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EMPTORIS TO SELECT NEW CHIEF EXECUTIVE OFFICER
Burlington, MA – (August 13, 2009) - Emptoris, Inc., a leading provider of enterprise supply and contract management software, today announced that the company is conducting a search for a new chief executive officer. The former CEO, Avner Schneur, has stepped down and will continue in an advisory role with Marlin Equity Partners, the private equity firm that is the majority shareholder of Emptoris.
Bill Atkinson, currently the Group President of Technology at Marlin Equity Partners, will serve as interim CEO and Chairman of Emptoris, guiding the company's search for a new CEO and working closely with the Emptoris leadership team. Atkinson has more than 20 years of executive and operational experience in enterprise software and technology solutions.
"The company recognizes the legacy of Avner Schneur, who founded the company and led Emptoris to become the market's premier supply and contract management software company," said Atkinson. "The new CEO will inherit an organization primed for accelerated strategic acquisitions and organic growth, able to deliver the full potential of Emptoris to its customers."
In December 2008, Emptoris was acquired by and received a significant capital investment from Marlin Equity Partners, led by Marlin Partner Nick Kaiser, to support the company's growth strategies for both its operations and its award-winning solution suite. Since the acquisition, Marlin Equity Partners has been working closely with the Emptoris management team, helping to map the company's market and solution growth strategies.
Atkinson said, "Emptoris faces new opportunities as the economy begins to recover and Global 2000 companies look for new ways to take costs out of their business and impact the bottom line. The company expects its growth to be driven in large part by delivering deeper offerings to customers, such as the integration of the Contract and Services Procurement Management solution business that Emptoris recently acquired from Click Commerce."
Emptoris will be unveiling the latest enhancements to its supply and contract management suite in early October at its Emptoris Empower International User Conference. Recent innovations to the suite include new functionality such as real-time drillable dashboards; sourcing desktop intelligence; a spend enrichment manager; and host of functions that enable "agile contract management."
Emptoris is consistently recognized as a leader in supply and contract management software. The Gartner "Magic Quadrant For Sourcing Application Suites, 2008" report positioned Emptoris as the top sourcing software provider based on an evaluation of the company's "Ability to Execute" and "Completeness of Vision." Emptoris Contract Management also received the highest score for "Current Product Offering" in the "The Forrester Wave: Contract Life-Cycle Management, 2008."
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