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Innovative Systems Mourns the Loss of Board Chairman
Thomas V. Fritz
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Pittsburgh, PA – January 30, 2009 – It was with great sadness that Innovative Systems, Inc. (ISI), parent company of FinScan, learned this week of the passing of its Chairman, Thomas V. Fritz, in a tragic auto accident, Sunday, January 25, while visiting Argentina on a charitable mission.
Mr. Fritz joined ISI’s board in 1994 and was elected Board Chairman in 2001. Former Board Director Earl Hord describes Mr. Fritz as a guiding force |
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at ISI. “From day one, Tom was an invaluable resource to our Board,” said Hord. “His strong leadership and management style were instrumental in helping the company develop in new areas and grow over the years. The relationship Tom had with all the Board members was both professional and personal. I will miss his friendship and I know that the company will miss his steady leadership.” |
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The associates, officers, and Board of ISI mourn his loss. Bob Colonna, president of Innovative Systems, remembers Mr. Fritz as a principled and honorable colleague and friend. “Tom Fritz was a role model to us all,” stated Colonna. “He was a person who lived life for his faith, his family and service to others. We are witness to how well respected he was by the number of calls and emails we’ve received from associates, friends, and schoolmates expressing sadness at his passing." |
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Mr. Fritz’s family has asked in lieu of flowers that his memory be honored by donations to Duquesne University, the institution that provided an education to three generations of the Fritz family. Contributions may be made to the Tom Fritz Memorial Fund, Duquesne University, Attention: James Miller, 405 Administration Building. Pittsburgh, PA 15282. |
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About FinScan
As the compliance business division of Innovative Systems, Inc., (ISI), FinScan protects organisations against non-compliance with the world-class data quality and data matching capabilities that are the cornerstone of all ISI products and services.
FinScan helps financial services organisations worldwide meet the requirements of international government regulatory agencies by providing the most advanced sanctions list and PEP compliance solutions available. FinScan offers 24/7/365 list management; licensed, hosted, or transactional screening options; and automated due diligence reports to help ensure the most effective and accurate compliance for our clients. The FinScan Web site is located at www.finscan.com.
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About Innovative Systems, Inc. (ISI)
Innovative Systems is a world leader in delivering enterprise customer information solutions to organizations whose success depends on a complete and accurate understanding of their customers. ISI's data quality, data management, and compliance solutions include the i/Lytics® Enterprise Data Quality Suite; i/Lytics GLOBAL™ a CASS-certified address verification solution; Synchronos™, a master data management solution for enterprise customer data, and FinScan for compliance list, sanctions and PEP screening. |
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| Since 1968, companies worldwide have relied on ISI’s data quality software, systems integration, database solutions and customer data quality audits. The company has set the standard for data quality management in thousands of applications in more than 30 countries. Innovative Systems is headquartered in Pittsburgh, Pennsylvania, site of the 2009 G20 summit, with European offices in London, and representative offices in Brazil, Mexico, Netherlands, South Africa, and the Middle East. The Innovative Web site is located at www.innovativesystems.com. |
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Company Press Contact:
Karin O'Sullivan
Innovative Systems, Inc.
Tel: +1 (412) 937 7678
kosullivan@innovativesystems.com |
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Trademark Notice
i/Lytics, i/Lytics PostLocate, Synchronos and FinScan are trademarks of Innovative Systems, Inc. All other products or company names are used for identification purposes only, and may be trademarks of their respective owners. |
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