Best Software Appoints General Manager of Fixed Asset Products Division

Best Software Appoints General Manager of Fixed Asset Products Division

RESTON, Va.–(BUSINESS WIRE)–Feb. 17, 1999–Best Software Inc. (NASDAQ: BEST), a leader in corporate resource management solutions, today announced that it has appointed Elvin J. Monteleone as general manager of its fixed asset product division.

Monteleone will be responsible for the continued growth and development of Best Software’s award-winning fixed asset software business.

“We’re very pleased to have Elvin Monteleone join Best Software,” said Tim Davenport, president and CEO of Best Software. “His experience in the technology industry will help us to extend our position as a leading provider of asset management software solutions.”

“Best Software is a company poised for continued growth based on the excellence of its vision, products and support services,” said Monteleone. “I am looking forward to working with the company’s outstanding management team to expand the fixed asset business by addressing new market segments and providing even stronger offerings in traditional markets.”

Monteleone brings more than 20 years of experience in the technology industry to Best Software. He most recently served as vice president of enterprise alliances for Seagate Software Inc., where he was responsible for recruitment and leverage of the company’s top tier business partners around the world. Monteleone previously held senior sales, marketing and operating executive positions at Holistic Systems Ltd., Clarify Inc., and Metier Management Systems Inc.

Monteleone has a BS industrial engineering degree from Louisiana State University and an MS accountancy degree from the University of Houston.

About Best Software

Best Software, Inc., with offices in the US, Canada and Europe, is a leader in corporate resource management solutions, helping organizations to better manage their people, assets and budgeting processes. Its cost-effective solutions complement core accounting systems and are scaleable, supporting Microsoft(r) technology including Windows(r) 95, Windows NT(r), and BackOffice(r).

For more information, contact Best Software at 11413 Isaac Newton Square, Reston, VA 20190, call 800/368-2405, or visit http://www.bestsoftware.com.

NOTE TO EDITORS: The Best logo is a registered trademark of Best Software, Inc. Microsoft, Windows, Windows NT and BackOffice are registered trademarks of Microsoft Corporation. All other trademarks are the property of their respective holders.

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