Paradigm Names Arshad Matin as New President, CEO and Board Member
New leadership follows Apax Partners acquisition in 2012.
AMSTERDAM, May 1, 2013
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.
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"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
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
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 email@example.com.
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
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.
Paradigm Media Contact
Tel: +1 713.393.4109
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