International Decision Systems® Appoints Executive Chairman
Minneapolis, MN September 22, 2009 -- Thomas L. Thomas, a long time software industry executive has joined the International Decision Systems® (“IDS”) management team and its board of directors as Executive Chairman. In this role, he will work closely with both management and the board on the company’s global growth strategy.
Mr. Thomas brings more than 35 years of successful software industry executive leadership as both a software vendor CEO and a corporate CIO to IDS. His most recent role was as President and Chief Operating Officer of GXS, Inc, a leading worldwide technology provider of business-to-business EDI and supply chain integration, synchronized and collaboration solutions. Prior to its acquisition by GXS, Mr. Thomas served as President and Chief Executive Officer of Haht Commerce, Inc. a leading provider of demand chain management solutions. Mr. Thomas was also previously CEO and President of Ajuba Solutions, a provider of integration software, acquired by Interwoven. Prior to this he was Chairman, President and CEO of Vantive Corporation, a public company and leading customer relationship management software vendor acquired by PeopleSoft. Before joining Vantive, Mr. Thomas was SVP of E-Business and CIO at 3Com, Palm, Dell Computer, as well as VP at both Kraft Foods and Sara Lee. Mr. Thomas also brings extensive board experience and currently serves as a director on three software company boards.
“IDS is a key portfolio investment for our firm and the addition of Tom Thomas reflects our commitment to bolstering the leadership team of this important and successful investment” said Nicholas E. Somers, Managing Partner of SV Investment Partners, the private equity owner of IDS and Chairman of the Executive Committee of the IDS board. ”Tom will add a deep background in enterprise software to our management team and our experienced and accomplished board of directors which already includes technology veterans Michael Armstrong, former Chairman of Comcast Corporation and former Chairman and CEO of AT&T and Hughes Electronics, David Dobson, President, Pitney Bowes Management Services & EVP, Enterprise Sales and Solutions, Pitney Bowes Inc.and the former CEO of Corel, and Paul Lacy, former President of Kronos, Inc.”
“IDS has a strong and effective management team and an experienced board of directors, I am pleased to join them to help continue and expand the company’s long track record of market leadership,” said Tom Thomas.
“We couldn’t be more pleased with Tom’s decision to join our team,” said Todd Davis, CEO of IDS. “His tremendous leadership experience will be instrumental in assisting IDS to achieve the next phase of its growth.”
International Decision Systems®
IDS is a leading provider of software and solutions for the equipment finance market. For over 30 years, the company has offered integrated solutions from origination through disposition and asset management, supported by an ongoing research and development effort unrivaled in the market space. Customers include approximately 50% of the largest leasing companies in the United States, and an increasing number of the largest global players. In addition to offering powerful, flexible software, IDS provides the industry experience and expertise to assure successful, complete solutions. Headquartered in Minneapolis, MN, the company also has offices in the United Kingdom, India, Singapore and Australia. For additional information, visit www.idsgrp.com.
About SV Investment Partners
SV Investment is a leading middle market private equity firm which focuses on the business services sectors with a particular emphasis on technology related services. SV plays an active role in the management of its portfolio and works closely with the boards and managements teams of its portfolio companies to build value. The firm was founded by Nicholas Somers, its Managing Partner, and is located at 505 Fifth Avenue in New York City. For additional information, visit www.svip.com.
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