Premenos Technology Corp., a developer of electronic commerce software for banks and businesses, appointed Timothy A. Dreisbach as president and chief executive officer.

Mr. Dreisbach stepped into the role last held by Daniel Federman, who resigned late last year amid disappointing sales of Premenos' Internet-based software.

Mr. Dreisbach, 47, was senior vice president at Boole & Babbage, a San Jose, Calif.-based business software firm. He also was a founding officer of a similar firm, Legent Corp., Herndon, Va.

"I'm delighted to join the Premenos management team," Mr. Dreisbach said. "Tremendous opportunities lie in business-to-business electronic commerce."

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