BuildPoint Names Alec Neville Chief Financial Officer; Former SG Cowen Investment Banker Brings Extensive Experience to BuildPoint Corporation.Business Editors REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.,--(BUSINESS WIRE)--Aug. 9, 2000 BuildPoint Corporation, the leading e-commerce company for the construction industry, today announced that Alec Neville has joined its management team as chief financial officer. Neville, 44, comes to BuildPoint from SG Cowen, a full-service investment banking and securities firm, where he was a director of investment banking. Peter Daley, founder and previous CFO See Chief Financial Officer. for BuildPoint, will remain on BuildPoint's senior management team as executive vice president focusing on strategic analysis and planning. Neville, who brings more than 18 years of experience in corporate finance to BuildPoint, will drive the company's efforts to secure additional strategic alliances and partnership agreements as well as manage the company's finance needs. Most recently, Neville directed new business initiatives for SG Cowen, originating more than $2 billion of new business and managing a $10 million annual budget. Previously, at Citicorp, he managed client relationships including Tektronix, Mentor Graphics Mentor Graphics, Inc (NASDAQ: MENT) is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics, as of 2004, ranked third in the EDA industry it helped create. , and Microsoft, where he advised the software giant on international cash management account issues. Neville earned an M.S. in economics from Colorado School of Mines Colorado School of Mines, at Golden; state supported, coeducational; chartered 1874. It was one of the first mineral engineering schools in the United States. and a B.A. in geology from Skidmore College Skidmore College, at Saratoga Springs, N.Y.; chartered and opened 1911 as Skidmore School of Arts (for women) through a gift from Lucy Skidmore Scribner; chartered as a college 1922. In 1972 the school was opened to male students. . "Alec's proven experience with the financial and operational strategies of large companies is a great asset to our team," said James Piraino, 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 BuildPoint. "His strategic advice and insight will be invaluable in helping BuildPoint grow its position as the leading e-commerce marketplace for the construction industry." "BuildPoint stands out as a company delivering value to construction professionals by introducing the efficiencies of the Internet through a nationwide sales force with industry experience," said Alec. "I'm excited to be part of a company with such an excellent management team, strong venture backing, and a dynamic business model." About BuildPoint Corporation BuildPoint Corporation, the leading e-commerce company for the $3.2 trillion construction industry, provides a fast, reliable and secure marketplace where the industry's largest community of contractors and suppliers transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting business online and identify new business partners. BuildPoint.comSM features the industry's first live Product Marketplace that enables buyers and sellers to negotiate for and procure construction products and services online. BuildPoint also offers the Project Marketplace for online bid solicitation management, lead generation and directory services, as well as the Financial Marketplace, an online resource for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . More than 15,000 member companies transact business over BuildPoint.com, including more than 40 of the Engineering News Record's Top 400 General Contractors. Since November 1999, more than $20 billion in project volume has been transacted over BuildPoint.com. BuildPoint is venture backed by Chase Capital Partners, SAP Ventures, Techfund Capital, Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. , and Vortex Partners. The company is headquartered in Redwood City, Calif., with sales offices throughout the country. For more information on BuildPoint, visit www.buildpoint.com or send e-mail to info@buildpoint.com. NOTE TO EDITORS: Copies of previous BuildPoint press releases and additional corporate and product information are available on the Web site www.buildpoint.com. |
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