– USA, MA – Datawatch Corporation (NASDAQ-CM: DWCH) today announced it has reached an agreement with Potrero Capital Research LLC, together with its affiliates. Pursuant to the agreement, Datawatch agreed to add Mr. Charles Gillman, Executive Managing Director of the IDWR Multi-Family Office, to the Datawatch Board of Directors, effective immediately. Mr. Gillman will fill a vacancy created by the resignation of Dr. Terry Potter who will step down due to other commitments. Upon his appointment to the Board, Mr. Gillman will join the Corporate Governance and Nominating Committee and the Compensation and Stock Committee.
Richard de J. Osborne, Chairman of the Datawatch Board of Directors, said: “Datawatch believes the addition of Mr. Gillman will bring a fresh perspective and valuable experience to the board. On behalf of my fellow directors, I also want to thank Terry Potter for his more than eighteen years of distinguished service to Datawatch.”
Mr. Jack Ripsteen, Managing Member of Potrero Capital, said: “We are pleased to have played a constructive role in helping refresh the Datawatch board. We are confident that the addition of Mr. Gillman to the company’s board will allow Datawatch to effectively capitalize on available opportunities to drive significant shareholder value.”
Mr. Gillman said, “I am excited to join the board of directors of Datawatch. I look forward to working constructively with the board and management team in creating value for Datawatch shareholders.”
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH) enables ordinary users to deliver extraordinary results with all their data. Only Datawatch can unlock data from the widest variety of sources and prepare it for 3664771-2 use with visualization tools or other business processes. When real-time visibility to rapidly changing data is critical, Datawatch enables you to visualize streaming data for the most demanding business environments such as capital markets. Organizations of every size worldwide use Datawatch products including 93 of the Fortune 100. Datawatch is headquartered in Bedford, Massachusetts with offices in New York, London, Frankfurt, Stockholm, Singapore, and Manila, and with partners and customers in more than 100 countries worldwide.
ABOUT POTRERO
Potrero Capital Research, LLC is an investment firm headquartered in San Francisco, CA focused on small-cap equity securities.
ABOUT CHARLES GILLMAN
Charles M. Gillman is the Executive Managing Director of the IDWR Multi-Family Office, a multi-family investment firm. IDWR employs a team of analysts with expertise in finding publicly traded companies that require operational enhancement and an improvement in corporate capital allocation. From June 2001 to June 2013, Mr. Gillman was a portfolio manager of certain family office investment portfolios at Nadel and Gussman, LLC. Prior to his employment at Nadel and Gussman, Mr. Gillman worked in the investment industry and as a strategic management consultant at McKinsey & Company.
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