Current Report — Form 8-K Filing Table of Contents
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1: 8-K Election of J.L. Steffens to Cicero Board of HTML 21K
Directors
2: EX-99 Press Release Announcing Election of Jl Steffens HTML 12K
EX-99 — Press Release Announcing Election of Jl Steffens
Cicero,
Inc. Elects John L. Steffens as New Chairman of the Board of Directors
CARY,
NC,
May 17, 2007- Cicero Inc. (BB:CICN), a leading provider of desktop application
integration solutions for customer service organizations, today announced that
Mr. John L (Launny) Steffens has been elected to the Company’s Board of
Directors and appointed as its Chairman.
Mr.
Steffens is the Founder and Managing Director of Spring Mountain Capital, L.
P.
Prior to establishing Spring Mountain Capital, Mr. Steffens spent 38 years
at
Merrill Lynch & Co., where he held numerous senior management positions,
including President of Merrill Lynch Consumer Markets, which was later named
the
Private Client Group, from July 1985 until April 1997, and both Vice Chairman
of
Merrill Lynch & Co., Inc. (the parent company) and Chairman of its U.S.
Private Client Group from April 1997 until July 2001. During his leadership
of
the Private Client Group, client assets at Merrill Lynch rose from $189 billion
to approximately $1.6 trillion. Mr. Steffens was elected a member of the Board
of Directors of Merrill Lynch & Co., Inc. in April 1986 and served on the
board until July 2001. Mr. Steffens was Chairman of the Securities Industry
Association during 1994 and 1995, and is currently a Trustee of the Committee
for Economic Development. He is the National Chairman Emeritus of the Alliance
for Aging Research and serves on the Board of Aozora Bank in Japan. Mr. Steffens
graduated from Dartmouth University in 1963 with a B.A. degree in Economics.
He
also attended the Advanced Management Program of the Harvard Business School
in
1979.
“I
am
delighted to be affiliated with Cicero and look forward to working with the
company to expand Cicero’s position in the application integration and
automation market. I have witnessed the transformation of this technology into
a
powerful integration tool. Cicero Studio represents a major paradigm shift
from
other solutions and it has a proven track record of seamlessly integrating
applications, streamlining business processes, and improving performance in
contact centers and other organizations. I look forward to being able to
contribute to the Company’s success,” stated Mr. Steffens.
About
Cicero Inc.:
Cicero
Inc. is a leading provider of software integration solutions that streamline
business processes and improve the productivity of knowledge workers where
business systems are used - at the desktop. Cicero Studio™ provides a framework
to non-invasively integrate disparate applications faster and at a fraction
of
the cost of other integration solutions. Companies and government agencies
using
Cicero are able to integrate applications and business systems in weeks and
to
experience an ROI within months of implementation. For more information on
Cicero Inc., please visit www.ciceroinc.com.
Cicero
is
a unique solution designed to provide rapid and seamless integration of
disparate systems on end-user desktops. It
is a
non-invasive desktop integration product that has a proven record in contact
centers for
improving usability of complex technology, enhancing customer service,
streamlining business processes, and reducing costs while improving revenue
opportunities. Cicero has been installed at several Fortune 500 companies.
In
one recent implementation, Cicero was used to integrate eight applications
for
nine hundred agents’ desktops in just seven weeks; reducing average call times
by approximately 40 seconds, and allowing agents to improve customer interaction
and handle more calls. Due to improved agent productivity and shorter call
times, the savings in the contact centers exceeded $1 million in a single year,
an ROI of less than five months.
Cicero
and Cicero Studio are trademarks of Cicero Inc. and/or its affiliates. Other
company names and/or products are for identification purposes and are the
property of, and may be trademarks of, their respective owners.
Safe
Harbor: Except for any historical information contained herein, this news
release may contain forward-looking statements on such matters as strategic
direction, anticipated return on investment, business prospects, the development
and capabilities of the Cicero product group, new products and similar matters.
Actual results may differ materially from the anticipated results or other
expectations expressed in this release of a variety of factors, including risks
that customers may not adopt the Cicero technology, which Cicero Inc. may not
successfully execute its new strategic initiative and other risks and
uncertainties that could cause actual results to differ materially from such
statements. For a description of other factors that could cause such a
difference, please see Cicero Inc.’s filings with the Securities and Exchange
Commission.
