@Road Appoints 19-Year IBM Veteran to Lead Asia Pacific Expansion; Ananth Siva Brings to @Road Extensive Experience in Asia Pacific Market Development and Alliance Building for IBM.FREMONT, Calif. -- @Road(R), Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARDI ARDI Association Rwandaise pour la Promotion du Développement Intégré (French) ARDI Accounts Receivable Dollar Inventory ARDI Action Rwandaise pour le Developpement Integre ARDI Annually Renewable Disability Income ), a global provider of Mobile Resource Management (MRM MRM Marketing Resource Management MRM Mobile Resource Management MRM Metabolic Response Modifiers MRM Multiple Reaction Monitoring (mass spectrometry) MRM Mormonism Research Ministry MRM Mechanically Recovered Meat ) and intelligent field service automation solutions, today announced the appointment of Ananth Siva as Vice President, Asia Pacific. The 19-year veteran of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) will lead @Road expansion efforts in the Asia Pacific region and will be based out of @Road offices in Sydney, Australia. "We are proud to have Ananth lead our efforts to develop the Asia Pacific market as part of our global growth strategy," said Krish Panu, @Road CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "He brings extensive experience as an IBM Asia Pacific Software Group Executive with a successful track record selling into Global 1000 companies. We look forward to his leadership over our Asia Pacific team and to his contributions to our international expansion efforts." Prior to joining @Road, Ananth Siva was IBM's Asia Pacific Software Group Executive in charge of Industry Solution Sales driving solutions through a team of more than 250 software sales representatives. Earlier he was the IBM Asia Pacific Sales Executive responsible for building the company's highly successful business development program with Independent Software Vendors (ISVs). Under Siva's leadership, numerous alliances were established with a number of leading Asia Pacific ISVs who serve as the cornerstone of IBM's application software portfolio. This drove regional IBM ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. revenues from about $100 million in 1998 to more than $1 billion in 2003. "This announcement marks another milestone in our accelerated efforts to expand in the Asia Pacific region and comes on the heels of our recent announcement commemorating the expansion of our offices, staffing and business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets in Chennai, India," Panu said. "These are all parts of our strategy to fuel long-term revenue growth though accelerated global expansion efforts and international market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" ." Since joining IBM about 19 years ago, Siva held numerous other IBM sales, marketing and executive management positions in the Asia Pacific region. He holds a bachelor's degree in electronics from University of Bombay, India and a Masters of Business Administration in International Business from University of Sydney The University of Sydney, established in Sydney in 1850, is the oldest university in Australia. It is a member of Australia's "Group of Eight" Australian universities that are highly ranked in terms of their research performance. , Australia. Siva is also a certified Wharton Business School "Major Deal Maker." "I am very excited to have joined a company that is in position for international growth," Siva said. "I look forward to leveraging my experience, especially from IBM, to build and expand on the competitive strengths of innovative @Road MRM solutions as we move forward with our global market development vision in the Asia Pacific region." About @Road @Road, Inc. is a leading global provider of solutions designed to automate the management of mobile resources and to optimize the service delivery process for customers across a variety of industries. By providing real-time Mobile Resource Management infrastructure integrating wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , location-based technologies, software applications, transaction processing and the Internet, @Road solutions are designed to provide a secure, scalable, upgradeable, enterprise-class platform, and are offered in on-demand software delivery, on-premise or hybrid environments that seamlessly connect mobile workers in the field to real-time corporate data on demand. @Road provides Mobile Resource Management solutions to approximately 160,000 subscribers and end users around the world. The company is headquartered in Fremont, Calif., and has a global presence with offices in North America, Europe and Asia. For more information on @Road solutions, visit www.road.com. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These factors, risks and uncertainties include, but are not limited to customer acceptance of @Road solutions in the Asia Pacific region; the expansion of international operations; the timing of purchasing and implementation decisions by prospects and customers; competition; the dependence of @Road on mobile data systems technology, wireless networks, network infrastructure and positioning systems owned and controlled by others; and general economic and political conditions. Further information regarding these and other risks is included in the @Road Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. dated March 15, 2005, in the @Road Report on Form 10-Q Form 10-Q See 10-Q. dated August 9, 2005 and in its other filings with the Securities and Exchange Commission. @Road is a registered trademark of @Road, Inc. |
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