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Optiant Recruits Respected Industry Veteran, Fred Lizza, as CEO
May 15, 2008 (10:05 AM EDT)
BOSTON, May 15 /PRNewswire/ -- Optiant, the premier provider of inventory planning and optimization solutions, announces that industry veteran, Frederick J. Lizza, has been named as Optiant's new Chief Executive Officer. Fred Lizza brings valuable strategic insights and execution leadership to continue to drive Optiant's positive momentum toward increased market share, industry leadership, and profitability. Fred is a 25 year veteran in the software and technology industry where he has succeeded in raising venture capital, leading public offerings, driving growth through internal development and acquisition, building and managing strategic alliances, and developing high performance management teams.
"To have a leader and visionary of Fred Lizza's caliber join Optiant is a testament to the strength behind the company's approach to solving inventory and supply chain issues for the world's leading businesses," said Dave Anderson, interim CEO and member of the Board of Directors of Optiant. "His track record in growing companies to achieve market leadership, combined with his ability to implement innovative business strategies, makes him an ideal leader for Optiant."
"I am very excited to join Optiant at a time when companies are looking for ways to become more profitable and manage their working capital more closely," said Fred Lizza, CEO of Optiant. "Optiant's products and domain expertise are key tools helping the world's leading manufacturers optimize their inventories -- even across complex, global supply chains. We are well positioned to help clients deliver greater profitability and gain competitive advantage, as shown by our industry-leading customers."
Previously, Mr. Lizza was president and CEO of Avotus Corporation, a software-based telecom expense management provider. Under his leadership, Avotus became a SAAS-based managed service provider and one of the top market leaders in its space. Prior to Avotus, he was president and CEO of Idiom Technologies, Inc., a leading provider of enterprise web globalization software and services to the Global 2000 and e-commerce enterprises.
Prior to joining Idiom, Fred was president and CEO of Infinium (formerly Software 2000), a publicly-held ERP software company that was named as one of Business Week's "Top 100 Hot Companies." At Infinium, he was successful in increasing revenues by 250%, leading the company's IPO and secondary public offerings, building a profitable consulting business, and expanding the business globally.
Fred holds an MBA in Marketing from and Bachelor of Science from .
Optiant, a premier provider of supply chain inventory optimization, network design and business intelligence solutions, helps Global 2000 companies optimize bottom-line performance through the creation of the world's most responsive and resilient supply chains.
Optiant's solutions optimally balance resources, total costs, and customer service across the supply chain to deliver greater profitability, increased customer satisfaction, more efficient use of capital, and a resilient supply chain that fully handles uncertainty in supply and demand. Optiant has optimized supply chains for the world's leading manufacturers including Black & Decker, Henkel, Hershey Foods, HP, IKEA, Imation, Intel, Microsoft, Nestle, P&G, and Sonoco.
Delivering millions of dollars in returns, Optiant's industry-focused solution, certified for integration by SAP, generates quantifiable business results within 90 days of implementation. Optiant's solutions are based on award-winning research from http://www.optiant.com and decades of experience dedicated to the identification and realization of supply chain efficiencies. For more information, please visit .
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CONTACT: Pauline McCormack of Optiant, +1-781-238-4167, email@example.com; or Jim Caruso of MediaFirst PR - Atlanta forOptiant, +1-404-788-0188,
Web site: http://www.optiant.com/