The listing of MGEN's shares on the NASDAQ National Market System represents a significant benefit for our shareholders in terms of increased liquidity," said John Snedegar, president and CEO of MGEN.
During recent months MGEN has completed important acquisitions and entered into numerous strategic alliances which will make the Company more competitive and will expand its targeted market presence.
through a wholly-owned subsidiary), and MGEN Tech Fund I.
The MGEN Tech Fund I, a US based technology investment group, is involved in financing transaction management and online commerce initiatives.
For more than 15 years, MGEN
has been a leader in the design of escrow programs and over 800 installations nationwide.
In addition, Murry will participate in core strategic planning, policies and procedures, team development, and all other components of MGEN's eCommerce initiative that specifically focuses on Internet professional services for MGEN and its business units.
We are extremely pleased to have Jim Murry join our senior management team, said MGEN president and CEO John Snedegar.
It is in this context that the MGEN has selected SAS OpRisk Monitor.
MGEN is currently finalizing the development and implementation phases, with deployment targeted for Q1 2010.