ParaSoft CEO Honored with Ernst & Young
Dr. Adam Kolawa tops the list of software executives
Entrepreneur of the Year Award
in the greater Los Angeles area
MONROVIA, CA. (June 21, 2001) - ParaSoft, leading provider of
error-prevention and error-detection software tools, proudly announced
today that CEO Dr. Adam Kolawa received the 2001 Los Angeles Ernst &
Young Entrepreneur Of The Year (EOY) award in the software category.
Award recipients were honored at a banquet held on June 19 at the
Beverly Hilton Hotel. The EOY award recognizes business leaders who
have demonstrated outstanding success in such areas as innovation,
financial performance, and personal commitment to their businesses
As ParaSoft Chairman and CEO, Dr. Kolawa’s vision for the company has
always been to cultivate an environment in which employees are free to
be creative and innovative. Kolawa attests much of his success to the
company’s ability to foresee market trends and stay ahead of the curve
by providing products that anticipate customer needs.
"I am very honored to receive the Entrepreneur Of The Year award,"
said Kolawa. "I share this with the great team of people I work with at
ParaSoft. It is extremely rewarding to come to work every day with people
who get equally as excited as I do when we break new ground with the
development of a new product or technology."
Privately funded, ParaSoft is a software development company that
provides uniquely innovative products and services that help companies'
increase efficiency and reduce development related costs. ParaSoft
customers span across industries, and include Fortune 500 companies
such as Lockheed Martin, Hewlett-Packard, Goldman Sachs, Motorola and
Intel. The company offers technically sophisticated tools to automate
several programming practices that are often considered to be
time-consuming, expensive and monotonous. While many technology
companies face downward turns, ParaSoft has continued to remain
profitable. In fact, ParaSoft has doubled in both employee and
revenue size each of the past three years.
"The Entrepreneur Of The Year program honors Los Angeles’ most
outstanding business leaders," said Kelly Tien, Ernst & Young Partner
and Director of the EOY program in Los Angeles. "The vision, passion
and determination these entrepreneurs demonstrate is an inspiration
to us all."
Dr. Kolawa will join other regional winners to participate in Ernst
& Young’s National Entrepreneur Of The Year program. Finalists and winners
of the national award will be announced in Palm Springs on November 17,
About the Entrepreneur Of The Year Program
The Entrepreneur Of The Year program is founded and produced by
professional services firm Ernst & Young. The program is co-sponsored
nationally by USA Today, CNN, The Nasdaq Stock Market and the Kauffman
Center for Entrepreneurial Leadership at the Ewing Marion Kauffman
Foundation. Local sponsors include Bowne; Cap Gemini Ernst & Young;
Capital Resources; Paul, Hastings, Janofsky & Walker; Riordan & McKinzie;
Silicon Valley Bank; Scudder Kemper Investments; Strategic Coach; Wedbush
Morgan Securities; Scherzer & Company and The Los Angeles Business
ParaSoft is a pioneer of software error prevention and error detection
tools that help companies to improve productivity and profitability by
helping them to eliminate flaws in software applications. The company’s
patented technologies offer companies a competitive advantage by reducing
costly and lengthy debugging practices. ParaSoft's headquarters is
located at 2031 S. Myrtle Ave., Monrovia, CA 91016. Telephone (888)
305-0041. Fax (626) 305-3036. Email to: firstname.lastname@example.org .
ParaSoft is a registered trademark of ParaSoft.
Entrepreneur Of The Year is a registered service mark of Ernst & Young LLP.
All brands are trademarks or registered trademarks of their respective holders.
Editor's Note: ParaSoft product screenshots and review copies are available.
Press Contact: Sierra Roberts (626) 256-3680 Ext. 1270