This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Paradigm Names Arshad Matin As New President, CEO And Board Member

AMSTERDAM, May 1, 2013 /PRNewswire/ -- Paradigm™ ( www.pdgm.com) announced today that Arshad Matin has been appointed as the company's president and CEO and a member of the Board of Directors. In his new role as CEO, Matin will be responsible for leading the development and execution of the company's strategy. He will be based in Houston, Texas.

(Photo: http://photos.prnewswire.com/prnh/20130501/CL04574 )(Logo: http://photos.prnewswire.com/prnh/20110317/CL67156LOGO )

"At a time when the oil and gas industry is undergoing transformation led by global demand and technology advancements, new opportunities lie ahead for exploration and production breakthroughs," said Matin. "Paradigm is using a scientific approach to advance these innovations and support new upstream discoveries by our customers.  I look forward to leading the company through this next phase of growth."                                                                              

Founder and former CEO of Paradigm, Eldad Weiss, will continue his long time association with the company as non-executive chairman of the Board of Directors. "I am excited to be working alongside Arshad on the Board. We will continue to focus on strengthening Paradigm's position as the leading provider of upstream software solutions for the global oil and gas industry," said Weiss.

Apax Partners ( www.apax.com), a leading global private equity investment firm and majority owner of Paradigm, managed the selection process. Apax acquired Paradigm in 2012 for approximately $1 billion in an all-cash transaction. "Arshad brings extensive experience with a track record of value creation through his vision, innovation and disciplined management approach in both public and private company context," said Jason Wright, senior partner Apax. "After a thorough search for the next Paradigm leader, Arshad was our clear choice to lead Paradigm and take the company to the next level."

Matin has significant experience leading strategy and growth for global organizations. Previously, he served as executive vice president at IHS (NYSE: IHS) where he managed all business lines accounting for over $1.5 billion in revenues. He also led Seismic Micro-Technology (acquired by IHS) as president and CEO where he implemented rapid growth strategy while transforming a family-owned business into a professional organization. As president and COO of BindView Corporation (acquired by Symantec), Matin created significant shareholder value by leading the turnaround of the company.  He also led an enterprise security business at Symantec Corporation.

Matin holds an MBA in Finance from the University of Pennsylvania – The Wharton School, an MSE degree in Computer Engineering from The University of Texas at Austin and a BE degree in Electrical Engineering from Regional Engineering College in Bhopal, India.

For more information, visit www.pdgm.com, or e-mail info@pdgm.com.

About Paradigm

Paradigm ( www.pdgm.com) is a leading developer of software solutions to the global oil and gas industry. Paradigm technology and workflows provide its customers with deeper insight into the subsurface by combining leading-edge science, high-performance desktop and cluster computing, and scalable data management, delivering highly accurate results and productivity without compromise.

The following are trademarks or registered trademarks of Paradigm Ltd. or of its subsidiaries (collectively, "Paradigm"): Paradigm™, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs