Quality Systems, Inc. Appoints Chief Financial Officer
18 February 2016 - 9:00PM
Business Wire
Quality Systems, Inc. (NASDAQ:QSII) announced today the
appointment of James R. “Jamie” Arnold, Jr. to the post of chief
financial officer, effective March 1, 2016.
Arnold, with more than three decades of finance and software
technology experience, will oversee all financial-related functions
of the Company and its NextGen Healthcare subsidiary. He assumes
the role from John K. Stumpf, who has been serving as interim chief
financial officer since March 2015.
Most recently, from June 2010 to May 2015, Arnold served as
chief financial officer and executive board member at Kofax Ltd.,
an Irvine, Calif. based software company, where he was responsible
for finance, accounting, IT, real estate, treasury, audit, tax and
investor relations. During this period, Arnold was instrumental in
the completion and integration of six acquisitions, disposition of
the hardware distribution business and oversaw the company’s U.S.
initial public offering and the company’s transition from a listing
on the London Stock Exchange. As a key member of management, Arnold
participated in and facilitated the strategic process that resulted
in the sale of its enterprise software division, focused on
integration and transition matters.
From 2004 to 2009, Arnold was senior vice president at Nuance
Communications, Inc., a Burlington, Mass.-based publicly traded
software company. He also was chief financial officer from 2004 to
2008 and during this time, Nuance acquired 17 companies and
completed several debt and secondary stock offerings. From 2008 to
2009, Arnold aided with the integration of an acquisition.
Arnold also held other senior-level finance positions at a range
of publicly traded technology companies, including vice president,
corporate controller at Cadence Design Systems, Inc., chief
financial officer at Informix Software, Inc. and, corporate
controller at Centura Software Corporation. Arnold began his career
at PriceWaterhouse LLP, where he provided consulting and auditing
services to companies across diverse industries.
Arnold served as a board member and chair of the Audit Committee
at Selectica, Inc. from 2003 to 2010. In 2010, he served as
co-chairman of the board.
“We welcome Jamie to the Company. He brings a wealth of public
company experience to QSI/NextGen, and the broad knowledge he
gained while working at various technology and software companies.
We look forward to the contributions Jamie will make in his new
role, further solidifying the management team as we prepare our
clients for the sea-change occurring within the healthcare
information technology landscape. We also want to thank John
Stumpf, our corporate controller and treasurer, for his efforts and
dedication as he ably filled the CFO role on an interim basis while
we conducted a nationwide search. John will remain the Company’s
principal accounting officer,” explained Rusty Frantz, president
and chief executive officer.
Arnold said of his new role: “This is an exciting time to be
part of the leadership team at Quality Systems and to have the
chance to drive change as the Company pursues a new strategic
direction and vision under the leadership of Rusty Frantz.”
Arnold, 59, holds a Bachelor of Business Administration in
Finance from Delta State University in Cleveland, Miss. and a
Master’s degree in Business Administration from Loyola University
in New Orleans, La.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. (QSI) and its
subsidiary, NextGen Healthcare Information Systems, develop and
provide a range of software and services for medical and dental
group practices, including practice management and electronic
health record applications, patient portal, interoperability and
connectivity products and population health management and
analytics offerings. Services include managed cloud services,
revenue cycle management, claims clearinghouse, data interchange
and value-add consulting. The Company’s solution portfolio is
readily integrated and collectively positioned to drive low total
cost of ownership for its client partners, as well as enable the
transition to value-based healthcare. Visit www.qsii.com and
www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within
the meaning of the federal securities laws, including but not
limited to, statements regarding future events, developments in the
healthcare sector and regulatory framework, the Company's future
performance, as well as management's expectations, beliefs,
intentions, priorities, initiatives, plans, estimates or
projections relating to the future. Risks and uncertainties exist
that may cause the results to differ materially from those set
forth in these forward-looking statements. Factors that could cause
the anticipated results to differ from those described in the
forward-looking statements and additional risks and uncertainties
are set forth in Part I, Item A of our most recent Annual Report on
Form 10-K for the fiscal year ended March 31, 2015 and in Part II,
Item 1A of our subsequent Quarterly Reports on Form 10-Q filed with
the Securities and Exchange Commission. The Company undertakes no
obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160218005375/en/
Quality Systems, Inc.Mark Davis, 949-255-2600Executive
Vice President, Corporate Development and
Strategymdavis@qsii.comorSusan J. Lewis,
303-766-4343slewis@qsii.com
Quality Systems (NASDAQ:QSII)
Historical Stock Chart
From Apr 2024 to May 2024
Quality Systems (NASDAQ:QSII)
Historical Stock Chart
From May 2023 to May 2024