Factory Logic Expands Board of Directors Appointing Executive from Siemens Venture Capital; Siemens Venture Capital Leads Latest Funding Round.AUSTIN, Texas -- Factory Logic, the leading provider of Lean solutions that meet the needs of the Customer Demand-Driven Factory, today announced the appointment of a new member to the Factory Logic board of directors. Joining the board is Todd Jaquez-Fissori, Investment Partner at Siemens Venture Capital (SVC (1) (Switched Virtual Circuit) A network connection that is established at the time the transmission is required and disconnected when the session is completed. ). This expansion brings the board to four members and positions Factory Logic for its next stage of growth.In addition, Factory Logic announced that Siemens Venture Capital led its recent $8 million funding series, which also included SAP Ventures and Adams Capital Management, a previous investor. "We are honored to have Todd join our board," said Allan Wilson For other persons of the same name, see Alan Wilson (disambiguation). Allan Wilson (1934–1991) was a pioneer in the use of molecular approaches to understand evolutionary change and reconstruct phylogenies. , 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 Factory Logic. "Todd's expertise across a range of technologies, business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , and the automotive sector will be important as we take the company to the next level. His experience is an exceptional complement to our management team." Factory Logic's platform-independent, real-time demand leveling Demand leveling is the deliberate influencing of demand itself or the demand processes to deliver a more predictable pattern of customer demand. Some of this influencing is by manipulating the product offering, some by influencing the ordering process and some by revealing the and supply synchronization engine provides a level of configurability and usability necessary to automate, accelerate and sustain large-scale, enterprise Lean process deployments. Specifically, Factory Logic's Lean Operations Suite provides real-time planning and scheduling at the plant floor level, scheduling pacemaker operations and controlling pull signals for the rest of the factory and suppliers. With Factory Logic, manufacturers respond in real-time to changes in demand, production, and inventory levels and ensure that all production and supply resources remain synchronized with their customers' demand. "Factory Logic's solutions in Lean production are delivering manufacturing customers with new levels of production efficiencies and customer responsiveness. As more and more global manufacturers begin to adopt Lean manufacturing Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product. , Factory Logic's solutions will continue to set the standard. I look forward to collaborating with Factory Logic's management team and helping them build a world-class company," stated Todd Jaquez-Fissori of Siemens Venture Capital. Based in Siemens Venture Capital's Silicon Valley office, Todd Jaquez-Fissori works extensively with early and mid-stage companies that are building solutions in information technology, automation, automotive, and power related technologies. He also serves on the board of Newmerix, Kiyon, and Centerboard cen·ter·board n. A movable keel in a sailboat that can be pivoted upward to reduce the boat's draft in shallow water. Noun 1. and as an observer to Netcontinuum and Zonare. Prior to joining SVC, Jaquez-Fissori was with Boulder Ventures in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , focusing on early stage software deals, where he was a board member of TeraCloud and observed on the boards of Bitblitz, Finali, Critical Arc, and Xifin. Jaquez-Fissori brings over 12 years of venture, entrepreneurial, and consulting experience, having also worked with eCOM Partners, a Connecticut-based seed/early stage technology venture fund and Mayfield Fund Mayfield Fund is a venture capital firm located on Sand Hill Road in Menlo Park, California, home to many of Silicon Valley's leading venture capital firms. Mayfield was founded in 1969 by Tommy Davis, one of the first venture capitalists. in Menlo Park, CA. He holds a Master's Degree in Business Administration from The Wharton School at the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. and received a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in Business from Penn State University. About Factory Logic Factory Logic is the leading provider of Lean solutions to meet the needs of the Customer Demand-Driven Factory. With Factory Logic, manufacturers are able to automate the pace of production, accelerate Lean deployments and associated benefits, and sustain continuous improvement and standardized best business practices across the entire enterprise. Factory Logic's platform-independent, real-time demand leveling and supply synchronization engine allows companies to extend their investments in ERP/MRP to the plant floor and transform the extended enterprise into a real-time demand driven supply network. Factory Logics is based in Austin, Texas. For more information, please visit Factory Logic at www.FactoryLogic.com. About Siemens Venture Capital Siemens Venture Capital (SVC) is the $600 million corporate venture organization for Siemens AG, (NYSE NYSE See: New York Stock Exchange :SI) one of the largest global electronics and engineering companies with reported worldwide sales of $91.5 billion in fiscal 2004. The goal of SVC is to identify and fund investments in emerging and innovative technologies that will enhance the core business scope of Siemens, particularly in Information and Communications, Automation and Control, Medical Solutions, Automotive Technology and Transportation Systems, Power, and Lighting. With offices in Munich, San Jose (CA), Boston (MA) and through Siemens Israel, Ltd. in Herzliya near Tel Aviv, SVC has invested in more than 100 start-up companies and 30 venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: , and plays a key role in the global network of innovation. SVC is part of a greater network at Siemens whose mission is to drive technological innovation by supporting start-up companies. In addition to Siemens Venture Capital, also Siemens Acceleration in Communications, Siemens Technology Accelerator, and Siemens Technology-To-Business Center contribute to the innovation strategy of Siemens. Their individual mandates are defined according to financing stages and industry focus. More: www.siemensventurecapital.com |
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