BEVERLY, Mass., May 15, 2007 (PRIME NEWSWIRE) -- Leading experts from the Architectural, Engineering, and Construction (AEC) technology sector announced today the formation of a new company, Envista Corporation. Envista CEO Rick Fiery, former Infrasoft CEO and Bentley Systems Vice President of Global Finance, has joined forces with founder and executive Vice President Marc Fagan, the former President and co-founder of Vanderweil Facility Advisors (VFA).
Building on core technology that Envista acquired from Barchan Associates, LLC, the company's software enables real-time planning and financial projections to cost-effectively manage road renewal and public works projects. Also joining the Envista management team are Martha Bednarz, Director of Marketing, and Tom Bergeron, Director of Sales. Both executives contribute 20-plus years experience in sales, marketing, and product development of technology products and expertise in the AEC industries. The company's global headquarters is located at 900 Cummings Center in Beverly, Mass.
Envista Corporation develops software for the strategic and financial management of built infrastructure assets. Envista enterprise-level solutions are designed for public and private utilities, government institutions, defense agencies, and corporations. Envista is partnering with industry headliners IBM and ESRI.
"Towns and cities across America are confronted with the burden of upgrading major public assets built at the turn of the century or after," states Rick Fiery, president and CEO of Envista Corporation. "In a recent Business Week article, it was reported by transportation officials that federal, state, and local governments need to spend an estimated $155.5 billion improving highways and bridges in 2007, which is up 50% over the past 10 years. Envista is developing strategic methodologies to effectively manage infrastructure assets and garner the greatest return on the taxpayer's dollar."
Envista Management Executives
Before co-founding Envista, CEO Rick Fiery was Vice President of Global Finance for Bentley Systems, Incorporated, an international software development and distribution company with revenues of $400 million and 2,400 employees. He managed the worldwide finance team and was responsible for global accounting policies, budgeting, audits, and financial reporting. Prior to his tenure with Bentley, Fiery was the founder and CEO of Infrasoft Corporation. He founded Infrasoft in 1994 by purchasing the distribution rights to the MOSS software package from Auto-trol Technology. In 1996, Infrasoft acquired MOSS Systems, Ltd., a multinational company based in the U.K. with 100-plus employees. Infrasoft grew to $14 million in revenues from more than 30 countries until it was sold to Bentley Systems in 2003. Fiery holds a BS and ME degree in Civil Engineering from the University of Virginia, as well as an MBA from the Wharton School of Business at the University of Pennsylvania.
Envista Executive Vice President and founder Marc Fagan is an industry leader in software and data modeling methods for asset management. As Co-founder and President of Vanderweil Facility Advisors (VFA), Fagan led the company though its first 10 years of rapid growth, building the most successful Capital Planning and Management (CPMS) services firm in the industry. Prior to founding Envista, he was Director of New Initiatives at Reed Elsevier (Reed Business Information), where he oversaw product planning and strategic alliances for the construction products division. He has 15 years of experience developing lifecycle analysis, cost estimating, bid management, and data interoperability products for the Architectural, Engineering, and Construction (AEC) industry. Fagan is a registered Architect and maintains an active role in the American Institute of Architects in the Advisory Group Committee for Facility Management, and serves as an Operations & Space Maintenance Subcommittee Member at the National Institute of Building Sciences.
Martha Bednarz, Envista Director of Marketing, has spent over two decades successfully marketing technology innovations. For 15 years, she was Principal of ONYX Communications, a marketing communications agency serving high technology clients such as Hewlett-Packard, Siemens, Lotus, and IBM. Joining Infrasoft as Marketing Communications Manager, she helped launch the first web-based collaborative engineering solution for this multinational software company. At Bentley Systems, Bednarz managed worldwide marketing communications as Corporate Marketing Manager for Bentley's Civil Engineering software business. Before joining Envista, Bednarz was the Corporate Programs Manager for the world-renowned Boston Symphony Orchestra.
Director of Sales Tom Bergeron is a 20-plus year veteran of the Computer-Aided Design (CAD) and the Architectural, Engineering, and Construction (AEC) industries. Bergeron was one of the original team members of Softdesk, a leading developer of AutoCAD products, and sold Softdesk products throughout the United States before being acquired by Autodesk, Inc. Bergeron continued with Autodesk as Project Manager for the original release of the AutoCAD Land Development Desktop. He served as Director of Sales for Infrasoft North America, then spent four years as a Senior Account Manager at Bentley Systems working with various North American Departments of Transportation and major architectural and engineering firms prior to joining Envista.
About Envista Corporation
Envista Corporation develops enterprise software for the strategic and financial management of built infrastructure assets. Envista solutions are designed for utilities, government institutions, defense agencies, and other companies that build, manage, or maintain infrastructure. Based on data models integrated with geospatial web environments, Envista technology enables public and private entities to better utilize resources, improve services, and address the critical needs of aging infrastructure. Formed in 2007, Envista Corporation's worldwide headquarters is located in the Boston suburb of Beverly, Mass. For more information, Envista can be reached at (978) 564-3045 or visit their web site at www.envistasoftware.com.
Link to Press Release - http://www.envistasoftware.com/page147.html