Arcot Systems Names New CFO

SUNNYVALE, Calif. -- Arcot Systems, a leading provider of secure e-payment and authentication solutions, announced today that David E. Kaplan has been named as its new chief financial officer, effective immediately.

“We are pleased to welcome David to the Arcot management team,” said Ram Varadarajan, president and CEO of Arcot Systems. “His wealth of experience and expertise in handling the finances and strategic direction of a variety of companies, especially technology firms, will help us bring Arcot to the next level of growth and progress as a recognized leader in authentication.”

Kaplan has over 25 years of management experience spanning early-stage enterprises to Fortune 500 companies. Prior to joining Arcot, he served as chief financial officer at Dragon Media Online, Inc. He previously held positions as vice president of finance for Weathernews, Inc., and chief financial officer of Home Account Network, Inc., where he led the raising of institutional equity and debt financing and eventual successful sale of the company. In addition, Kaplan has served as a strategic advisor and board member for a number of high technology companies, and has held key management positions at PG&E Corporation, overseeing corporate planning, corporate budgeting, and investor relations functions.

Arcot Systems