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| Ketera Names Burton M. Goldfield New Chief Executive Officer |
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New CEO Brings Experience in Growing Emerging Businesses; Ketera′s Steve Savignano Continues as Chairman of the Board
Santa Clara, Calif., April 20, 2006 – Ketera, the leading provider of On Demand Spend Management solutions, today named industry veteran, Burton M. Goldfield, as the company′s new chief executive officer. Prompted by increased global demand for its on demand spend management solutions and the company′s recent high–volume surge of customer wins, Goldfield, 50, was appointed to the executive leadership role in an effort to scale the company′s business leadership to match its explosive growth momentum. Steve Savignano, who has served as Ketera′s CEO and Chairman of the Board for the past two years, will continue on as the Chairman of the Board.
Goldfield brings to Ketera more than 25 years of sales and operational leadership experience and technology management, most recently serving as Senior Vice President, Worldwide Field Operations at Hyperion Solutions Corporation. Prior to Hyperion, Goldfield came from IBM Corporation where he was vice president of worldwide sales for the Rational software brand, leading the global direct and indirect sales, consulting and field operations organizations. Prior to Rational being acquired by IBM, Goldfield led the growth from a $25 million dollar company to one generating more than $700 million in annual revenues.
Goldfield′s transition to CEO of Ketera will be effectively immediately. In his new role, Goldfield will lend his expertise to further developing Ketera′s emerging SaaS business by increasing it′s spend management footprint with both mid–sized and global enterprises.
"We have built a tremendous team at Ketera over the past two years, as evidenced by our phenomenal growth to date and our market traction," said Steve Savignano, Ketera chairman. "Ketera is very lucky to have a leader of Burton′s caliber, and track record for growing emerging businesses, come on board to take the company to the next level."
"My efforts as chairman will be focused on reaching out to our customers and collaborating on board–level strategy and the direction of the company," continued Savignano. "I look forward to assisting Burton and his team as they build on our achievements."
"Ketera is definitely an emerging leader in the SaaS market and has already achieved great success in the market by delivering proven cost savings to customers with its on demand spend management solutions," said Burton Goldfield. "Steve has been instrumental in bringing this vision to market, and has done a terrific job priming Ketera for the future. As CEO, I look forward to expanding upon this vision of on demand excellence, and I′m committed to steering Ketera forward in its next phase of growth."
"We are delighted that Burton will be joining Ketera as CEO and adding to the incredible depth of the company′s existing, seasoned executive team," said Ted Schlein, partner at Kleiner Perkins Caulfield & Byers. "We believe that SaaS will be the hottest growth area in technology over the next few years – with many companies vying to take a leadership seat next to SalesForce.com. Burton has the expertise and vision to ensure Ketera′s seat at that table."
About Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com. |
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