SofTech Background

Since our inception in 1969, SofTech has remained true to our original focus: to deliver first class software solutions that enhance our customers’ product productivity and hence, their profitability and competitive effectiveness. Where many companies have come and gone, our business remains steady and strong. We take pride and attribute this achievement to our intense focus on helping to build our customers’ success through exceptional products, responsiveness, and support.

SofTech is headquartered in the metro Boston area in Lowell, Massachusetts, The company also operates sales and service offices in the U.S., Germany, Italy, and France, with distribution partners throughout Asia and Europe.

In December 2002, SofTech acquired Workgroup Technology Corporation to unite the complementary product offerings to address the ever-increasing product lifecycle management (PLM) needs of companies today.

SofTech Management Team

Joe Mullaney, CEO and Director. Joe also served as CEO from June 2001 through December 2006. He developed and implemented the turnaround strategy that ended three consecutive years of negative cash flow totaling almost $10 million and has resulted in almost ten years of positive cash flow. After SofTech he joined Boston Communications Group, Inc. as CEO and CFO and repositioned that troubled entity for a successful sale at double its then current market value. Over the last three years he has been active as a management consultant to established entities in the technology and renewable energy areas, while also participating as a principal with a start up focused on e-Commerce. Joe has a BS from Stonehill College and an MBA from Northeastern University.

Bob Anthonyson, Vice President of Business Development and Director. Bob is a founder of AVID Systems, a developer of RFID-based technology that allows automated payment when entering or exiting parking garages (sold to Amtech Corp.), co-founder of Dynamics Associates (sold to Interactive Data Corp. then owned by Chase), a patent holder, and technologist. He currently serves as a Director of FireStar Software. Bob has a BS and MS from MIT and an MBA from Stanford University.

Phil Cooper, Director. Chair of the Audit and Compensation Committees. Phil is the former Vice Chairman, EVP, and CFO of Charles River Associates (NASDAQ:CRAI) and has held numerous CEO positions at several technology companies. Currently, Phil is a member of Boston Harbor Angels, a member of the Board of Advisors of The Capital Network, a member of MIT’s Venture Mentoring Service and serves as a Director or Advisor for three technology companies. Phil has a B.Com from the University of Toronto and a Ph.D. from MIT.

Hank Nelson, Director. Hank is the founder and principal of Monadnock Advisors LLC, a business advisory and investment banking firm focused on the small to mid-sized markets in technology, health care and business services markets. He is the former CEO of Clearstory Systems, CEO of INSCI Corporation, COO of Vitalworks (sold to InfoCure) and COO of InterQual (sold to Access Health). Hank has a BS from Northeastern University.