Arigo[TM] Appoints Industry Veteran as New CEO to Lead Era of Rapid Scale and Growth.NORTH BILLERICA, Mass. -- Arigo[TM], the leading provider of Product Sourcing and Trade Management (PSTM PSTM Pre-Stack Time Migration (seismic processing) PSTM Photon Scanning Tunneling Microscopy ) solutions for manufacturers, wholesalers, and retailers today announced the appointment of Donny Askin as the company's new Chief Executive Officer (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. ). Prior to his appointment as CEO of Arigo, Askin was a member of the Board of Directors of Arigo and enjoyed a successful track record in growing best-in-class software and services companies. He brings a wealth of knowledge and experience to his new role with Arigo. Askin is the former founder, CEO and Chairman of CommercialWare, a leading provider of cross-channel commerce solutions for retailers. During that time, Askin oversaw o·ver·saw v. Past tense of oversee. the company's expansive growth and orchestrated or·ches·trate tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. the successful sale of the company to Micros Systems, 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 : MCRS MCRS Minnesota Companion Rabbit Society MCRS Marine Corps Recruiting Station MCRS Management Control Reporting System MCRS Mennonite Coalition for Refugee Support (Kitchener, Waterloo, Canada) MCRS Metropolitan Center for Regional Studies ). Since the sale of CommercialWare, Askin, as CEO, led the spinout spin·out n. An instance of spinning out: a motorist who was injured in a spinout. , financing and growth of OrderMotion, a leading provider of on-demand, web-enabled customer order management services to over 1,000 small and medium sized merchants. "I was first attracted to Arigo as a member of the Board of Directors because the company enjoys an unusual mix of successful ingredients: a strong market, products that really work, great people and great customers. I am assuming the helm to help Arigo fully leverage critical assets and realize its full upside potential Upside potential The amount by which analysts or investors expect the price of a security may increase. upside potential The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar ," says Askin. "My tenure on the Board over the past year gives me unprecedented context as I begin my new role as CEO." Askin will apply over 33 years of executive leadership, operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. , M&A, fundraising and strategic corporate development / planning experience to Arigo as it expands to new markets and sets a course for robust innovation and expansion in 2009. "We are very pleased to have Donny Askin at the helm leading Arigo during this time of accelerated development," Matthew Hicks Hicks , Edward 1780-1849. American painter of primitive works, notably The Peaceable Kingdom, of which nearly 100 versions exist. , COO of Arigo, said. "Donny possesses the essential combination of experience and expertise with growing companies that Arigo needs. He has what it takes to enhance our strategic vision and help carry the company into the future." Askin replaces former CEO, David Diamond, who made considerable contributions to Arigo. Diamond was the driving force in the transition of Arigo from its former corporate parent and his efforts were the springboard that helped bring the company to its current industry position. Mr. Diamond continues to be a significant Arigo shareholder and key advisor to the Company. He departs Arigo with a focus on new business interests in the venture and start-up market including a continued passion in sharing his experience and skills with others through MIT's Venture Mentoring Service. "David's vision and entrepreneurial actions brought Arigo to where it is today. We can't thank him enough for establishing a solid foundation for the company and helping to generate the current inertia upon which Arigo will build. David's contributions have been instrumental to Arigo's growth and we wish him only the best in his new endeavors," states Hicks. About Arigo Arigo provides a completely integrated Product Portfolio, Global Sourcing, and Trade Management platform available in a Software-as-a-Service (SaaS) model or on-premise installation. These solutions help customers develop and source products, assess and track suppliers, manage costs and compliance in complex trade processes, and accelerate, automate, and optimize supply chains. Arigo's web-based, collaborative platform, the Arigo PSTM Suite, represents the industry's greatest investment in a sourcing and trade management solution, thus enabling businesses to visualize and improve their sourcing pipeline at a granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains. gran·u·lar adj. 1. Composed or appearing to be composed of granules or grains. 2. level. Annually, Arigo's industry leading, customers source over $100 billion in goods from over 50 countries; manage over 40 million SKUs; track over 2,000,000 million containers; provide production visibility and support into 75,000 suppliers; and deliver critical intelligence for product sourcing and trade management excellence. |
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