Former IBM Executive Adds Innovation, China Expertise to PrimeRevenue Board
Ex-MAPICS CEO Richard C. Cook Becomes New Director
ATLANTA, GA – November 1, 2007 – PrimeRevenue, Inc., the leading global provider of Supply Chain Finance (SCF) solutions, announces the appointment of Richard C. “Dick” Cook to its Board of Directors.
"We are very honored to have Dick join our board," said Joseph Juliano, CEO, PrimeRevenue. “Dick brings a wonderful combination of experience, energy and a world view that further rounds out the expertise of our board. From a board perspective, we have unmatched expertise in finance and capital markets, physical supply chain, factoring and now ERP all with a truly global perspective.”
Mr. Cook served as a Director, and as the President and Chief Executive Officer of MAPICS, Inc. (NASDAQ/NM: MAPX) from its spinoff from IBM in 1993 until 2005. As CEO he was responsible for leading the company to become a $173 million revenue business by year-end 2004, with over 10,000 active customer sites using the applications in 19 languages in over 70 countries around the world. Prior to his tenure with MAPICS, Mr. Cook was an executive with the IBM Corporation in a career that spanned 25 years, during which he held senior management positions in Information Technology, Production Control, Quality Assurance, Plant Engineering, and Purchasing, and where he directed the Boca Raton site operations team during the introduction of the IBM Personal Computer.
Mr. Cook earned a Bachelor of Science degree from Florida Atlantic University and he is currently a member of the Goizueta Business School Advisory Board at Emory University. Mr. Cook brings extensive China-based supply chain knowledge having served as chairman of the board of the American Electronics Association where he lead groups of executives on trade missions to China, as well as having managed the MAPICS subsidiary doing business in China. Additionally, he has served on numerous boards of non-profit organizations such as the United Way, Urban League, and YMCA.
“PrimeRevenue is in the enviable position of becoming the global Supply Chain Finance provider of choice, while at the same time leading SCF evolution and development.” said Cook. “I look forward to working with this talented team as they continue on their global mission, particularly during this exciting period of rapid growth.”
About PrimeRevenue, Inc.
PrimeRevenue's leading global Supply Chain Finance (SCF) platform and solutions enable dramatic new working capital efficiencies for the benefit of buyers and their suppliers. PrimeRevenue achieves this through the delivery of secure, robust, industry-leading technology, a global community of the world’s most innovative financial institutions and partners, and flexible working capital solutions and advice. Companies are relying on SCF deployments powered by PrimeRevenue to increase profitability, remove risk from their supply chain, and forge stronger trading partner relationships. Headquartered in Atlanta, Georgia, PrimeRevenue has offices and customers throughout the world. For more information, visit www.primerevenue.com.
MEDIA CONTACTS:
Shari Garnsey
Global Manager, Marketing and Communications
+1 678 904 7141
sgarnsey@primerevenue.com
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