Versata Promotes Veteran to VP of Sales; Rocco Quaglietti Brings Extensive Experience to Role.Business Editors/High-Tech Writers OAKLAND, Calif.--(BUSINESS WIRE)--Nov. 6, 2001 Versata Inc. (Nasdaq:VATA vata /va·ta/ (vah´tah) [Sanskrit] in ayurveda, one of the three doshas, condensed from the elements air and space. It is the principle of kinetic energy in the body, is concerned with the nervous system and with circulation, movement, ), a leading provider of software and services that automate the business logic and processes that power enterprise applications, is pleased to announce the promotion of Rocco Quaglietti to vice president sales, Americas. In his new role, Quaglietti will be responsible for sales in the Americas at Versata, including direct sales and integrated software vendor (ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. ) sales. He will report directly to Doug Roberts, 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. . In his prior role at Versata, Quaglietti was vice president, channel sales. Prior to joining Versata, Quaglietti was vice president of sales at Cloudscape cloud·scape n. 1. A work of art representing a view of clouds: an Impressionist painting that is a vast cloudscape of buoyant, floating forms. 2. , producer of a Java-based ORDBMS (Object Relational DBMS) See universal server. , and he has held sales management positions at Arbor Software, the market leader in On Line Analytical Processing (OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. ), as well as at INGRES, a pioneer in RDBMS (Relational DataBase Management System) See relational database and DBMS. RDBMS - relational database technology. He has over 16 years of sales experience. "Rocco is a proven sales leader in the enterprise software market in both direct and indirect models," said Doug Roberts, president and CEO. "Not only had he been successful before he joined us in 2000, but he has built Versata's strong ISV channel, which is important to our success. We are excited about Rocco now using his broad experience to drive our entire sales effort in the Americas." About Versata Versata business logic development and management software automates complex enterprise applications -- making J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. software development easier and less expensive. Versata-built applications are constructed from an organization's core business rules and run in J2EE application servers like 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) WebSphere and BEA WebLogic. With Versata, organizations can simplify J2EE development, instantly change and update applications, maximize IT resources and augment existing skill sets, and enhance collaboration between IT and business professionals. Versata Global 2000 customers include British Telecommunications, Federal Home Loan Bank, France Telecom, Hilton Hotels, ITT Fluid Technologies, J.P. Morgan Chase & Co., and Mexicana Airlines. For more information, please visit www.versata.com or call 800/984-7638. This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. A number of factors and uncertainties could cause results that differ materially from those projected from the forward looking statements, such factors include but are not limited to: the inability of our senior management team to work together effectively, inability to retain key personnel, market acceptance of Versata's products, ability to grow revenue, revenue recognition, ability to deploy the products, ability to diversify customers, the release of competitive products, economic conditions and other possible risks. More information on risks and uncertainties related to the Company and its business may be found in the Company's Annual Report on Form 10-K, quarterly reports and Prospectus filed with the United States Securities and Exchange Commission. Note to Editors: Versata and the Versata logo are trademarks of Versata, Inc. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. |
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