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Optiant Recruits Respected Industry Veteran, Fred Lizza, as CEO
Thursday, May 15, 2008
Brings 25 Years of Experience Driving Growth and Financial Success
BOSTON, May 15 /PRNewswire/ -- Optiant, the premier provider of inventory
planning and optimization solutions, announces that industry veteran,
Frederick J. Lizza, has been named as Optiant's new Chief Executive Officer.
Fred Lizza brings valuable strategic insights and execution leadership to
continue to drive Optiant's positive momentum toward increased market share,
industry leadership, and profitability. Fred is a 25 year veteran in the
software and technology industry where he has succeeded in raising venture
capital, leading public offerings, driving growth through internal development
and acquisition, building and managing strategic alliances, and developing
high performance management teams.
"To have a leader and visionary of Fred Lizza's caliber join Optiant is a
testament to the strength behind the company's approach to solving inventory
and supply chain issues for the world's leading businesses," said Dave
Anderson, interim CEO and member of the Board of Directors of Optiant. "His
track record in growing companies to achieve market leadership, combined with
his ability to implement innovative business strategies, makes him an ideal
leader for Optiant."
"I am very excited to join Optiant at a time when companies are looking
for ways to become more profitable and manage their working capital more
closely," said Fred Lizza, CEO of Optiant. "Optiant's products and domain
expertise are key tools helping the world's leading manufacturers optimize
their inventories -- even across complex, global supply chains. We are well
positioned to help clients deliver greater profitability and gain competitive
advantage, as shown by our industry-leading customers."
Previously, Mr. Lizza was president and CEO of Avotus Corporation, a
software-based telecom expense management provider. Under his leadership,
Avotus became a SAAS-based managed service provider and one of the top market
leaders in its space. Prior to Avotus, he was president and CEO of Idiom
Technologies, Inc., a leading provider of enterprise web globalization
software and services to the Global 2000 and e-commerce enterprises.
Prior to joining Idiom, Fred was president and CEO of Infinium (formerly
Software 2000), a publicly-held ERP software company that was named as one of
Business Week's "Top 100 Hot Companies." At Infinium, he was successful in
increasing revenues by 250%, leading the company's IPO and secondary public
offerings, building a profitable consulting business, and expanding the
business globally.
Fred holds an MBA in Marketing from Harvard Business School and Bachelor
of Science from Boston College.
About Optiant
Optiant, a premier provider of supply chain inventory optimization,
network design and business intelligence solutions, helps Global 2000
companies optimize bottom-line performance through the creation of the world's
most responsive and resilient supply chains.
Optiant's solutions optimally balance resources, total costs, and customer
service across the supply chain to deliver greater profitability, increased
customer satisfaction, more efficient use of capital, and a resilient supply
chain that fully handles uncertainty in supply and demand. Optiant has
optimized supply chains for the world's leading manufacturers including Black
& Decker, Henkel, Hershey Foods, HP, IKEA, Imation, Intel, Microsoft, Nestle,
P&G, and Sonoco.
Delivering millions of dollars in returns, Optiant's industry-focused
solution, certified for integration by SAP, generates quantifiable business
results within 90 days of implementation. Optiant's solutions are based on
award-winning research from MIT and decades of experience dedicated to the
identification and realization of supply chain efficiencies. For more
information, please visit http://www.optiant.com .
SAP and other SAP products and services mentioned herein as well as their
respective logos are trademarks or registered trademarks of SAP AG in Germany
and in several other countries all over the world.
All other product and service names mentioned are the trademarks of their
respective companies
CONTACT: Pauline McCormack
+1 781 238 4167
pauline.mccormack@optiant.com
Jim Caruso
MediaFirst PR - Atlanta
+1 404 788 0188
jim@mediafirst.net
SOURCE Optiant
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