MOUNTAIN VIEW, Calif., Sept. 1, 2015 /PRNewswire/ -- Vendavo, the leading provider of margin and profit optimization solutions, announced today that Bruno Slosse has joined the company as President and Chief Executive Officer replacing John Trzeciak, a Francisco Partners operating partner, who served as an interim CEO of Vendavo since May 2015, and who is joining Vendavo's Board of Directors.
"I am really thrilled to join Vendavo and its strong leadership team," said Bruno Slosse, President and CEO of Vendavo. "The company has proven enterprise software solutions delivering tremendous value to its customers, and I am excited to be part of the team and help grow its offering and customer base across industries and geographies in the Global 2000 space."
Slosse brings more than 25 years in technology experience to Vendavo, including a strong track record in growing companies, expanding their global reach, and broadening their product offering. Most recently, he served as President of Ascend Learning's Clinical Health Division, a prominent provider of technology-based content solutions. Before Ascend, Slosse served as General Manager of Cerner Europe, a leading information technology firm, where he led the expansion of the European division from a few clients to several hundred across 7 countries in over a decade.
"We are thrilled to have Bruno taking the helm of Vendavo," said Petri Oksanen, Vendavo's chairman of the Board and a partner at Francisco Partners. "Bruno is a passionate and energetic leader with an impressive track record of leading companies and teams to excellence and exceptional performance. His global experience will greatly help Vendavo's expansion in Europe and other parts of the world. "
Slosse will be based out of Vendavo's headquarters in Mountain View, Calif.
Vendavo harnesses the power of Big Data to generate actionable insights that enable businesses to sell more profitably. Our margin and profit optimization solutions help global customers make better data-driven decisions for pricing and sales effectiveness. Using cutting-edge analytics and deep industry expertise, Vendavo boasts the largest number of implementations for B2B enterprises in the industry, having helped more than 300 company divisions dramatically increase revenue, improve profit margins and maximize shareholder value. Located across the globe, Vendavo is the solution of choice for Fortune 500 companies in industries such as chemicals, consumer packaged goods, wholesale distribution, energy and utilities, technology, industrial manufacturing, and medical devices and consumables. Learn more at http://www.vendavo.com.
About Francisco Partners
Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch over 15 years ago, Francisco Partners has raised approximately $10 billion in capital and invested in more than 150 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm's deep sectorial knowledge and operational expertise can help companies realize their full potential.