CascadeWorks Names New CEO

Brings in tech industry vet with charge to lead growth

San Francisco, CA  May 9, 2002  CascadeWorks, a provider of solutions to automate professional services procurement, this week named a new chief, bringing in a 25-year high-tech veteran with a history of growing companies.

Dennis Stradford takes over as president and CEO from Diana Jovin, co-founder of the company and CEO since its inception in 1999. Jovin will remain on the company's board of directors and assume the role of vice president of business development

The new CEO's charge is to drive corporate strategy and accelerate the company's position in the emerging market for professional services solutions. He also will lead the executive management team and will assume a seat on CascadeWorks' board of directors.

Stradford was most recently CEO of SupplyBase, an enterprise e-sourcing software company that merged with i2 Technologies in 2000. Prior to SupplyBase, Stradford was senior vice president of sales and marketing at electronics manufacturer Flextronics International during a period when that company saw its revenues increase from approximately $70 million to over $2 billion in seven years, fueling a successful IPO.

Stradford's career also includes management and executive roles at IBM and Zehntel.

CascadeWorks also announced the addition of Stephen Zocchi to its management team as vice president of marketing. Zocchi, with more than 20 years of marketing and sales expertise in the e-business solutions market, most recently served in chief marketing officer and vice president of marketing positions for Capstan Systems and NetDynamics.

CascadeWorks offers a solution, the Clarity Services Supplier Relationship Management platform, for managing professional services procurement and various aspects of a company's relationships with its contractors and temporary workers. Solution provider Ariba also offers CascadeWorks' solution as Ariba Workforce under a partnership between the two companies.

For more information on professional services procurement solutions, see the article, "It's All About People," the Net Best Thing column in the January 2002 issue of iSource Business