BOSTON, MA and LONDON, U.K. May 19, 2003 - Extraprise®, the internationally recognized Customer Relationship Management (CRM) consulting firm, today announced that its shareholders have approved the appointment of a new member of the company's board of directors. Yury Parad, a thirty-year veteran of the information technology industry joined the board on April 24th.
Mr. Parad brings Extraprise more than ten years of venture capital expertise and over 30 years of entrepreneurial, professional and managerial experience in all aspects of information technology. He was most recently Chief Strategy Officer at ETF Group, a Swiss-based venture capital firm with offices in the U.S., U.K., France, Italy, Germany and Australia. European Technology Forum named ETF Group the "Venture Capitalist of the Year" (2000). Prior to that, he was CEO and major shareholder of APP Group, the second largest systems integrator in Central Eastern Europe and the first SAP System House outside of Germany. He sold APP Group to Warburg Pincus Ventures. Parad also served in a number of senior management positions at Oracle Corporation in the United States and Europe. He is private investor in a number of successful start-ups, including The Fantastic Corporation AG, (Frankfurt Stock Exchange, Symbol: FAN).
Ken Marshall, Chairman and CEO of Extraprise said, "Yury has a comprehensive view of the information technology industry, with successes in software, consulting and venture capital. His insights will accelerate our strategy to become the most trusted advisor in customer relationship management."
Mr. Parad will serve as a director of Extraprise Group, Inc. He will also work closely with Extraprise's international business, headquartered in London, which accounts for more than 40% of corporate revenues and like the company overall, has been profitable on a quarterly and yearly basis.
Mr. Parad said, "Extraprise's clients are a mixture of global brands and leading mid-market companies. One of the things that attracted me to the company was its focus on client success. Extraprise has executed extremely well in a difficult economic environment and is positioned to take advantage of the improving economies in the U.S. and E.U."
Extraprise® is a leading systems integrator and business process outsourcer specializing in customer management. The company's "Insight-to-Interaction" (or "i2i") solutions combine data management, business insight, demand generation, and customer management. Clients use Extraprise services to make their customer insights actionable throughout their marketing, sales, and service channels. Solutions are available on premise and as on demand services at the company's hosting centers. Extraprise is headquartered in Boston with offices in the U.S. and Europe. Extraprise is on the Web at www.extraprise.com.
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