EXE Strengthens Executive Team and Revs Up Research and Development
Dallas, Texas—August 21, 2001 – EXE Technologies, Inc. (Nasdaq: EXEE), a leading supply chain execution solutions provider, announced today the appointment of Richard Lackey as its chief technology officer. Bringing extensive industry knowledge as well as significant engineering, research and development, product lifecycle and quality experience to EXE, his addition further strengthens the management team and helps position the company to capitalize on growing markets for supply network and collaboration solutions.
Lackey brings more than 20 years of commercial software experience to EXE. Preceding this appointment, he served as co-founder, vice president engineering and chief technology officer at RoamingCloud. Prior to that, Lackey held senior management and/or chief technology officer positions for Brio Technology, SQRIBE Technologies, Enterworks, and Compuware EcoSystems. He has managed distributed research and development organizations throughout his career with a focus on innovative, large scale, mission critical, distributed products. Lackey is also a co-author of industry specifications in distributed object and event management and the author and/or co-author of patents in distributed data technologies.
"We are very proud to have Richard join EXE," said Ken Powell, president and chief operating officer, EXE. "His broad experience in managing research and development in high-growth technology companies will give the EXE management team added insight and counsel as we chart our company`s course."
"Richard is here to help EXE create breakthrough technology that will solve real-world supply chain problems," added Raymond Hood, chief executive officer, EXE. "The breadth and depth of his experience will help the company as it strives to deliver world-class software that provides superior service to our customers."
"EXE`s business model focuses on what the market requires and expects from a global provider of supply chain execution software," said Lackey. "The company`s state-of-the-art offerings and delivery approach, emphasizing quality service and value, signify the future of supply chain industry. EXE has assembled a well-experienced team of IT and product development professionals. As a result, we are well positioned to capitalize on the market demand for supply chain network and collaboration solutions. I`m happy to be a part of this company and to have the opportunity to position EXE as a premier provider of supply chain execution software solutions."
About EXE Technologies, Inc.
EXE Technologies, Inc. (Nasdaq: EXEE) is a leading provider of fulfillment, warehousing and distribution software for e-commerce and traditional distribution channels. EXE`s software allows companies to use the Internet and traditional communication methods to efficiently manage and control the flow of inventory throughout the supply chain. Companies use EXE`s software to reduce distribution costs and increase customer loyalty and satisfaction. EXE provides global service and support for its software from established facilities in North America, Europe, the Middle East, Asia and Australia. For more information about EXE Technologies, Inc., call (214) 775-6000 or visit www.exe.com.
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EXE Technologies, EXE and EXceed are trademarks, registered trademarks or service marks of EXE Technologies, Inc. in the United States and/or other countries. All other trademarks or service marks contained herein are the properties of their respective owners.
Statements contained in this press release that are not historical facts may be forward-looking statements, as the term is defined in the Private Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Many factors, including the risks outlined from time to time in the documents filed by EXE with the Securities and Exchange Commission, will be important in determining future results. The forward-looking statements contained in this press release include, among other things, statements relating to our product development, expected growth, the expected growth of the supply network and collaboration markets and the future contributions of our new chief technology officer. Any and all of our forward-looking statements can be affected by inaccurate assumptions we might make or by known or unknown risks and uncertainties. Our actual future results may vary materially.
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