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Pendo Systems Pipes Another Financial Services Industry Veteran On-Board

MONTCLAIR, N.J., Oct. 9, 2017 /PRNewswire/ -- Pendo Systems is delighted to announce the appointment of industry veteran Bill Woodley as a non-executive director. Bill's career in banking spans more than 25 years, where he has held a variety of executive roles within global financial firms across Europe, Asia, and the USA. Bill joins recently appointed, Ruth Wandhöfer, Global Head of Regulatory and Market Strategy at Citi on the Pendo Systems Board.

Most recently, Bill was the CEO of Deutsche Bank Americas and DB USA Corporation, the firm's US Intermediate Holding Company. Prior roles included: Deputy CEO of Deutsche Bank Americas, Global Chief Operating Officer, Regional Management and Group Chief Operating Officer, Asia Pacific region. Bill has extensive business and operational experience across strategic, risk management and regulatory issues. Bill also worked for many years in the Equities divisions for both Deutsche Bank and NatWest Markets.

Bill commented, "Pendo Systems is a small company tackling a universal issue for large, complex organizations; specifically —how to manage high volumes of unstructured data. Today's CEOs and Boards (especially those running Financial Institutions) have to be certain that their company's data is complete, accurate and constantly available. This is true not just to meet increasing regulatory obligations, but to best serve their customers. The Pendo product has had great success in processing high volumes of unstructured data quickly and accurately. Based on my experience, I am confident that firms currently struggling with data issues will find the product to be a valuable and cost-effective tool."

Pam Pecs Cytron, founder, and CEO at Pendo Systems said, "We are delighted Bill has come on Board. His long experience both as a banker and as a leader will be invaluable to us all as we drive the Pendo business forward. From my perspective, the business insights and strategic counsel that both Bill and Ruth provide is exceptional. I am humbled that they have agreed to be part of the Pendo family and am looking forward to benefiting from their advice and guidance over the coming months and years."

Mr. Woodley has previously been an Executive Board member of the Institute of the International Bankers (IIB) and on the Supervisory Board of The Clearing House. He serves on the Board and Audit Committee of the Tiger Woods Foundation.

Bill is a British citizen, started his career in the Royal Navy and lives in Princeton, New Jersey.

About Pendo Systems

The Pendo Machine Learning Platform (PMLP) is a data management and intelligence platform that provides exploration, discovery and analysis capabilities across multiple, disparate sources of unstructured data. It transforms unstructured data into AI ready datasets at machine scale and significantly improves on standard NLP libraries by applying real-world, customer training data – improving accuracy to over 95 percents. Headquartered in New Jersey with offices in Charlotte, NC, the senior management team brings decades of experience developing, selling and supporting enterprise-grade software solutions to global banks, insurance companies, and asset management firms. The firm prides itself on maintaining its agile development philosophy in order to address the ever-changing environment of the financial services industry.

Pendo Systems is certified as a Women's Business Enterprise by the Women's Business Enterprise National Council (WBENC), the nation's largest third-party certifier of the businesses owned and operated by women in the United States.

For press information

Clare Walsh | clare@adessotech.co.uk | +44 7768 770757

Hannah Pewter | hannah@adessotech.co.uk | +44 7500 905415

For company information

Philip Smith prsmith@pendosystems.com | 646.354.0067

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SOURCE Pendo Systems