Bowstreet Adds Netscape and Oracle Veterans to Executive Team to Bolster Revenue Through Global, Direct and Indirect Alliances.Business/Technology Editors
PORTSMOUTH, N.H.--(BUSINESS WIRE)--June 26, 2000
Lorna Bender appointed VP of Alliances and Channels and
Kristen Brown selected VP of Business Development
Bowstreet (www.bowstreet.com), a leading provider of XML XML
in full Extensible Markup Language.
Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. infrastructure for business-to-business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G.
B2B - business to business ) web marketplaces, today announced the appointments of two globally-experienced technology industry professionals to help drive the company's aggressive expansion plans. Former Netscape (NYSE NYSE
See: New York Stock Exchange : AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) and PeopleSoft (Nasdaq: PSFT PSFT PeopleSoft (stock symbol)
PSFT Progressive Saturation Fourier Transform
PSFT Prosoft-Technology, Inc ) executive Lorna Bender and former Intuit (Nasdaq: INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ) and Oracle (Nasdaq: ORCL ORCL Oracle (stock symbol) ) executive Kristen Brown will operate from the West Coast, further strengthening Bowstreet's presence in Silicon Valley. Bender and Brown are chartered with expanding the company's marketshare and worldwide presence through strategic direct and indirect partnerships throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia-Pacific.
As Vice President of Alliances and Channels, Bender will rapidly build and increase Bowstreet's channels, identifying, securing and managing indirect alliances to boost Bowstreet's revenue both domestically and overseas. As Vice President of Business Development, Brown takes the helm of Bowstreet's strategic partnership initiatives, evaluating mergers and acquisitions, technology licensing opportunities, and establishing strategic partnerships with B2B technology solutions leaders to solidify the company's position in the B2B marketplace.
Bender is applying her expertise at quickly multiplying revenue through business relationship networks comprising system integrators, OEMs, resellers, application service providers and digital marketplaces, among others. Bender's legendary relationship and revenue-building skills caught the eye of Netscape co-founder and author Jim Clark Jim Clark - Dr. James H. Clark , who cites her in his book Netscape Time: The Making of a Billion-Dollar Start-Up That Took on Microsoft: "...we recruited Lorna Bender from PeopleSoft... [and] told her [we] wanted ninety distributors signed up in ninety days..." (May 1999)
"I joined Netscape when it was defining itself as the great pioneer in the Internet's first wave," Bender explained. "Bowstreet is revolutionizing the `Net's third wave - business webs - with leading-edge technology. Bowstreet is an enormously appealing opportunity for me because this company really recognizes the value that a variety of partnerships brings in growing a company's revenue and market leadership."
Brown, who will join Bowstreet on June 29, will employ her business development experience to effect strategic partnerships and acquisitions that will strengthen Bowstreet's position in the B2B marketplace. According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Brown, "I've spent the better part of my career evaluating the prospects of enterprise software and Internet technology companies. I've successfully learned to identify those with winning technologies, market opportunities and management teams. Bowstreet represents the most impressive combination of these elements that I've seen, and I'm delighted to complete the executive management team with my business development experience."
"Bowstreet has a tradition of attracting and securing the best and brightest in the industry, and we're batting two for two with these recent additions to our management team," said Bowstreet 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. Bob Crowley For the software, see .
For the computer specialist, see .
Bob Crowley (born in Cork, Ireland) is a theatre director, scenic and costume designer. He is the brother of director John Crowley. . "Lorna and Kristen bring a wealth of strategic business experience from a `who's who' of industry giants that include Netscape, PeopleSoft, Oracle and Intuit. Their contributions will help direct Bowstreet to the next level of revenue growth and worldwide influence."
Bender brings 17 years of extensive, strategic sales and marketing experience, most recently with Internet pioneer Netscape, e-business software provider PeopleSoft and Fortune 500 giant Hewlett-Packard (NYSE: HWP HWP Height (and) Weight Proportionate
HWP Half-Wave Plate
HWP Highway Patrol
HWP Height Weight Proportional
HWP Hewlett-Packard Corporation (stock symbol)
HWP Hydrolyzed Whey Peptides ). Bender was instrumental in leading and growing international sales for Netscape, achieving the fastest revenue growth in the company's history. The resulting distribution network of over 60 partners and 300 resellers generated 40% of Netscape's worldwide sales in its second year. Bender also contributed to PeopleSoft's rapid growth, developing key alliances with integrators and distributors worldwide.
Bender holds an MBA MBA
Master of Business Administration
Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration from the Haas Graduate School of Business, University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , and a BA from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). .
Brown brings an impressive track record of identifying, negotiating and closing strategic transactions, including partnerships, investments, and mergers and acquisitions, in both the enterprise software industry and Internet e-commerce industry. During her tenures with e-financial innovator Intuit and enterprise software leader Oracle, Brown closed more than 50 transactions ranging in price from $1 million to $600 million each, helping both companies significantly increase earnings. At Intuit, Brown helped transition the billion-dollar revenue generator from a purely desktop software company to a high-growth Internet leader through several multi-million-dollar mergers. While at Oracle, Brown led and managed Oracle's strategic transactions for third-party technology, including mergers and acquisitions, equity investments, joint ventures and technology licenses.
Brown holds an MBA from the Harvard Graduate School of Business Administration, and a BA from Brown University.
Bowstreet provides the XML infrastructure designed to transform the World Wide Web from a collection of static web sites into a fluid web of interconnected businesses called "business webs." These dynamic and highly customized B2B marketplaces enable companies to sell new products and services, create new channels of distribution and develop new business models at a fraction of the time and cost of today's approaches. Bowstreet's patent-pending product, the Bowstreet Business Web Factory, and a robust Internet community, the Bowstreet Business Web Exchange, are designed to enable companies to form instant B2B connections, create richer offerings for existing customers and enable line-of-business managers to take complete control of e-business without technical help. For more information, visit www.bowstreet.com or call 603-559-1900.
Bowstreet is a trademark of Bowstreet.com Inc. All other company names and products are trademarks or registered trademarks of their respective companies.