Boston August 21, 2002 SupplyScience, a provider of store-based demand forecasting and replenishment software, announced that the company has elected Bruce Welty as its new CEO and member of its board of directors.
Welty previously was CEO of AllPoints Systems for 13 years before it was acquired by Dallas-based EXE Technologies in 2001. As SupplyScience's CEO, Welty will be based in the Boston office.
"We are delighted that someone of Bruce's caliber has agreed to accept the position of CEO of SupplyScience," said Gil Roth, founder and president of the company. "We are convinced that Bruce's strong background, coupled with his demonstrated ability to lead a growth-oriented company is exactly what we were looking for to accelerate our growth."
Welty worked as a product manager at Enterprise Technology Corp. in New York and as a senior manager at CAI, Coopers & Lybrand in Boston before co-founding AllPoints Systems in 1987. During his tenure, AllPoints evolved from a consulting firm into a software product firm with an industrial warehouse management software (WMS) product.
Welty is a graduate of Colorado College, where he earned a B.S. of Mathematics, with a concentration in economics.
Started in 1996 by the founders of the Technion University Optimization Laboratory, privately held SupplyScience counts Whole Foods Markets, PW Markets of California and Unilever among its customers. Its investors include Israel Seed Partners, Israel Infinity Venture Capital, Millennium 3 Capital and Quan Ventures.