TECHNOLOGY - Feb. 13, 1996

Struggling Platinum Software Hires CEO: Less than a week after laying off 60 employees and reporting an $11-million second-quarter loss, Platinum Software Corp. appointed L. George Klaus president and chief executive. He succeeds Carmelo J. Santoro, who remains chairman of the Irvine-based maker of financial software. Santoro “felt the company needed a new leader who was more sales- and marketing-oriented, and George has tremendous industry experience in turning around companies and focusing on customers’ priorities,” company spokeswoman Geri Schanz said. Klaus was president and CEO of Frame Technology, a San Jose-based document-publishing software firm.