Fujitsu Appoints Ed Soladay Chief Operating Officer
Former President of CRS Retail Systems Joins Fujitsu Executive Team
FRISCO, Texas - Oct. 27, 2005 - Fujitsu Transaction Solutions Inc. has appointed Ed Soladay to the newly created position of chief operating officer (COO). Soladay brings extensive experience in the IT industry to Fujitsu, most recently as president of CRS Retail Systems, which experienced strong growth and recognition within the specialty retail industry under his leadership.
As COO, Soladay will be responsible for driving the performance of the software operations, managed services and marketing operations at Fujitsu.
"Ed`s strong execution skills, proven ability to lead top-performing teams and excellent track record in accelerating business performance make him a perfect fit for the COO role at Fujitsu," said Austen Mulinder, president and chief executive officer at Frisco, Texas-based Fujitsu. "He demonstrated these skills by substantially increasing revenues in every company he has been involved with, both through acquisitions and organic growth. His extensive understanding of the retail technology space combined with his wealth of experience optimizing company operations will build upon Fujitsu`s market momentum."
"Fujitsu is changing the rules in the retail technology industry and I am excited to join its leadership team and have the opportunity to build on its success," said Soladay. "Working with Fujitsu as an ISV, I was continually impressed with Fujitsu`s complete suite of software, hardware and services and its passion and deep customer culture, which is reinforced by its evangelical customer references."
Ed Soladay Biography
Prior to joining Fujitsu, Soladay was president at Newburgh, New York-based CRS Retail Systems from August 2001 to June 2005. CRS develops software and implements turnkey computer systems for point-of-sale, back-office, retail analytics, and real-time inventory and order management applications. CRS was ranked #2 in the 2004 RIS Leaderboard survey of the top 50 retail software vendors.
In 1993, Soladay joined Affiliated Computer Services (ACS), a multi-billion dollar information processing company, in Dallas, Texas, as vice president for client services, managing the outsourcing relationship for the Southwest Region`s major ACS clients. In 1996, he started the Retail Division of ACS and assumed the role of president of the Retail Division.
In 1988, Soladay joined LabForce, a start-up company in Dallas, Texas, as chief financial officer. Previously, he held executive financial positions at the U.S. Secretary of Transportation`s office in Washington, D.C. and Amcore, a major holding company in the oil, gas and real estate industries.
Soladay is a native of New Mexico and holds a B.A. in Accounting and General Business degree from St. Michael`s University in Santa Fe, New Mexico.
About Fujitsu Transaction Solutions
Fujitsu Transaction Solutions Inc. is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702) and the IT "lifecycle solutions" provider for consumer transaction environments. The company creates and manages high availability store environments and collaborates with customers to reduce their costs and improve their profitability. Fujitsu`s offerings include multi-vendor lifecycle services, point-of-sale hardware and software, mobile devices, networking solutions and self service systems including U-Scan. Customers include Canadian Tire, Chevron Corporation, Kroger, Loblaws, Nordstrom, Payless ShoeSource, Regal Cinema, Ross Dress for Less, REI, Staples, Stop & Shop and The TJX Companies, among others. The company also has a 50/50 joint venture with Retalix Ltd. (NASDAQ: RTLX) in StoreNext Retail Technologies LLC, the No. 1 supplier of retail technology to independent grocers and regional chains. Web site: www.ftxs.fujitsu.com
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