Aravo Expands Executive Management Team
Addition of Ralph Bryant as CFO Brings World-Class Financial Experience to Industry-Leading
SLM Solution Vendor
SAN FRANCISCO, CA, June 7, 2012 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, today announced that Ralph Bryant has joined the executive management team as CFO. In his new role, Mr. Bryant will lead Aravo's finance, legal and human resource functions.
"I'm very pleased to announce the addition of Ralph Bryant to Aravo's executive management team," said Michael Saracini, CEO at Aravo. "I've had the distinct privilege of working with Ralph in the past, and am delighted and honored he's agreed to join the organization as Aravo's new CFO. I know he will make a significant and immediate impact to Aravo's rapid growth and continuing market leadership."
With over 20 years experience in the software industry, Mr. Bryant joins Aravo from RightNow Technologies where he served as Vice President of Finance. At RightNow, Mr. Bryant was a member of the executive team, guiding the company during a period of rapidly increasing growth and profitability where he was instrumental in increasing its valuation from $400 million to $1.5 billion. Mr. Bryant maintains a deep and practical understanding of how to leverage software-as-a-service operating models to support rapid growth. He has also served as Global Pricing Director for Sterling Commerce, and held leadership positions in Finance with Fujitsu Transaction Systems and Datapoint Corporation.
"I am excited about joining Aravo's experienced team of industry thought leaders," said Mr. Bryant. "With its best in class products and dominant market position, Aravo is clearly in a position to drive not only its own growth, but that of the SLM industry that it founded."
The world's best-run businesses utilize Aravo's Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others. For more information regarding Aravo's award-winning solutions please visit our website at http://www.aravo.com.
Public Relations Contact
Vice President, Sales and Marketing
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.
Aravo Supply Chain Risk Poll