CaritaSoft Appoints Richard Sorenson to its Board of Directors; Customer Value Management Software Company Adds Board Member in Preparation for Growth in Broadband Industry.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Oct. 11, 2000 CaritaSoft Inc. a customer value management (CVM) solutions provider to subscriber-based companies in the cable and telephony Meaning "sound over distance," it refers to electronically transmitting the human voice. In the beginning, telephony dealt only with analog signals in the circuit-switched networks of the telephone companies. industries, today announced the appointment of Richard H. Sorenson to its board of directors. Sorenson has 19 years of management experience in the high-technology industry and will leverage his expertise to guide CaritaSoft through its next phase of growth in the broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). industry. "We are entering a new era of opportunity in customer value management, and it is increasingly important to strengthen our offering to subscriber-based companies and anticipate customer needs," said Michael D'Eath, president and chief executive officer of CaritaSoft. "Richard Sorenson joins a dynamic board that will be integral to our growth in the broadband industry. Richard's experience in running and financing an aggressive broadband provider will be most valuable to the company." Sorenson is the chairman and former chief executive officer of PointOne Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. Inc., a leading provider of next-generation communication services and infrastructure, which he co-founded in 1998. Sorenson raised $55 million in second-round funding from Soros Private Equity, J. & W. Seligman, KKR KKR Korringa-Kohn-Rostoker (method) KKR Kohlberg, Kravis & Roberts & Co. KKR Kalkara (postal locality, Malta) KKR Kramers-Kronig Relations KKR Komarappa Gounder Ramalingam (hospital in India) and Texas Growth Fund, which was the second largest private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. in the history of Austin at that time. Prior to founding PointOne, Sorenson held several executive-level positions within Sulzer Brothers Ltd./Intermedics Inc., a publicly traded developer of implantable medical devices. While with this company, Sorenson played a key role in the sale of Intermedics to Sulzer Brothers Ltd. of Switzerland in a transaction valued at $800 million. CaritaSoft Inc. (www.caritasoft.com) CaritaSoft is a provider of customer value management solutions to the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , including video, data and voice. Its solutions enable these subscriber-based businesses to compete aggressively, meet rising customer expectations, sell new products, aggregate their customer/prospect information and increase revenue and gross margin. CaritaSoft is based in Austin, Texas, with research & development in the San Francisco Bay area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay . |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion