MINNEAPOLIS, Minn. — SoftBrands, Inc. today announced the appointment of Gregg A. Waldon as senior vice president and chief financial officer. Waldon’s employment is effective immediately. Most recently, Waldon was chief financial officer, secretary and treasurer of Stellent, Inc. , a provider of content management software solutions.

“SoftBrands is very pleased to have someone of Gregg’s caliber join our company,” said Randy Tofteland, SoftBrands president and chief executive officer. “Gregg is an excellent match for our needs, given his fourteen years as chief financial officer for two publicly traded companies, seven of them at a high-growth software company. In addition, Gregg has extensive international experience. We believe Gregg will provide strong leadership for the finance function and help it become more efficient and effective in helping SoftBrands achieve its business goals.”

Waldon joined Stellent in April 1999, playing a key role in its follow-on stock offerings, multiple acquisitions and operations. Prior to Stellent, Waldon was with GalaGen Inc., a bio-pharmaceutical company, serving as chief financial officer from 1994 to 1999. He also held positions at GalaGen as treasurer; vice president finance and controller. Earlier in his career Waldon was with Price Waterhouse LLP for more than six years as an audit manager in its middle market and emerging growth practice in Minneapolis, and as a senior staff accountant. He holds a bachelor of science degree in accounting from Bemidji State University and a master’s of science degree in finance from Colorado State University.

“I am very enthusiastic about joining SoftBrands at this point in its history,” said Waldon. “I believe there is enormous upside potential in the company and I am looking forward to making a meaningful contribution as part of the leadership team.”

In March 2006, SoftBrands announced that David Latzke, senior vice president and chief financial officer, would be leaving the company. Consistent with his agreement in March, Latzke remained chief financial officer of SoftBrands until Waldon was retained, and will continue to assist with the transition process through June 30, 2006.