Cynthia Haynie Joins SolArc as Chief Technology Officer; Former Executive with Caminus, ROME Corp., Brings 20 Years of Industry Experience.HOUSTON -- SolArc, Inc., a leading provider of supply and trade management solutions for global energy companies, announced today that Cynthia Haynie has joined the company as its first chief technology officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ). As CTO, Haynie will be responsible for establishing the strategic long term goals and direction for SolArc's product solutions and directing the product development efforts in support of these goals. She has served in senior-level management positions with several companies, most recently with ROME Corp., a credit exposure software startup; and Caminus, a trade management software company acquired by SunGard in 2003. She has also played key management roles with other companies such as Altra Energy Technologies, Business Records Corporation, and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . "The role of the CTO in a technology company cannot be overemphasized -- this is the person who drives the company's product strategy, platform development and overall technology advancement," said Brad Anderson, 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 SolArc. "We are very pleased that Cynthia has agreed to fulfill this role at SolArc. Her experience and list of accomplishments as a visionary leader in successful energy technology companies is second to none. Her talent and drive will prove invaluable for our future growth and success as we face new challenges both here and in emerging markets overseas." Haynie earned her bachelor's degree in electrical engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from Texas A&M University, a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in information systems from Denver University, and a master's degree in technology management from Pepperdine University. About SolArc, Inc. SolArc, Inc., is a leading provider of supply and trade management solutions for global energy companies. The flagship product, SolArc RightAngle, integrates deal capture, scheduling, inventory management, pricing, accounting, credit management, position reporting and risk analysis in a single platform solution. SolArc's products work with existing information systems including corporate 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. , credit management and risk management systems to provide customers with a flexible solution that leverages their existing systems' infrastructure. SolArc's products improve cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses by providing accurate and timely settlement of deal transaction. Customers receive competitive advantages from reduced transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). and improved supply decisions based on accurate position reporting and inventory management. For more information on SolArc's products, contact SolArc at http://www.solarc.com. SolArc is a registered trademark of SolArc, Inc. Other names may be trademarks of their respective owners. |
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