Donald Olds Joins Presagia as President and Chief Executive Officer

Montreal, Canada, Wednesday, October 19, 2011 – Presagia, the leading developer of SaaS (Software as a Service) solutions for workforce health and absence management, today announced the engagement of Donald Olds as President and CEO. In this role, he will be responsible for guiding Presagia’s global strategy as it rapidly expands in the workforce management software market.

Mr. Olds has an extensive and successful history of senior management roles in fast-growing technology companies. He most recently served as Chief Operating Officer of Aegera Therapeutics, where he was responsible for clinical operations, business development, finance, and Mergers and Acquisitions. During his tenure, Aegera raised over $100 Million of growth capital, initiated 5 clinical development programs, acquired a rival technology company, and closed a preclinical licensing transaction with a potential value in excess of $300 million. Prior to Aegera Therapeutics, Mr. Olds was Chief Financial Officer of Mediatrix Telecom where he was responsible for operations, finance and manufacturing. He also led the technology investment banking practice of TD Securities in Quebec.

“We’re very excited that Don is joining our team as he brings the perfect combination of experience and skills needed to lead our company and to manage the rapid growth we are experiencing for our health and absence management offerings. With Don on board, co-founder Peter Rorlick and I will be able to focus on the continued advancement of our technology platform and expansion of our market presence,” states David Glickman, co-founder of Presagia.

“David, Peter, and their team have built a world-class product offering and I am looking forward to working with them to build upon the success they have had, and to ensure we continue to meet the needs of our valued partners and customers,” declares Donald Olds, President and CEO of Presagia.

About Presagia

For almost 25 years, Presagia has been developing and implementing intelligent software solutions to address the health and absence management requirements of employers, healthcare practitioners, and athletics organizations worldwide. These solutions streamline information flow and improve communication for more effective management and analysis of key health and absence information.

This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: on behalf of the company listed above.