February 12, 2001

AppsTech Names Financial Applications Expert As COO

AppsTech, an information technology (IT) consultancy for multinational corporations and governments, is naming Muyiwa Idowu as chief operating officer.

Raised and educated in Nigeria, Idowu speaks English, French and Yoruba. He will direct the company's global expansion, targeting multinational corporations and foreign governments and will oversee the deployment of the company's services on an application service provider (ASP) basis. 

Idowu, whose experience includes solving complex IT and financial process bottlenecks for both government and private clients, will also oversee AppsTech's finance and human resources departments. Recently, Idowu worked as an advisory consultant to the U.S. Department of Education where he directed the streamlining and efficacy of its core treasury and cash management processes. 

While working with Ernst & Young in London, England, Idowu led audits of companies in various industries including banking, oil and manufacturing. He also served as financial controller for the Programmes Group of Companies and was a partner at M&D Management Consultants. 

In the US, Idowu managed projects that resulted in the identification and analysis of non-performing loan portfolios and the resolution of discrepancies in agencies reporting to the U.S. Department of the Treasury. He was credited with playing a major role in the accomplishment of the U.S. Small Business Administration's (SBA) first unqualified audit opinion in 1997. Idowu is a chartered accountant and a member of the Information Systems Auditing and Control Association. 

AppsTech selects, builds, implements and supports comprehensive e-business solutions for multinational corporations and governments worldwide. The company, based in Bethesda, Md., has offices in North America, Europe and Africa, and a Web site at http://www.appstech.com.