MaXware Names Stale Svenning CEO and President; Veteran Financial Services, Telecommunications and Technology Executive to Lead Global Identity Management Firm.FREEHOLD, N.J. & TRONDHEIM, Norway -- MaXware AS, the global identity management specialist, announced it has named Stale Svenning as chief executive officer and president. Svenning brings to MaXware nearly 15 years of experience in executive management, technology consulting and business process reengineering See reengineering. in key markets, including financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , telecommunications, government and healthcare. Svenning succeeds former 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. Tore Wold in leading MaXware's strategic direction and business growth. "Stale is a proven business leader, one with the optimal combination of business vision and operational acumen needed at this stage of MaXware's evolution," said David Chartier, chairman of MaXware's Board of Directors. "His track record driving mid-stage companies to the next level of business success, complemented by his industry knowledge, makes him the ideal leader to take MaXware's helm." "Identity management will continue to grow in importance as more and more enterprises consider it to be a central component of their information technology strategy. MaXware's approach to helping customers manage and control identities is truly unique. We are laser-focused on simplifying the process with speedy deployment times and easy-to-use technology that is cost-effective," commented Stale Svenning, chief executive officer and president of MaXware. "The explosive trajectory of the identity management market offers tremendous business opportunities for MaXware. Our proven technology, highly experienced team and recent capital infusion Capital infusion Often refers to the cross-subsidization of divisions within a firm. When one division is not doing well, it might benefit from an infusion of new funds from the more successful divisions. afford us a strong position from which to launch our next stage of growth." Svenning joins MaXware from SpareBank 1 Midt-Norge, a member of the SpareBank 1 Alliance, one of the largest providers of financial products and services in Norway, where he most recently served as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . In his tenure at the bank, Svenning led core operations, drove strategic process, product and technology initiatives, and managed personnel and business development. He first joined the SpareBank 1 in early 2003 as vice president, before quickly advancing to COO in late 2003. Svenning honed his leadership and operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. skills through nearly 10 years in management and technology consulting with McKinsey & Company and Deloitte & Touche. As associate principal at McKinsey, Svenning was a core member of the Business Technology Office and eBusiness & eOperations practice leadership groups. He led multiple global engagements focusing on corporate, eBusiness and supply chain strategy, merger and acquisition strategy and post-merger integration for clients in technology, telecommunications and software industries. At Deloitte & Touche, Svenning was responsible for business process reengineering and systems design for clients in the manufacturing, banking, government and healthcare industries. Svenning earned a master of science in engineering Noun 1. Master of Science in Engineering - a master's degree in engineering master's degree - an academic degree higher than a bachelor's degree but lower than a doctor's degree cybernetics cybernetics [Gr.,=steersman], term coined by American mathematician Norbert Wiener to refer to the general analysis of control systems and communication systems in living organisms and machines. and computer science from the University of Trondheim's Norwegian School of Technology and a master of management from the Norwegian School of Management The Norwegian School of Management BI (Norwegian: Handelshøyskolen BI) is the largest business school in Norway and the second largest in all of Europe. BI has in total 13 campuses with the main one located in Oslo, Norway. , Executive School. In addition, he completed a technology strategy and management training program at the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, (MIT MIT - Massachusetts Institute of Technology ). About MaXware MaXware is the identity management solutions specialist helping organizations worldwide achieve simplified identity management and secured access to networks and applications. MaXware provides a comprehensive solution suite and a world-class professional services delivery team for companies to optimize, integrate and evolve their current identity management processes to improve performance and profitability. The company's IdM products are platform independent and flexible to meet the diverse needs of large, heterogeneous organizations looking to securely and efficiently access and manage identity information across globally distributed directories, databases and other data repositories. MaXware is headquartered in Trondheim, Norway, with subsidiaries in the United States and the United Kingdom. The company's more than 300 customers in 30 countries includes a cross-section of the world's largest telecom, defense, government and financial organizations. More information is available at www.maxware.com. |
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