoc Web). The products support a wide range of devices for signature capturing - from basic pen pads up to Tablet PCs. This can lower your costs, accelerate business processes, eliminate errors and protect documents against manipulation. E-Signing with SOFTPRO is environmentally friendly and thus supports Green IT initiatives and Corporate Social responsibility programs.

The second major division of SOFTPRO is the detection of fraud through automated comparison of signatures. This comparison is primarily used for checks. SOFTPRO’s Automatic Signature Verification is also used to secure the postal ballot (e.g. in the United States and the United Kingdom). Additional fraud analysis tools may be added to the verification process. The results of these complex tests are analyzed, weighted and presented as a holistic risk assessment.

SOFTPRO solutions are currently used in 31 countries on five continents. Ten of the world's 25 largest banks are SOFTPRO customers, as well as insurance, retail and telecommunications companies, public administration, the energy and the health sector.

The parent company of the SOFTPRO group is the SOFTPRO GmbH founded 1983 in Boeblingen near Stuttgart. Four subsidiaries are based in the United States, in the United Kingdom, in India and in Singapore. Additional representations operate in Brazil and Lebanon. The group currently employs around sixty people. SOFTPRO's software is developed "made in Germany".

Please contact us for additional information:

SOFTPRO GmbH

Wilhelmstrasse 34
71034 Boeblingen
Germany

Phone: +49 7031 6606 0
Fax: +49 7031 6606 66

Joerg-M. Lenz
Manager PR

e-Mail Joerg-M. Lenz