Avasta -- formerly Chapter 2 -- Names Timothy Chou to Board of Directors; Software Industry Leader Brings Wealth of Experience to Avasta.Business Editors, Technology Writers SAN FRANCISCO--(BUSINESS WIRE)--Feb. 21, 2001 Avasta(TM) (formerly known as Chapter 2, e-services Inc.), a provider of global operating infrastructure for Internet-based business applications, today announced the appointment of industry veteran Timothy Chou, president of Oracle Business Online, to the Avasta board of directors. Chou brings 20 years of experience to Avasta, including executive management, research and development and product marketing. Chou has been an instrumental leader in the strategic and tactical transformation of Oracle from an offline provider of enterprise business software to a provider of online enterprise-class business services through the Internet. While at the helm of Oracle's online business, Chou has directed the company to become the world's leading online business service provider, growing over ten-fold in the past year. Before joining Oracle, Chou was chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. at Reasoning, Inc., and also held numerous executive level positions at Tandem Computers (company) Tandem Computers - A US computer manufacturer. Quarterly sales $544M, profits $49M (Aug 1994). . "Timothy Chou brings valuable industry expertise and vision that will benefit Avasta as we chart our course over the coming months and years," said Ritu Raj, president and 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. of Avasta. "The executive team and board members look forward to working closely with him, and are confident his strategic counsel will guide us through our aggressive growth plan." "I am looking forward to working with the leadership team at Avasta, especially in today's economy when companies must be extremely diligent in their business decisions," said Chou. "The Avasta business strategy, accomplishments and long-term vision are impressive and influenced my decision to join the board. The industry requires a reliable, scalable global infrastructure as the software industry transforms from a CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). model to a service delivered across the Internet." Chou earned a Ph.D. in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from the University of Illinois University of Illinois may refer to:
About Avasta Launched in March 2000, Avasta, Inc., formerly Chapter 2 e-services, is one of the first companies built specifically to provide a global enterprise-class infrastructure, managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality and support for Internet-based business applications. The seasoned management team at Avasta has unparalleled experience in managing business applications and related technologies and is committed to building long-term customer relationships. The team believes that "It's not about hosting. It's about long-term relationships."(TM) Avasta is based in San Francisco and has secured financing from Alliance Capital, American Express, Convergence Partners, Sand Hill Capital and Hewlett-Packard Company. Please call 415/956-8000 or visit online at www.avasta.net Avasta, the Avasta logo and "It's not about hosting. It's about long-term relationships" are trademarks of Avasta. All other company or product names may be trademarks or registered trademarks of their respective owners. |
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