Paradigm Names Arshad Matin as New President, CEO and Board Member
1 May 2013
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.
"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 growth."
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,"
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, Apax senior partner. "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
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
For more information, visit www.pdgm.com, or e-mail firstname.lastname@example.org.
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 compromise.
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