Givat Shmuel, Israel, – January 9, 2005 – Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM solutions for the tooling industry, today announced the nomination of Mr. Ira Bareket as Vice President Europe.
With over 12 years of management experience in the international business area, Mr. Bareket has demonstrated competence in building, leading and motivating teams in complex international environments. Mr. Bareket's professional experience includes executive sales and business development positions in hi-tech companies in London and Paris.
Before joining Cimatron, Mr. Bareket was an executive director at Smile-on Ltd, a UK-based e-learning solution provider to dental healthcare professionals. Prior to that, Mr. Bareket worked for Interwise, a global provider of Enterprise Communications Platform software, first as a business development director, then as a Chief Operations Officer for Interwise Europe, and finally as Interwise-UK Managing Director.
"As the Company's largest segment in terms of sales and revenues, the European market is very important to Cimatron", said Danny Haran, Cimatron's President and CEO. "Our challenge is to maintain and enlarge our leadership position in this market. We believe that the addition of Ira Bareket to our senior management as VP Europe will allow us to meet our challenges there. Ira's European business experience is expected to contribute considerably to Cimatron and its distributors in the region.
I'd like to thank Dr. Wolfgang Mueller for eight years of service and contribution to Cimatron, first as the General Manager of Cimatron GmbH and later as Cimatron's VP Europe, and to wish him success in his future endeavors. "
Cimatron is the leading provider of integrated CAD/CAM solutions for the tooling industry. Cimatron is committed to providing mold, tool and die makers with comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Worldwide, more than 8,500 customers, with installations in the automotive, consumer plastics, and electronics industries, employ Cimatron's cutting-edge CAD/CAM solutions for manufacturing. Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distribution network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support.