Contact Information: Media Contacts: Eastwick Communications (650) 480-4040 acresso@eastwick.com
Acresso Strengthens Management Team to Support Growth
Software Licensing and Management Pioneer Names New Leadership for Finance and Marketing, Promotes Veteran to Key Leadership Position in EMEA
| Source: Acresso Software
SCHAUMBURG, IL and SANTA CLARA, CA--(Marketwire - October 22, 2008) - Acresso Software, a privately-held
company of Thoma Bravo, today
announced three key appointments to the company's senior management team,
naming Joseph Freda as Chief Financial Officer, Roger Bottum as Senior Vice
President of Marketing, and Vincent Smyth as General Manager, EMEA.
-- Freda joins Acresso from the APG division of Sallie Mae
where he was Controller. Prior to that, he served as Controller for
InstallShield Corporation, which was acquired by Macrovision in 2004, and
whose products are now part of the Acresso brand. Freda's deep domain
experience in the software industry, particularly in the areas of revenue
recognition and structuring complex software/services transactions, are an
ideal fit for the company. He began his career with Price Waterhouse LLP
(now PricewaterhouseCoopers) managing client engagements in the media and
software industries for both publicly-traded and privately-held companies.
-- Bottum joins Acresso from Axentis, an on-demand
enterprise governance, risk and compliance (GRC) solutions provider, where
as SVP of Marketing, he was successful in defining the company's leadership
position in GRC and in bringing market acceptance to enterprise-level SaaS
applications. Bottum was an associate partner at Accenture and has held top
marketing and product management roles at Reed Elsevier and System Software
Associates, Inc. Bottum also serves as a board member of GT Schmidt.
-- Smyth is promoted to General Manager from Regional Vice
President of Sales for Acresso's EMEA business. Smyth has been with
Acresso/Macrovision for more than 10 years and has consistently delivered
on revenue targets and improving customer satisfaction across strategic
accounts, system integrators, channel partners, and SME markets. Prior to
joining Macrovision, Smyth held sales management responsibilities for
Business Objects, PTC and Computer Associates. Smyth is based in the
company's UK headquarters.
"Each of these executives brings incredibly deep software and technology
domain expertise as well as a strong track record of business success to
Acresso," said Mark Bishof, President and Chief Executive Officer for
Acresso. "Joe, Roger and Vincent have first-hand experience in meeting
software/hardware producers, enterprise IT and developer needs. These key
appointments support our market commitment and aggressive growth strategy."
Acresso Software provides solutions that help simplify the business
relationship between software producers and enterprises. Acresso's product
line includes the FLEXnet® and InstallShield® family of products that
were previously offered by Macrovision Corporation prior to Thoma Bravo's
April 1, 2008 acquisition of Macrovision's Software Business Unit that
resulted in the formation of standalone company, Acresso Software.
About Acresso Software
Acresso Software provides solutions that power the business of software for
multiple customer segments, including hardware and software producers,
engineers and developers, helping them uncover revenue opportunities,
streamline their infrastructure and reduce costs. The company's proven
solutions, including the FLEXnet and InstallShield product lines, have been
simplifying the business relationship between software and hardware
producers and their enterprise and government customers for more than 20
years. Acresso maximizes the value of the software the world develops and
uses. For more information, please go to: www.acresso.com.