Kurt Peters , Executive Editor
Company Augments Revenue Team With Retail Supply Chain Experience
RICHMOND, Calif., Feb. 4 -- QRS Corporation (Nasdaq: QRSI) today announced the appointment of Ray Rike as vice president, North America sales. A seasoned sales executive with significant experience in supply chain commerce solutions, Rike will lead QRS` efforts in North America and will oversee a team of sales and retail industry professionals covering all QRS products and services.
"With his supply chain expertise and extensive customer relationships in the retail industry, Ray Rike is an invaluable addition to the QRS executive team," said Liz Fetter, president and CEO of QRS Corporation. "Ray`s appointment gives QRS the sales leadership that will drive the company`s future growth."
Rike has over 17 years of experience in building and leading global sales, marketing and professional service teams for enterprise class e-commerce and supply chain companies, including Global eXchange Services, Netscape, MarketFirst Software, CompuServe and ECtone. Over the years, he has worked with many of the leading names in retail, including Gap Inc, Levi Strauss & Co., and Nike, Inc. Most recently, as a principal with CrossCommerce Consulting, Ray advised venture capital and equity buy-out firms on mergers and acquisitions, sales operations and strategy in the B2B e-commerce industry.
"Having had long experience in the same industry for years, I was very familiar with QRS and I`ve always been impressed with their retail industry leadership," said Rike. "QRS has the software and services that leading retailers, manufacturers and suppliers depend upon to collaborate with their global trading communities and manage their supply and demand chains. I believe we have tremendous opportunities."
Also joining the QRS revenue team is Renee D`Ouville as vice president, product marketing. D`Ouville brings over 10 years of experience in product marketing and management for enterprise software and services companies. D`Ouville comes to QRS from Vicinity Corporation, where she was the senior director of product management. D`Ouville also brings valuable industry experience from Global eXchange Services, where she led sales and marketing efforts for its B2B e-commerce networks.
"With the addition of Ray Rike and Renee D`Ouville," continued Fetter, "we have augmented our depth of experience to drive performance for our customers and strengthen QRS` market leadership."
With headquarters in Richmond, California, QRS has been building solutions that automate the way companies connect, collaborate and transact since 1988.
Today, QRS delivers collaborative commerce software and services that enable retailers, manufacturers and suppliers to bring products to market quickly and profitably. With an extensive commerce solution for companies of any size or technology infrastructure, only QRS combines total electronic communication with the retail industry`s most extensive source of product information for accurate retail partner transactions. QRS also allows companies to see and manage processes across the supply chain so that problems can be detected and resolved. More than 8,000* customers from over 20 vertical markets -- including Sears, Roebuck and Co., Selfridges plc and Jones Apparel Group -- use QRS to meet customer needs, compress cycle times, reduce costs and improve sales margins. Learn more about QRS at www.qrs.com.
* Based on total, unique QRS corporate customers that purchased or licensed QRS products and services between January and December 2002. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements regarding future events and the future financial performance of QRS Corporation that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. Readers are referred to the documents filed by QRS Corporation with the SEC, specifically the most recent reports on Form 10-K, 8-K, and 10-Q, each as it may be amended from time to time, which identify important factors that could cause actual results to differ from those contained in the forward-looking statements, including risks associated with general economic conditions; specific conditions in the retail industry; competition; changes in our senior management; rapid technological change in our industry; dependence upon key customers and their trading partners; ability to introduce and market acceptance of new products and services; the ability to successfully integrate and manage acquired businesses and technologies; and dependence upon IBM for e-commerce services, among others. QRS assumes no obligation to update the forward-looking information contained in this news release.
NOTE: QRS is a registered trademark of QRS Corporation. All other trademarks belong to their respective owners.