CarParts Technologies Names Software Industry Veteran Steve Johnson Chief Financial Officer.Business Editors & Automotive Writers SAN JUAN CAPISTRANO San Juan Capistrano (săn wän kăpĭsträ`nō), city (1990 pop. 26,183), Orange co., S Calif.; inc. 1961. San Juan Capistrano has some manufactures, including aircraft parts, medical apparatus, and boats, but the economy is , Calif.--(BUSINESS WIRE)--Dec. 17, 2002 CarParts Technologies Inc. (CPT CPT See: Carriage Paid To ), the leading provider of open, e-commerce and business automation software solutions for the automotive aftermarket, today announced the appointment of Steve Johnson as chief financial officer. In his new position, Johnson will be responsible for overseeing all aspects of CarParts Technologies' financial reporting, internal controls, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and analysis, treasury management and investor relations Investor relations The process by which the corporation communicates with its investors. . "Steve's extensive software industry expertise will further strengthen CarParts Technologies' management team," said Dave McCann, 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. for CarParts Technologies. "Steve will be instrumental in helping leverage the recently closed funding round by ensuring the company maintains its growth and achieves its strategic goals." Johnson brings more than 15 years of senior management level experience to CarParts Technologies, primarily in the software industry. Previously, Johnson was CFO See Chief Financial Officer. at Continuus Software Inc., an Irvine, Calif.-based software company that provided collaborative design automation solutions to software developers in markets such as automotive, finance and telecommunications. While at Continuus, Johnson co-led an 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. ) on the Nasdaq and built up the finance, human resources, legal and IT divisions to support operations in seven countries. Johnson also assisted in the acquisition of two companies and ultimately co-led the sale of Continuus to Telelogic AB of Sweden. "This is an ideal time to join the CarParts Technologies team. CarParts Technologies has proven technology, a visionary management team and significant top line growth," said Johnson. "I'm looking forward to the opportunity to contribute to the continuing growth and evolution of the company's e-commerce software solutions for the automotive aftermarket." Johnson also served as CFO at Subscriber Computing Inc., in Irvine. During his tenure, he drove several rounds of financing, built out the finance, human resources and legal functions, and ultimately assisted in the sale of Subscriber Computing Inc. to Corsair corsair: see Barbary States; piracy. Communications Inc. of Palo Alto, Calif. About CarParts Technologies Inc. CarParts Technologies is the leading provider of extended supply chain software solutions for the automotive aftermarket. The CarParts Technologies e-commerce platform enables efficient online trade, integration and collaboration between 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 marketplaces, buyers, suppliers and commerce service providers. The solutions are used in more than 3,000 leading aftermarket outlets including tier 1 manufacturers, program groups, tire and service chains, warehouse distributors, jobbers and independent installers. CarParts Technologies' open, end-to-end solutions allow companies to generate new sales, operate more cost efficiently, accelerate inventory turns and maintain stronger relationships with suppliers and trading partners. Established in 1997, CarParts Technologies' complete suite of business solutions has delivered compelling returns on investment to customers across the entire aftermarket supply chain. With headquarters in San Juan Capistrano, CarParts Technologies has received venture capital funding from @Ventures, the affiliated venture capital arm of CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Rho Ventures, BEV Capital, Investor AB and St. Paul Venture Capital. |
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