Compiere Appoints Open Source Thought Leader to Its Board of Directors; Larry Augustin will help drive continued growth of leading open source ERP and CRM provider.PORTLAND, Ore. -- Compiere, Inc., the premier provider of open source business applications, today announced that Larry Augustin has joined its Board of Directors. The company offers cost-effective ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. solutions for small to medium-sized enterprises worldwide through its nearly 100 partners trained by Compiere to provide implementation, integration, customization and support services to users. The addition of Mr. Augustin will position Compiere for continued growth as the company focuses on building out a worldwide infrastructure to better support its partner network and hiring additional resources. Mr. Augustin is best known for founding VA Linux, now known as VA Software (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 :LNUX), and for helping to coin the term "Open Source". Under his leadership as chairman 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. , Mr. Augustin led VA Linux through the "largest first day gain ever" in an 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. . While at VA Linux, Mr. Augustin launched SourceForge.net, the largest open source development site on the Internet that marks more than 30 million unique visitors each month and hosts more than 120,000 registered open source projects. "It is personally satisfying to be associated with a best-of-breed open source company like Compiere," stated Augustin. "The company's leadership position in open source ERP affords customers the ability to substitute the entire traditional proprietary stack, infrastructure to business applications, with leading open source alternatives. I am delighted to have been invited to join the Compiere Board and I look forward to contributing to the company's continued success." In addition to remaining as VA Software's chairman, Mr. Augustin actively serves on the board of multiple successful open source companies that span the spectrum, from infrastructure leaders such as Hyperic, to enabling technology companies like Xensource, to application innovators such as SugarCRM. Mr. Augustin was also a director of JBoss until its recent acquisition by Red Hat (NASDAQ: RHAT RHAT Red Hat (stock symbol) RHAT Rainwater Harvesting Association of Tanzania RHAT Register Hba Attributes ). In addition, Mr. Augustin serves on the board of directors of non-profit industry organizations such as OSDL See Linux Foundation. (Open Source Development Lab) and LMI (Linux Mark Institute The Linux Mark Institute (LMI) is an organization which administers the "Linux" trademark on behalf of Linus Torvalds for computer software which includes the Linux kernel, computer hardware utilizing Linux-based software, and for services associated with the ) the licensing organization for the Linux trademark. Commenting on Mr. Augustin's appointment, Andre M. Boisvert, Compiere's chairman stated, "Larry is well recognized as one of the world's foremost experts on open source and as such we are honored to have him be part of our team. I am confident that his insight and high energy will serve the company well." Mr. Augustin holds Ph.D. and M.S. degrees in electrical engineering from Stanford University, as well as a degree in electrical engineering from the University of Notre Dame. About Compiere, Inc. Compiere, Inc. is the premier provider of open source business management software. The Compiere ERP & CRM solution is used worldwide by small to medium enterprises and large corporations across a variety of industries including retail, logistics and distribution. It is available for use on Linux, Microsoft Windows, Mac and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). platforms. Headquartered in Portland, Oregon, and founded in 1999, Compiere, Inc. offers commercial backing, support and services to its global network of nearly 100 partners. For more information, please go to www.compiere.org. |
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