Maximizer Software Names John Caputo President; Firm Re-aligns Structure to Accelerate Momentum |
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Chief Technology Officer to assume strategic role on board of directors VANCOUVER, BRITISH COLUMBIA – September 5, 2006 – Maximizer Software Inc. (TSX: MAX), a leading provider of proven and affordable customer relationship management (CRM) and contact management solutions, today announced that John Caputo, the company’s former Chief Financial Officer and Co-President has been promoted to lead Maximizer Software’s aggressive global go-to-market strategy as the company’s sole President. The move is part of a realignment and succession plan that also sees the company’s Chief Technology Officer and Co-President Tom Bennett take a strategic seat on Maximizer Software’s board of directors. “Under the dedicated leadership of both John Caputo and Tom Bennett backed by a team of executives with deep CRM industry experience, Maximizer Software has differentiated itself as one of the industry’s major players – growing its CRM business by over 50% over the last four years, more than doubling the pace of the industry in general,” said Terry Hui, Chairman of the Board, Maximizer Software Inc. “Re-aligning the company structure will optimize company performance through better leverage of the current executive management team’s expertise and will ensure a singular, focused vision, direction and control for the company. I look forward to the company’s advancement under John Caputo’s leadership and welcome Tom Bennett with his more than 18 years of CRM industry expertise as a member of Maximizer’s board of directors.” A Chartered Accountant, Caputo joined Maximizer Software as Chief Financial Officer in 2000 and was promoted to Co-President in 2002. Prior to joining Maximizer Software, Caputo served as Chief Financial Officer for a publicly traded IT services and solutions company along with senior roles at KPMG. In 2005, Caputo was named to Business In Vancouver magazine's '40 under 40,' an annual list of B.C.'s 40 most successful entrepreneurs under the age of 40. Over the past four years, with Caputo and Bennett as Co-Presidents, Maximizer Software has realized on all four of its corporate objectives. It’s first two corporate objectives of growing revenue and profitability were attained through the realization of a 54% increase in its revenues, on a US dollar basis, as well having its CRM business GAAP profitable in each year over the four year period. Further, the Company has built significant market momentum by achieving its second two corporate objectives of expanding its customer base and increasing its brand recognition. Over the past four years, the company has earned no less than 25 high-profile industry awards – including CRM Magazine’s Market Leader Awards in both the SFA and SMB Suite categories. In addition, Forrester Research named Maximizer Software a Market Leader in its benchmark On-Premise SFA Wave report. Recently, Maximizer Software successfully launched Maximizer 9 and Maximizer Enterprise 9, which have been selected by more than 30,000 small and medium-sized business users from several thousand growing companies. As President, Caputo will lead corporate strategy and direction as well as oversee operations across the company’s three geographic regions of the Americas, EMEA (Europe, Middle East and Africa) and Asia Pacific. The company’s Vice President, Finance Kam Sandhu, a Chartered Accountant who joined the company in 2000 as Corporate Controller, has been promoted to Vice President, Finance & Administration and will assume Caputo’s finance, administration, information technology and human resources responsibilities. Tom Bennett, one of the original developers of Maximizer, will retire from his role as Chief Technology Officer and assume a strategic role on the company’s board of directors. William Anderson, who has more than 14 years of CRM industry experience, has been promoted from Vice President, Product Development to Executive Vice President, Technology and will take over direction of product strategy, planning and customer support. Reporting to Anderson, Joseph Hui with more than 10 years of CRM industry experience, has been promoted from Vice President, Engineering to Vice President, Research and Development and will now oversee the company’s product development as well as quality assurance and documentation. With more than 7 years of CRM industry experience and more than 19 years of senior sales experience in the software industry, Peter Callaghan will take on the role of Chief Sales Officer and will continue to head up the company’s highly successful go-to-market organization in the Americas region. Promoted from Executive Vice President, Sales and Marketing, Callaghan’s role will expand with additional responsibility for professional services and the management of global accounts. In conjunction with these changes, Maximizer Software also announced that the company’s Vice President, Americas Sales Vivek Thomas, former European executive of FrontRange Solutions, has been promoted to the role of Managing Director, EMEA. Thomas, who has more than 6 years of CRM industry experience and more than 10 years of senior sales experience in the software industry, will head up the company’s go-to-market activities throughout the EMEA region. Frank Hung and Samson Hui will continue as Managing Directors of the Australia/New Zealand and Asia regions respectively. Former Managing Director of EMEA Marcus Potts and former Vice President, Customer Support & Services John Robb are leaving the company to pursue other interests. According to John Caputo, President, Maximizer Software, 'I am very excited to take on the role of President. I would like to thank the outgoing members of our management team and especially my Co-President for the past four years Tom Bennett, and I wish them all well in their new pursuits. Their valued contributions have helped build our current momentum and the stage is now set for us to enter into the next phase of our product and corporate strategies. With our new optimally aligned management team packed with CRM industry experience we will take full advantage of the opportunities our position in the market for SMB CRM applications affords us. With over 10 years of CRM leadership since inception of the Company, it is time for Maximizer Software to take its success to the next level.” |
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