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ARAVO APPOINTS MICHAEL SARACINI AS CHIEF OPERATING OFFICER
Senior Enterprise Software and SaaS Executive to Lead Aravo's Next Phase of Growth
SAN FRANCISCO, Calif., June 22, 2010 – Aravo, the leading provider of on-demand Supplier Information Management (SIM) software and services, today announced the appointment of Michael Saracini as Chief Operating Officer. In this capacity, Saracini will oversee the company's go-to-market strategy and execution, and will take ownership for the company's day-to-day operations. A twenty-year veteran in the enterprise software and information technology markets, Saracini brings extensive experience in sales, general management, and business development with high growth technology firms to Aravo's management team.
"We are extremely pleased to announce that Mike has joined the Aravo executive team as our new COO" said Tim Albinson, Aravo's CEO. "Mike is a creative and visionary leader who is both passionate and grounded. As we continue to lead in the rapidly evolving SIM market, Mike's deep operating experience will be instrumental in supporting our growth."
Most recently, Saracini served as Vice President, International at SumTotal Systems, a leading provider of talent development solutions. In this role, he was responsible for developing global markets outside of North America including Europe, Middle East, Africa, Asia Pacific, and Latin America. Prior to joining SumTotal, he was the Vice President and General Manager of RightNow Technologies, a provider of customer relationship management (CRM) software and services. At RightNow, Saracini was responsible for all field-based operations in the Americas. Earlier, he held senior leadership positions at Siebel Systems and Computer Associates.
"I am delighted to join the Aravo executive team," said Michael Saracini, Aravo's COO. "Aravo is a true SaaS pioneer and the clear leader in the growing SIM market. Many Fortune 500 enterprises have already standardized on Aravo for SIM and the market opportunity continues to expand. I look forward to contributing to the company's continued growth and future success."
About Aravo
The world's best-run businesses utilize Aravo's SaaS Supplier Information Management platform to reduce the cost of managing suppliers by up to 72% and to transform their supplier on-boarding, compliance, enablement, and risk management challenges into competitive advantage. General Electric, Goldman Sachs, Accenture, and Deutsche Bank rely on Aravo to manage information and processes for over 1.5 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, New York, and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and the Charles Schwab family. For more information regarding Aravo's award-winning solutions please visit http://www.aravo.com or view our blogs at http://www.2sustain.com and http://atrisk.net.
Public Relations Contact
Marlena Fernandez
Just Smart Communications
mfb@justsmartcommunications.com
303.408.3155
In a recent poll of Fortune 1000 executives, 71.4% of respondents expressed that their biggest concern is risk of supplier financial viability. However, despite these concerns, the majority of respondents have active risk management programs in place for less than 20% of their supplier base.
Source:
Aravo Supply Chain Risk Poll
January 2010
