170 Systems Announces New Member of Executive Team and Expanded European Operations
Company Adds Tony Scotto, Product Development Veteran, to Executive Team and Opens New Office in France to Better Serve European Market
Bedford, MA - September 19, 2006 - 170 Systems, the leader in optimizing financial processes for the world's leading organizations, today announced that Tony Scotto has joined the company as Vice President of Product Development, and that it is expanding operations in Continental Europe.
Scotto will lead the product development strategy and delivery for the company, supervising the engineering and quality assurance organizations.
"Tony brings a stellar track record of building high-performing product development organizations and promises to further enhance 170 Systems' ability to its deliver award-winning products," said Dave Ellenberger, President and CEO of 170 Systems. "Tony's unique, highly focused combination of skills and insights into the product-creation process promise to be a valuable addition to the company and to the executive team."
Prior to joining 170 Systems, Scotto was the Vice President of Development for the Merchandise, Planning and Optimization products in the Oracle Retail Business Unit, which he joined when ProfitLogic was acquired by Oracle in 2005. Previously, he was the Senior Vice President of Product Development at StorageNetworks Inc., which he joined from Idiom, Inc., where he was Vice President of Product Development. Earlier in his career, he served as Vice President of Product Development for technology firms, including Media 100 Inc., EMC Corporation and
GenRad, Inc. He holds a B.S. in Computer Science from the University of Connecticut and is a graduate of Northeastern University's Executive Management Program.
Expanded European Operations
170 Systems also announced that it has opened new offices in Paris, France, managed by François Chiche, 170 Systems' new Director of Sales for Continental Europe.
"The expansion of our European business, led by François, is a critical component of our worldwide growth strategy and will enable us to expand the reach of our proven solutions" said Pete Tyrrell, 170 Systems' Vice President of Sales. "With the availability of the 170 MarkView Financial Suite for mySAP ERP and the addition of key resources in this region, we are significantly increasing our ability to serve this important client base. François brings a strong history of success in European operations and promises to be a significant contributor to our growth and effectiveness."
With 20 years' experience managing partners in the US and international markets, Chiche brings an in-depth knowledge of international sales and business development. Prior to joining 170 Systems, Chiche was with Adobe Systems as Southern Europe Director of Solution Sales and, previously, as Country Manager. Formerly, Chiche worked for IBM France as Director, Data Management West Region (France and Benelux), which he joined when Informix Software France, was acquired. He also worked for Ardent Software as Director of Worldwide Business Development prior to their acquisition by Informix. He holds an MBA from l'École Des Cadres du Commerce et des Affaires Économiques de Paris.
About 170 Systems
170 Systems is the proven leader in software solutions that manage and optimize financial processes for the world's largest companies. With over 40 percent of its customers in the Global 2000, 170 Systems' software embeds best practices in the end-to-end automation of financial processes, including Accounts Payable, Expense Management, Procurement, Accounts Receivable, Asset Management, General Ledger and Project Re-Billing. The result is an unmatched solution that ensures cost-effective and timely management of all transactions via a consistent process so that finance organizations can reduce operating costs, strengthen internal controls, improve service levels and maximize cash flow. 170 MarkView, the company's flagship product suite, is tightly integrated with leading ERP systems and is operational in more than 40 countries worldwide.
For more information about 170 Systems, please call 781.743.1900 (North America), +44 0208 610 6009 (other regions) or visit http://www.170systems.com.
Trademarks
170 Systems and 170 MarkView are trademarks of 170 Systems, Inc.
All other trademarks are the property of their respective owners.
