Broadbase Software Unveils Powerful New Executive Management Team; Integration of Recent Acquisitions Results in Most Experienced Leadership Team in the eCRM Industry.Business/Technology Editors MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--Dec. 27, 2000 Broadbase Software, 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 :BBSW BBSW Bank Bill Swap Reference Rate (Australian financial market) ), the leading provider of intelligent customer interaction software, today announced its new seasoned, executive management team. With more than a century of combined technology experience, the 9-member executive team will further heighten Broadbase's leadership position in the eCRM marketplace. "Broadbase is becoming the vendor of choice for eCRM solutions, and we want to continue to shape the way e-businesses communicate and interface with their customers," said Chuck Bay, 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 Broadbase Software. "The new executive team will help revolutionize the way businesses develop loyal and profitable customer relationships by providing a wealth of experience, leadership and strategy to the company." The two newest members of the executive team are Massood Zarrabian, the former president and CEO of Servicesoft, and Gordon Rapkin, the former president and CEO of Decisionism. Zarrabian takes on the title of president of eService division and is also a member of the board of directors. Zarrabian brings with him a 27-year track record in R&D, marketing, operations and software services. Gordon Rapkin will serve as executive vice president of business-to-business markets for Broadbase and brings more than 20 years of software management experience to Broadbase. The Broadbase executive management team in its entirety includes: Chuck Bay, Chief Executive Officer: Bringing over 15 years of extensive financial and operational expertise to Broadbase, Bay is a technology veteran, playing critical roles in organizations such as Pure Atria Atria The heart has four chambers. The right and left atria are at the top of the heart and receive returning blood from the veins. The right and left ventricles are at the bottom of the heart and act as the body's main pumps. , which included a successful initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ), Spatial Technology and NeXT. Massood Zarrabian, President, eService Division: Zarrabian brings a 27-year track record in R&D, marketing, operations and software services and most recently served as president and CEO of Servicesoft, where he guided the company through rapid growth in the emerging Internet Customer Service market. Zarrabian has also been instrumental in transforming other technology companies such as Lewtan Technologies and Cayenne Software (company) Cayenne Software - The company formed when CADRE merged with Bachman Information Systems in July 1996. http://cayennesoft.com/. . Thomas Doyle, 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. : With over 24 years of industry experience, Doyle has held key management roles at companies such as Reasoning and Tandem. Rusty Thomas, Executive Vice President and CFO See Chief Financial Officer. : Thomas has spent more than 15 years addressing financial and operational issues at mainstay companies such as Rubbermaid and KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , where he most recently served as KPMG's industry leader for electronics and software segments. David Milam, Executive Vice President, Marketing: Milam has 20 years of experience in the technology industry with an accomplished record in building high impact corporate, product, and channel marketing organizations in both the US and International markets. Before joining Broadbase, Milam served in general management and executive marketing positions at Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Structural Dynamics Research, Cimlinc Corporation, and Sperry Corporation. Brian Kelly, Executive Vice President, Product Strategy: Kelly encompasses over 10 years of technology experience at companies such as PeopleSoft, Intrepid, Kelly Information Systems and Teradata. Chris Maeda, Executive Vice President, Product Strategy: Maeda has been instrumental in the development of software and technology for over 10 years at companies such as Rubric RUBRIC, civil law. The title or inscription of any law or statute, because the copyists formerly drew and painted the title of laws and statutes rubro colore, in red letters. Ayl. Pand. B. 1, t. 8; Diet. do Juris. h.t. and Xerox Parc. Gordon Rapkin, Executive Vice President, Business-to-Business Market: Rapkin's background encapsulates more than 20 years of software management experience, most recently serving as president and CEO of Decisionism. Before joining Decisionism, he was Vice President of the $120- million Enterprise Business Group at Hyperion Software, Inc. and prior to that, Rapkin founded Advanced Management Strategies, an early pioneer in the personal computer software industry. Fabio Angelillis, Executive Vice President, Engineering: For the past 16 years, Angelillis was responsible for designing and engineering software at several high technology companies, including Cadence Design Systems, Teradyne and Hewlett-Packard. About Broadbase Broadbase Software is the leading provider of customer-focused analytic, marketing automation and e-service software applications that analyze customer data from multiple touch points, and use that information to execute marketing campaigns, improve online merchandising and content, increase site stickiness and personalize all customer interactions. Broadbase applications are designed for rapid time to value and have been implemented in as few as fifteen days. Broadbase has provided critical e-commerce infrastructure to more than 450 customers, including ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , BEA Systems, Cisco Systems, Eddie Bauer, Fidelity Investments, Hewlett Packard, InsWeb, Kodak, LoanCity.com, Mercata.com, Onvia.com, United Airlines and Verizon. Headquartered in Menlo Park, CA, Broadbase has a rapidly growing global presence with locations throughout North America, Europe and Asia. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Information in this release that involves Broadbase's expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risk and uncertainties. All forward-looking statements included in this release are based upon information available to Broadbase as of the date of this release, and Broadbase assumes no obligation to update any such forward-looking statement. These statements are not guarantees of future performance and actual results could differ materially from Broadbase's current expectations. Factors which could cause or contribute to such differences include, but are not limited to, lack of market acceptance of the combined company's products or services; inability to integrate existing products and services within budget and on schedule, and develop new integrated products and services on a timely basis; inability by Broadbase or Servicesoft to successfully cross-sell their products and services to each other's customers; introduction of new products or services by competitors; and inability to attract and retain qualified employees. These and other factors and risks associated with Broadbase's business are discussed in Broadbase's recent filings with the Securities and Exchange Commission ("SEC"), including its quarterly report on Form 10-Q Form 10-Q See 10-Q. filed on November 13, 2000. Broadbase is a trademark of Broadbase Software, Inc. All other product and company names may be trademarks of their respective companies. |
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