Press releases

M*Modal Hires 30-Year IT Veteran as Chief Marketing Officer

Published on February 13, 2012


FRANKLIN, Tenn.– MModal Inc.(NASDAQ/GS: MODL), a leading provider of clinical narrative capture services, Speech Understanding™ technology and clinical documentation workflow, today announced that Randy Drawas has joined M*Modal as Chief Marketing Officer, a new position at the Company.

Mr. Drawas comes to M*Modal with more than 30 years marketing experience in the IT industry and will oversee the strategic market development of the M*Modal brand and its family of solutions. In his previous role, Mr. Drawas created and managed both the Corporate and Consumer marketing operations for North America, Latin America and Western Europe, along with the expansion of Global Marketing Services for Moscow-based IT security giant Kaspersky Lab, which today manages the Internet security for 300 million users around the world. In the process, he founded and helped drive the exponential growth of Kaspersky’s North American e-commerce business.

“Randy brings substantial global marketing experience to our team at a pivotal point for M*Modal. We are working to build on our core services and industry-leading technology innovations to expand our focus in under-served healthcare markets and enhance our partnerships within the healthcare ecosystem. As our marketing strategy architect, Randy will work to create greater awareness of M*Modal and help us position the company for a successful pivot from a services-focused business to a provider of technology-enabled services and commercialized proprietary technology solutions,” noted Vern Davenport, Chairman and CEO of M*Modal.

“Timing is everything,” added Drawas. “With the newly forged combination of companies, technologies and services that now comprise M*Modal, success will come from the quality of our solutions we deliver and the power of the brand we create. It’s hard to imagine a better time to be joining such a world-class team in helping to positively change our world.”

Mr. Drawas is an alumnus of Rochester Institute of Technology.

About M*Modal

M*Modal (NASDAQ/GS: MODL) is a leading provider of clinical narrative capture services, Speech Understanding™ technology and clinical documentation workflow. M*Modal’s enterprise solutions – including mobile voice capture devices, speech recognition, Natural Language Understanding, Web-based workflow platforms and global network of medical editors – help healthcare facilities facilitate adoption of electronic health records (EHR), transition to ICD-10, improve patient care, increase physician satisfaction and lower operational costs. For more information, please visit www.mmodal.clientcreative.com, Twitter, Facebook and YouTube.

Forward-Looking Statements

Information provided and statements contained in this press release that are not purely historical, such as statements regarding our expectations regarding our future business plans are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this press release and the Company assumes no obligation to update the information included in this press release. Statements made in this press release that are forward-looking in nature may involve risks and uncertainties. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, without limitation, specific factors discussed herein and in other releases and public filings made by the Company (including filings by the Company with the Securities and Exchange Commission). Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made in this press release.