Quality Systems, Inc. Appoints Chief Financial Officer
IRVINE, Calif.--(BUSINESS WIRE)--
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
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
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
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
"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.
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
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, 949-255-2600
Vice President, Corporate Development and Strategy
J. Lewis, 303-766-4343
Source: Quality Systems, Inc.
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