Pavilion Technologies Inc. Takes Real-Time Enterprise Optimization to the High Seas - as seen on CNN Headline News.Business Editors and High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--Dec. 9, 2002 Pavilion Technologies Inc. appeared on CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. Headline News. To view an electronic file of the story that aired on December 6, go to: http://www.pavtech.com/pavilion/value/news/articles/ceo_cnn.html In the lengthy CNN interview, Pavilion President 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. Pete Perialas describes how the company's technology is helping Team New Zealand Team New Zealand (TNZ) is an America's Cup sailing team which is based in Auckland and represents New Zealand. The team officially represents the Royal New Zealand Yacht Squadron, and they have become a household name in their home country following their consecutive wins in the defend its America's Cup championship. The team is using Pavilion's modeling and optimization software to predict the impact weather changes have on sailing conditions in the Hauraki Gulf, an area known for its difficult sailing environment. Pavilion's software will monitor and predict wind changes in real time -- helping Team NZ sail to victory in next year's race. The same software that Team New Zealand is using in its America's Cup defense is used to help Pavilion's industrial customers, including Nestle, Fonterra Co-operative Group Limited and BP, to optimize their enterprise profitability. About Pavilion (www.pavtech.com) More than 350 top companies worldwide rely on Pavilion performance optimization software and services to create millions of dollars in value every day. Pavilion's model-based technology allows decision-makers throughout the enterprise to tie action to strategy, creating a more prosperous company with every decision. Pavilion's vision is based on an approach to business called REO reo Noun NZ a language [Maori] (tm) -- Real-time Enterprise Optimization -- the idea that an enterprise can continually optimize its performance by sensing and responding to business dynamics. Established in 1991 and headquartered in Austin, Texas, Pavilion Technologies Inc. is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with offices in the U.S., Belgium, Japan, Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . |
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