Velosel Appoints Former PeopleSoft Executive as CEO
Thomas Jones joins Collaborative Product Information Management software leader
Mountain View, California - September 29, 2003 - Velosel(tm) Corporation, the leading provider of Collaborative Product Information Management (CPIM) solutions, has named Thomas Jones, former PeopleSoft, Inc. (Nasdaq: PSFT) senior vice president of North American sales, as president and CEO. Glenn Abood, Velosel`s former CEO, will continue to serve as the company`s chairman.
With 20 years of experience in leading both publicly listed and privately funded enterprise software and applications companies, Jones will drive Velosel`s global expansion strategy and head up the company`s next phase of growth
At PeopleSoft, the world`s second largest provider of enterprise application software, Jones was responsible for all software license revenues in North America, totaling $500 million. He also implemented and spearheaded the company`s new sales organization structure of more than 600 staff.
Prior to PeopleSoft, Jones was president and CEO of StrataSource, Inc., an application and infrastructure management services provider (MSP). Under his leadership, the privately funded start-up grew from a boutique service organization to become the market`s leading MSP. Jones led the sale of StrataSource to SevenSpace, Inc., an information technology outsourcing provider.
Previously, Jones was president & COO at MDL Information Systems, Inc., a provider of software solutions to global drug and chemical manufacturers. He was instrumental in establishing MDL as the worldwide leader in chemical information management. Jones was part of the executive management team that led MDL`s successful initial public offering in 1993.
"Over the past few quarters alone, we`ve experienced a significant increase in market traction for our Collaborative Product Information Management application, as retailers and manufacturers launch their global data synchronization initiatives," said Glenn Abood, Velosel chairman. "Tom`s expertise in growing start-ups and heading up established, industry-leading technology companies will be key for our next phase of growth."
"Velosel has gained a reputation as the leading solution provider in the consumer goods and retail sectors. The company has established this position by providing unmatchable domain expertise, a highly scaleable and effective software solution and best of breed customer service. Customers such as Campbell Soup Company, Clorox and Ace Hardware have chosen Velosel to answer their complex CPIM requirements worldwide," said Thomas Jones, Velosel president and CEO. "I look forward to building on our past successes and to continuing our expansion as the leader in worldwide Collaborative Product Information Management."
Jones holds a B.S. in analytical management from the United States Naval Academy and an M.S. in systems management from the University of Southern California.
Today`s announcement resulted from a nationwide search led by Mel Connet, Managing Partner of executive search firm Connet & Company LLC, Menlo Park, CA
About Velosel
Velosel Corporation enables retailers and consumer goods manufacturers to trade effectively by providing real-time access to accurate product information. Its software removes supply chain inefficiencies by eradicating errors in product data and automating the process required to maintain this dynamic information. Velosel5, a collaborative product information management application, provides an ordered framework for the people, processes and systems that impact product information throughout the enterprise and drives global data synchronization with external trading partners. Velosel`s technology builds the foundation for critical initiatives such as Radio Frequency Identification (RFID), Collaborative Planning, Forecasting and Replenishment (CPFR) and Sunrise 2005.
Leading companies, including Ace Hardware, Campbell Soup Company, The Clorox Company and Wyeth, utilize Velosel`s technology. Velosel is a Certified and Preferred Solution Partner of UCCnet and is committed to standards for Global Data Synchronization. Headquartered in Mountain View, California, Velosel can be contacted in the U.S. at (650) 641-8300 or at www.velosel.com.
Velosel and Velosel5 are trademarks of Velosel Corporation. All other company, product and brand names are trademarks of their respective owners.
CONTACT:
Rachel Kim
Account Manager
LEWIS P.R. Inc.
Tel: +1 415 277 5463
Fax: +1 415 277 5410
Email: rachelk@lewispr.com
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