Image Sensing Systems, Inc. (NASDAQ: ISNS), announced today that the board has appointed Kris Tufto as president and chief executive officer (CEO), effective immediately. Tufto previously served as interim president and CEO, and has been a member of the board since September 2011. He will continue in his role as board director.
“Kris’ depth of experience in software, technology and product marketing positions him as the clear choice to lead this company and best capitalize on future growth opportunities,” said Jim Bracke, chairman of the board. “The board is confident that Kris can return the company to historical profitability levels and, in the long term, maximize shareholder value. We are pleased to have his fresh leadership perspective and breadth of experience.”
Tufto has significant leadership experience in technology companies. He has been a member of the board of Sajan, Inc., a publicly-held company, since February 2010. From 2010 to 2012, Tufto was chief revenue officer at Code42, a software solutions and data protection company. Previously, he was chief executive officer at MarketingBridge, a global channel marketing company, and a consultant at W3i, a provider of application and mobile marketing solutions. Tufto has also served in leadership positions for various technology companies.
“During my time at Image Sensing Systems, I have found that the company has strong assets including a market-leading product offering, a state-of-the-art technology platform and a talented team of employees. Yet, I believe that certain of our assets continue to underperform their potential. I’m looking forward to leading Image Sensing Systems in taking advantage of the opportunities that lie ahead,” said Tufto.
Image Sensing Systems, Inc. is a provider of software-based detection solutions for the Intelligent Transportation Systems (ITS) sector and adjacent markets including security, police and parking. We have sold more than 125,000 units of our industry leading Autoscope® machine-vision, RTMS® radar and CitySync automatic number plate recognition (ANPR) products in over 60 countries worldwide. This depth of our experience coupled with the breadth of our product portfolio uniquely positions us to provide powerful hybrid technology solutions and to exploit the convergence of the traffic, security and environmental management markets. We are headquartered in St. Paul, Minnesota. Visit us on the web at imagesensing.com.