Logic Explorers Inc. Development Accelerated TM

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Industry Leader Scott Opitz Named President and CEO of Logic Explorers

Former webMethods Executive to Help Position Company for Aggressive Growth

Philadelphia, Pa. - August 9, 2004 – Logic Explorers, an innovator of development acceleration tools, today announced that Scott Opitz has joined the company as its new President and CEO.  In this position, Mr. Opitz is responsible for overseeing global operations, creating a clear vision for the organization, and helping to oversee and drive product development.

"I am extremely excited to be stepping into a role with a promising young company that will allow me to leverage both my business and technical expertise," said Scott Opitz, president and CEO, Logic Explorers.  "Within the development community there is a real need for solutions that not only improve efficiency and cost savings but protect existing development investments.  Logic Explorers is providing companies with the ability to document and manage their internal and outsourced development projects so that they can contain costs and ensure the effectiveness of their efforts.”

Most recently, Mr. Opitz served as senior vice president, marketing & business development for webMethods' where he was responsible for leading webMethods' worldwide marketing, business development and strategic planning activities.  Prior to joining webMethods, Mr. Opitz served as Chief Technology Officer for CNT Corporation. Mr. Opitz joined CNT in 1998 with the acquisition of IntelliFrame Corporation where he was CEO and Co-Founder.  During his tenure he was co-creator and responsible for the industry leading Enterprise/Access and InVista product families.

Prior to founding IntelliFrame, Mr. Opitz was Vice President of Advanced Technology and Business Development for Conextions, Inc., where he guided the development of Conextions' legacy systems integrations tools based on the NEXTSTEP/OpenStep operating system.  Before that he held product marketing and management positions at IDEAssociates, a leading provider of data communications and connectivity solutions for a variety of legacy systems environments.

About Logic Explorers

Logic Explorers, an innovator of development acceleration tools, helps some of the world’s most noted software companies, systems integrators and end-user IT organizations develop and manage their software projects more effectively.  These organizations include Accenture, BEA, Bosch, Canada Life, Charles Schwab, Credit Suisse Group, Cisco Systems, CSC, Documentum, EDS, Fannie Mae, Guidant, HP, Intuit, KPMG, Liberty Mutual, Lockheed Martin, Marriott, MetLife, Northrop Grumman, Raytheon, SAIC, Standard & Poor’s, the U.S. Army and the USDA.  For more information, please visit the company’s web site at www.logicexplorers.com

 

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