mValent Names Jim Riley as Vice President of Sales
Former IBM/Rational Executive Brings Extensive Industry Experience to Senior Management Team of Growing IT Automation Software Firm
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As vice president of marketing and customer care for Canon Computer Systems, Inc., Bergman spearheaded the development and implementation of Canon's U.S. printer and computer peripherals business strategy and marketing plan, resulting in sales growth from zero to $1 billion in four years. Prior to joining Canon in 1992, he was director of product management for Epson America, Inc., where he was responsible for marketing and product planning. Bergman was also vice president, consumer marketing for Print Technology Inc., and served as a product manager at Atari, Inc.
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BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 3, 2004--mValent, Inc., the pioneering provider of configuration, change and release management software for Web-based enterprise applications, today announced the appointment of Jim Riley to head up the company's growing sales organization. With more than 20 years of progressive accomplishments in the enterprise software market, Riley brings a strong track record of sales management, channel development and technical operations to the mValent team. Most recently, Riley led IBM's Commercial Software Sales Group for the mid-Atlantic region, joining the company in 2003 through IBM's acquisition of Rational Software, where he held a number of senior sales positions and helped grow the application development tools company to over $650 million in annual revenues.
Previously, Jim was executive vice president of operations for NBD Bancorp, where he managed the redevelopment of core banking systems.
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Already in use by some world's top financial services, e-services, health care, life sciences, aerospace and defense organizations, mValent's Infrastructure Automation Suite satisfies intense market demand for an enterprise-class solution that automates the management of the many disparate and interdependent configuration definitions underlying complex application server platforms, such as IBM WebSphere and BEA WebLogic. Prior to mValent, IT departments managed application configurations manually - a difficult, error-prone and labor-intensive process that can lead to significant configuration-related application downtime.
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President, Future Home "When I started working at Cisco, I bought a brand new Rolodex that could hold 250 business cards. This is truly one of the few indispensable products in my office…years of business cards are now organized and the clutter is all gone." Jim Melton Vice President, Sales and Marketing, ACCEL Technologies, Inc " conversion process whereby the correct data is placed in the appropriate field of the form is absolutely flabbergasting."
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"It was important at this stage of our company's growth that we identify a sales executive with the unique combination of market experience, operational skill and industry presence to help us achieve the next stages of our growth," said Swapnil Shah, president and CEO of mValent. "Jim's outstanding track record for planning and executing results-oriented business initiatives complements the strengths of our management team, and will help us ensure continued top-line revenue growth, particularly as we expand into new markets and geographies this year."
"This is an example of how innovative technology can enable a significant business transformation providing real value to a client. IBM recognized the potential value of RFID early on and moved aggressively to support its clients in software, by investing in research and development, and with services, in building unique professional capabilities and skills, " said Augusto De Castro, Vice President Industrial Sector, IBM Italy. "An effective working relationship with honda was crucial to identify the process needs and envision true business benefits, having access to IBM competence centres to design the solution."
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Before joining the IBM management team via the acquisition of Rational Software, Riley served as Rational's Eastern Region Vice President, responsible for managing a team of sales and technical personnel overseeing large commercial and government accounts. Prior to this, he held sales positions with Atria Software, and subsequently Pure-Atria, which previously merged with Rational. Early in his career, Riley held various sales positions with Sun Microsystems, Oracle Corporation and Data General. He has a business management degree from The College of William and Mary.
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About mValent, Inc.
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mValent, Inc. delivers Application Infrastructure Configuration Management, a software solution that automates the building and maintenance of complex infrastructure configurations for Web-based enterprise applications throughout their entire lifecycle from development to production, across distributed and off-shore locations. The mValent Infrastructure Automation Suite enables IT organizations to increase efficiency by reducing configuration-related down-time and speeding applications to production. mValent is located in Burlington, Massachusetts, and has sales offices across North America. The privately held company is backed by top-tier venture capital firms, including Charles River Ventures, IDG Ventures and Polaris Venture Partners. For more information, visit mValent at www.mvalent.com.
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Contacts
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Lisa Clark, 781-274-6061 x216
mvalent@sparksource.com
