ParentWatch Expands Executive Team.Business Editors and High Tech Writers NEW YORK--(BUSINESS WIRE)--Aug. 1, 2000 ParentWatch, the industry leader in Internet viewing and online child care services, today announced the appointment of Raymond E. Newton as COO, Samuel Shaffer as Vice President of Marketing, and Monis Rahman as Vice President of Technology. The new executives will provide ParentWatch with leadership, expertise and strategic vision as it aggressively expands its business and taps the $35 billion child care market. "ParentWatch is experiencing phenomenal growth both internally and externally," said Adam Aronson, 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. of ParentWatch. "By appointing Sam, Ray, and Monis, we can ensure that we maintain market leadership, provide the child care industry with the services they require, and improve both our internal and external operations. We are all extremely excited to have these new executives on our team." Last month, ParentWatch announced that it has raised more than $20 million in funding to date. The company also recently acquired eDaycare.com Inc., a leading application service provider (ASP) for the child care industry. ParentWatch has more than 100 employees with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Silicon Valley. Ray Newton, COO Newton, who has more than 17 years of senior management experience in the technology and consumer markets, is responsible for providing strategic corporate vision and overseeing all of ParentWatch's internal and external 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 . Prior to joining ParentWatch, Newton was Vice President, Manufacturing for AMSCAN AMSCAN American Scandinavian Foundation Holdings Inc. (a Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Company) where he had P & L and leadership responsibility for all domestic manufacture for a $300 million private party goods company across seven plants in the U.S. and Mexico. Additionally, he led the company's supply chain strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. with joint responsibility for $40 million of purchased items. Before joining AMSCAN, he was Vice President, Operations for the Dixie Division of Fort James Corporation, responsible for all planning, logistics, business development, strategic planning and category team product supply support for a $900 million business. Prior to that, Newton was Director of Product Supply, Dixie Tabletop Category. He holds 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 in industrial engineering from the University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. . Sam Shaffer, Vice President of Marketing Shaffer brings more than a decade of marketing experience to ParentWatch and has been charged with overseeing all marketing initiatives and working with the business development team in creating and implementing new strategies. Shaffer developed his marketing expertise at corporations such as Bain & Company, JP Morgan and Coach Leatherware. In his most recent position as Marketing Director for Knoll Inc., he was responsible for the profitability of a $200 million product line and spearheading its marketing strategies. Additionally, Shaffer contributed to the expansion of Knoll's brand awareness by developing their innovative Web site content. Before joining Knoll, Shaffer worked for Black and Decker as a product manager where he supervised all worldwide promotions and new product development for one of their multimillion dollar business divisions. Prior to that, Shaffer was an assistant product manager at Coach Leatherware. He holds an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. and a Bachelor of Arts from Yale University Yale University, at New Haven, Conn.; coeducational. Chartered as a collegiate school for men in 1701 largely as a result of the efforts of James Pierpont, it opened at Killingworth (now Clinton) in 1702, moved (1707) to Saybrook (now Old Saybrook), and in 1716 was . Monis Rahman, Vice President of Technology Rahman, who has more than 10 years of experience in Internet technology and the child care industry, is responsible for the development of ParentWatch's online services and features and managing its technology team on the West Coast. Prior to joining ParentWatch, he was Co-founder and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of eDaycare.com Inc, a leading ASP for the child care industry that was acquired by ParentWatch in July 2000. Before founding eDaycare, Rahman was CEO of Crestech Corporation, a technology consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . He previously held management positions at various Silicon Valley companies including Intel Corporation and holds several patents for his innovative work. Rahman has a bachelor of science in Computer Engineering from the University of Wisconsin - Madison, and completed graduate coursework at Stanford University About ParentWatch ParentWatch (www.parentwatch.com) provides the most comprehensive Internet solution for the $35 billion child care industry. The company keeps families connected by allowing parents to view live video images of their children in child care centers and access center-specific information such as schedules, lunch menus and more through its Community Site. ParentWatch offers child care programs the services they need to grow their businesses, operate more efficiently and communicate better with parents and children. Chairman and CEO Adam Aronson founded ParentWatch in 1998 to enable parents to take a greater role in their children's care and schooling. ParentWatch is headquartered in New York, with offices in Silicon Valley. |
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