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Tim Curran Joins Vela Systems as Chief Executive Officer
Sep 17, 2007 (08:09 AM EDT)
SOMERVILLE, Mass., Sept. 17 /PRNewswire/ -- Vela Systems, a developer of mobile software that streamlines field administration for the AEC (Architecture-Engineering-Construction) industry, announced today that its board of directors has named Tim Curran as its CEO.
Curran most recently served as CEO of Eleven Technology, a leader in next generation handheld software applications for the consumer goods industry, which was acquired by Trimble Navigation Limited in 2006. During Curran's three-year tenure as CEO of Eleven, revenues grew 80 percent annually and its customer base grew eight-fold.
Prior to Eleven, Tim spent five years as the executive vice president of sales at I-many, Inc., an enterprise contract management software company. During Curran's tenure at I-many, the company grew from $6 million in sales to $60 million and held a successful IPO.
Curran was brought on board following the successful close of Vela Systems' $6 million series A round of funding led by Commonwealth Capital Ventures and GrandBanks Capital.
"I've been on Vela's board of directors for a year and a half and have been extremely impressed by the company's progress," Curran said. "Prior to their series A, Vela Systems had sold its mobile field administration software into more than 150 large construction projects, had established partnerships with major AEC software vendors including Primavera Systems and Meridian Systems, and had build a long list of strong customer references who can testify to the time and money they have saved using Vela. With this foundation already in place, the prospects for rapid expansion are outstanding."
"Tim knows how to build and grow small software companies into big success stories, as his career amply demonstrates," said Josh Kanner, co-founder of Vela Systems. "Vela Systems had already benefited greatly from his expertise as an angel investor and a board member. So as we looked for a CEO who could help us grow, Tim's background and his intimate familiarity with the company made him a perfect fit."
About Vela Systems
Vela Systems is The Leader in Field Software for the AEC Industry(TM). Vela Systems software streamlines and accelerates all field processes in construction and capital projects. By replacing their field notebooks with Vela software and Tablet PCs, Vela's customers save 4-8 hours per week per user, accelerate project delivery, and reduce project risk. Industry leading architects, engineers, contractors and owners agree that Vela Systems helps them Inspect Faster, Collaborate Easier, and Finish Sooner(TM). For more information, please visit www.velasystems.com .
For more information, contact: Victoria Salomon Jeff Miller Vela Systems, Inc. Davies Murphy Group (888) VELA SYS [835-2797] x315 781-791-3170 firstname.lastname@example.org
CONTACT: Victoria Salomon of Vela Systems, Inc., +1-888-835-2797, ext. email@example.com, ; or Jeff Miller of Davies Murphy Group,+1-781-791-3170,
Web site: http://www.velasystems.com/