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Exec leaves AOL for PurchaseSoft

Westborough, MA  August 8, 2001  Technology executive William Caffery has joined the board of directors of PurchaseSoft. Caffery was vice president and chief information officer (CIO) of America Online, and previously vice president of technology research and advisory firm Gartner Group. According to PurchaseSoft, Caffery will provide strategic guidance for PurchaseSoft's mission of providing practical procurement solutions that improve ROI, strategic sourcing and inventory management.

"Bill is an outstanding addition to the PurchaseSoft Board, and we're very excited by what his presence on our Board represents for us," said Don LaGuardia, president and CEO of PurchaseSoft. "Bill's proven leadership abilities and technical expertise will greatly strengthen PurchaseSoft's strategic focus.

"PurchaseSoft's procurement software is an outstanding solution for the purchasing needs of the nation's leading corporations," said Caffery. "I am particularly excited by the combination of PurchaseSoft's technology and its new, highly-focused, dynamic management team. I am eager to help PurchaseSoft better position its products in the market and to contribute to its product strategy."

While at America Online, Caffery directed the reorganization and integration of information technology units with combined budgets of $300 million. At Gartner Group, Caffery held various vice president positions including product development and integration, IT research and development, and service director.