Merrill Lynch Executive Anthony Pizi Joins Level 8 as Chairman and CTO Tuesday 19 December 2000 PDF Print Pizi to Provide Leadership for Cicero Technology Kilman Transitions to Chief Strategic Officer to Focus on Future Growth Steven Dmiszewicki Elected Chief Executive Officer CARY, N.C. - Level 8 (Nasdaq: LVEL), a leading global provider of high performance eBusiness integration software, today announced that Anthony Pizi will join Level 8 as chairman of the board and chief technology officer. Sam Somech, who currently holds the title of CTO, will continue as vice chairman of the company. The company also announced that Arik Kilman will become chief strategic officer and will be succeeded as chief executive officer by Steven Dmiszewicki. Paul Rampel will join Level 8 as senior vice president of research and development. Anthony Pizi comes to Level 8 from Merrill Lynch where he held the position of chief technology officer of the Private Client Architecture Group. Mr. Pizi's 17-year career at Merrill Lynch includes development of Ciceroä, a comprehensive integrated desktop computer environment developed by Merrill Lynch and acquired by Level 8 earlier this year. In his new role at Level 8, Mr. Pizi will provide strategic direction for all products including the Geneva eBusiness Integration Platform. In addition, he will offer leadership in the development of the Cicero technology into a multi-platform environment that works with existing Level 8 eBusiness integration products. "Tony Pizi's intimate knowledge of business integration technologies and strong relationships in both the financial and technology communities make him an important addition to the Company's management team, as well as an integral component of our overall corporate growth objectives," said Arik Kilman. "Tony's status as a visionary among influential industry veterans fits well with the entrepreneurial spirit of our organisation and the leading edge reputation of our Geneva platform suite. His guidance in the execution of our business and technology strategies will be key to the successful launch of Cicero and will help to further strengthen our leadership position in the EAI space. Additionally, we are confident that his leadership will create new opportunities for Level 8 that can be leveraged to most efficiently achieve our major business initiatives in 2001." "I am very excited about the move to Level 8. My decision to leave Merrill Lynch after 17 years was not an easy one. I am leaving a great team and many friends. However, the opportunity to work with such a strong and innovative company to enhance the Geneva and Cicero product lines was something I could not pass up. I'm thrilled to be part of the team that will take these technologies to the next level," said Anthony Pizi. E. Stanley O'Neal, executive vice president and president of U.S. Private Client Group for Merrill Lynch said, "As CTO of our Private Client Architecture Group, Tony's leadership was key to our many successes, including TGA (30,000 workstations in 750 locations), Merrill Lynch Online, Merrill Lynch Direct and our state-of-the-art contact centres. As Tony moves on to become chairman and CTO of Level 8, he will remain a strategic advisor to me, and will work closely with us to enhance the existing relationship between the two firms." "We are very excited about the partnership with Level 8 and think that Tony will do a great job in developing next-generation infrastructure solutions for the market," said John A. McKinley, Jr., executive vice president and chief technology officer of Merrill Lynch. The company also announced that Arik Kilman will transition from his role as chairman and CEO to that of chief strategic officer. As a significant shareholder in Level 8, Kilman will focus exclusively on future business dealings and direction in the areas of large enterprise transactions and partnerships. Steven Dmiszewicki has been elevated to the position of chief executive officer and remains president of Level 8 Systems. Dmiszewicki became president in June 1999 and has directed the business strategy for the company and managed all operations worldwide. Prior to his promotion to the presidency of Level 8, Dmiszewicki served as the company's chief operating officer. Sam Somech, the company's current CTO, will become vice chairman. As one of the world's leading experts on middleware messaging technologies, Mr. Somech will continue to play a vital role in product development initiatives for Level 8. In his new position, Mr. Somech will work closely with Mr. Pizi to determine all technological aspects for the company. Paul Rampel will assume the position of senior vice president of research and development. Mr. Rampel previously held the position of president for StarQuest Software Inc., a provider of Internet infrastructure solutions for Cisco routers acquired by Level 8 earlier this year. In his new role, Mr. Rampel will be responsible for all product development and support initiatives. "Level 8 has seen significant profitability as a result of our strong product line and leadership position in the EAI market. We believe this growth will continue and that we have assembled the industry's best leaders on our senior management team to ensure our success," Kilman added. About Level 8 Systems Level 8 Systems (Nasdaq: LVEL) http://www.level8.com is a leading global provider of high performance eBusiness integration software that enables organisations to integrate new and existing information and processes with the Internet to create new business value. The Level 8 product portfolio represents the broadest eBusiness integration offering from a single vendor in the market today. The Geneva High Performance Integration Platform provides enterprise messaging, application integration, business process automation and application engineering technologies. Level 8 Systems has more than 700 customers and over 475 employees worldwide with corporate headquarters in Cary, North Carolina, and offices in the US, UK, Germany, Denmark, Sweden, France and Italy. Level 8, Level 8 Systems, Level 8 Technologies, Geneva, Geneva Integration Suite, Geneva Enterprise Integrator, Geneva Business Process Automator, Geneva Integration Broker, Geneva Message Queuing, Geneva XIPC and Geneva AppBuilder are trademarks of Level 8 Technologies, Inc., a wholly-owned subsidiary of Level 8 Systems, Inc. All other company and product names are for identification purposes only and are the property of, and may be trademarks of, their respective owners. 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