Vendavo Appoints Veteran Business Executive to Board of Directors

MOUNTAIN VIEW, Calif., March 3, 2015 /PRNewswire/ -- Vendavo, the leading provider of profit and margin optimization solutions, announced today the appointment of veteran business executive Mike Mayoras to its executive board of directors.

"Mike is a proven value generator with the skills and expertise to accelerate Vendavo's growth in a sustainable manner," said Vendavo President and CEO Patrick D. Quirk. "We are thrilled to have him join the team, as we work towards expanding our company's visibility in the market space and in the Global 2000."

Mayoras brings experience leading transformation and driving rapid growth to Vendavo. Prior to serving as a board director, he was CEO of RedPrairie, a supply chain software company. The company's revenue grew from $70 million to $400 million during Mayoras' tenure, which culminated in the acquisition of JDA Software, creating a $1 billion category leader.

"Profit and margin optimization is starting to gain a strong foothold in businesses today as a valuable strategy," Mayoras said. "Vendavo's successful track record of driving shareholder value for its customers with innovative products and services demonstrates this strategy's potential. I am excited to work with Vendavo in expanding the reach and implementation of profit and margin optimization to ensure more executives take notice of how it can improve overall business performance."

In addition to Vendavo's board of directors, Mayoras serves on the boards for EPAM Systems, JDA Software, BuildDirect and Avangate Software. He was previously on the board of API Healthcare, which was acquired by GE Healthcare in early 2014.

"Vendavo has been on a steady upward trajectory with increased prominence in the Global 2000 sector," added Petri Oksanen, Partner at Francisco Partners and Chairman of Vendavo's Board. "We are confident Mike's experience leading companies to rapid expansion will assist Vendavo in reaching new heights."

Mayoras joins Oksanen, Quirk and Francisco Partners' Jay Schneider on Vendavo's board of directors.

About Vendavo

Vendavo harnesses the power of Big Data to generate actionable insights that enable businesses to sell more profitably. Our price optimization and management 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. The Silicon Valley firm has on-premises and software-as-a-service (SaaS) offerings available for different customer needs and requirements. 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.

SOURCE Vendavo

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