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CODA Names Adrian Ivanov VP of Sales, CODA 2go.

Leading Finance Application Developer Opens New Office to Meet Demand for CODA 2go Cloud Accounting Software

MANCHESTER, N.H. -- CODA, the finance software specialist, today announced the appointment of Adrian Ivanov as VP of Sales for CODA 2go, the first and only enterprise SaaS finance solution built on salesforce.com's Force.com platform. Previously VP of Business Development at Vontu, a leading security software company acquired by Symantec, Ivanov will work with recently hired sales executives Alex Turner and Christopher Zyla to develop new opportunities in North America for CODA 2go.

Ivanov and his team bring a wealth of knowledge from the enterprise financial software industry, and in addition to their strong track records in sales, will draw upon experience in alliances, channels and product marketing, which will be crucial as CODA looks to take CODA 2go into new sectors. Ivanov's previous experience includes holding the position of VP of North America Channels at Oracle, where his team significantly increased the penetration of Oracle's ERP applications into the mid-market. Prior to Oracle, he held a number of senior roles at PeopleSoft and has also sold and implemented accounting solutions for Great Plains value-added-reseller Montgomery Financial Services. Zyla and Turner have held director-level positions at leading enterprise software companies including Oracle, PeopleSoft and Workday.

In addition, CODA has established an office in San Mateo, California. This will enable CODA to offer a more local service to customers on the west coast of the United States and will serve as CODA 2go's principal office alongside the existing operations based in New Hampshire and the UK.

"These are exciting times for CODA 2go," Ivanov said. "As organizations of all sizes begin to recognize the benefits of cloud accounting, CODA 2go's competitive advantages stand out more clearly than ever. Only CODA 2go offers the secure, reliable, thoroughly tested infrastructure of the Force.com platform, and the expertise that comes from CODA's 30 years developing finance software. As part of Unit 4 Agresso, CODA also has the backing of a hugely successful global player in the business and financial software space. I'm delighted to work with the Unit 4 Agresso team and look forward to taking CODA 2go into new and exciting markets as we build on its success around the world."

CODA's latest announcements come as the company expands its presence in the US finance software market, most recently through alliances with Force.com application solutions experts Mavens Consulting and outsourced online accounting solution provider Corefino.

"Over the past few months, we've seen a sharp increase in the number of leads for CODA 2go," said Jeremy Roche, CEO, CODA. "Enlarging our sales team and opening a new office will help us explore those opportunities and expand the user community for CODA 2go. The salespeople will work with our partner community to ensure we deliver not only a first-class financial solution in the cloud but also first-class customer support and service."

About CODA

CODA was founded in 1979 and has around 500 employees working at 18 offices in 14 countries. It creates, markets and implements a comprehensive range of software systems designed specifically to meet the needs of financial directors and finance departments. These include financial management systems, analysis applications and business process management and control software to implement compliance solutions. Its service-oriented architecture also makes CODA software easy for clients and other vendors to integrate with their business applications.

CODA software is designed for multi-currency, multi-language, multi-country, multi-company and multi-site operations. It is used by around 2,600 medium and large organizations in more than 100 countries in a variety of markets and within both public and commercial sectors.

For more information please visit: http://www.coda-financials.com

About CODA 2go

CODA 2go is CODA's new SaaS accounting application designed to deliver high-functionality accounting on a subscription basis. It is the first international SaaS accounting system developed on salesforce.com's cloud computing platform, Force.com.

For more information, please visit: http://www.coda2go.com

About Unit 4 Agresso

Headquartered in Sliedrecht, the Netherlands Unit 4 Agresso was founded in 1980. Today, Unit 4 Agresso is the 4th largest ERP solution provider in the world (500- 4999 FTE), according to analyst IDC (2008). Its teams deliver business and financial software to a wide range of professional services and public sector organizations across the globe. The group has 3,500 staff in 14 European countries, 5 countries outside Europe and sales activities in other countries around the world. It is also publicly quoted on the NYSE Euronext Amsterdam (U4AGR).
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Publication:Business Wire
Date:Sep 8, 2009
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