Fulcrum Technologies Hires Chief Operating Officer from Lotus Development Corp.

Strategic Insights

Jun 18, 1995 — 1 min read

Fulcrum Technologies Inc. has attracted a high-profile hire in the form of Mike Laginski, the former director of product management for Lotus Notes at Lotus Development Corp. Laginski's decision to leave the industry-leading Lotus Notes software was reportedly not solely driven by IBM's hostile takeover bid for Lotus, but rather a long-held desire to return to Canada. As the first chief operating officer at Fulcrum, Laginski will oversee sales, marketing, and research and development, bringing his experience from prominent tech companies like Hewlett-Packard Canada and Cognos Inc. to the Ottawa-based software maker.

Key Takeaways:

Fulcrum Technologies Inc. has hired Mike Laginski, former director of product management for Lotus Notes at Lotus Development Corp., as its first chief operating officer.
Laginski accepted the Fulcrum job several days before IBM's hostile takeover bid for Lotus.
Industry watchers had predicted a mass exodus of talent from Lotus if the company agreed to IBM's bid, which it did last week.
Laginski's decision to leave Lotus was reportedly made some time before IBM's bid, citing a long-held desire to return to Canada.
As chief operating officer, Laginski will oversee sales, marketing, and research and development at Fulcrum.
Fulcrum's president and CEO, Eric Goodwin, cited the company's rapid expansion as the reason for hiring a COO, leaving him with little time to establish strategic direction.
Laginski's career has included stops at Hewlett-Packard Canada Ltd., Cognos Inc., and Lotus Development Corp.

Statistics:

Fulcrum Technologies Inc. reported $27-million in revenue last year.
The company's new chief operating officer, Mike Laginski, is 39 years old and has experience from prominent tech companies.
IBM's hostile takeover bid for Lotus resulted in a mass exodus of talent from the company.

Sources:

"Fulcrum hires executive from Lotus amid IBM takeover bid," The Globe and Mail.

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