Camilion Solutions Appoints Ross Orrett as CEO; Acquisition of AbovePlan Expands Camilion's Product Lifecycle Management Offering.TORONTO -- Camilion Solutions, Inc., the leading provider of Product Lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. Management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ) solutions for the 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. industry, today announced the appointment of Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. Orrett as President & 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. . Mr. Orrett has been an independent member of Camilion's Board of Directors since February 2005. With the appointment, Camilion also acquired AbovePlan Corporation, a software company founded by Mr. Orrett that provides 'on demand' sales and marketing solutions for process-intensive industries like insurance and financial services. Prior to AbovePlan, Mr. Orrett was President & CEO at InSystems, a provider of document automation and relationship management solutions to the insurance and financial services industries. He was a major contributor to the growth of InSystems - from an entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. company with less than $1 million in revenues, to almost $40 million in revenues and over 300 customers - before its strategic acquisition by Standard Register in 2002. "I'm pleased to welcome Ross and the AbovePlan team to Camilion," said Ron Dizy, Chairman, Camilion Solutions. "Ross' experience building successful software companies will provide Camilion with the leadership and insight needed to continue to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the tremendous opportunities in the PLM for Financial Services market with exemplary products and services." "Camilion's Product Lifecycle Management solutions are attracting large insurance carriers who want to create differentiation and new market opportunities through product innovation and speed-to-market," stated Mr. Orrett. "AbovePlan's sales and marketing solutions complement Camilion's Product Innovator(TM) and we're all looking forward to working with the team here to extend Camilion's PLM offering for the financial services industry." About Camilion Solutions, Inc. Camilion Solutions, Inc. is the leading provider of Product Lifecycle Management solutions for the financial services industry. Its solutions enable companies to quickly and efficiently launch new products into target market segments and manage the increasing complexity and proliferation proliferation /pro·lif·er·a·tion/ (pro-lif?er-a´shun) the reproduction or multiplication of similar forms, especially of cells.prolif´erativeprolif´erous pro·lif·er·a·tion n. of product features across multiple channels, without having to replace existing legacy systems. Founded in 2000, Camilion Solutions, Inc. is a privately owned, venture capital funded corporation headquartered in Toronto, Canada. For more information about Camilion and its products and services visit us at www.camilion.com. Camilion is a trademark of Camilion Solutions Systems, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only. |
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