SOURCE: CapitalStream

August 02, 2006 09:17 ET

CapitalStream Appoints Celeste Hauck to Vice President, Professional Services

Hauck Tapped for Strong Leadership in Software Implementation and Client Service

SEATTLE, WA -- (MARKET WIRE) -- August 2, 2006 -- CapitalStream Inc., a leader in front office automation solutions for commercial lending and finance operations, today announced the appointment of Celeste Hauck to vice president, professional services. Hauck has built and managed large client service teams who have successfully implemented large-scale enterprise systems across a broad range of enterprises including large banks and financial institutions. She will focus on building the processes and personnel skills that ensure CapitalStream's level of service delivery to complement the company's overall growth plans.

Hauck spent the last 16 years with Ceridian, a $2 billion enterprise software and services company, in numerous roles including regional vice president of implementation services, general manager and district vice president of client services. Most recently she spearheaded Ceridian's largest Six Sigma project, which defined new implementation methodologies and led to improved implementation cycle time, accelerated revenue recognition, improved customer satisfaction and significant cost savings.

"With a healthy pipeline of new business, it is more important than ever that we create a consulting and support organization that can scale, handle multiple large projects simultaneously and exceed customer expectations," said Kevin P. Riegelsberger, president and CEO, CapitalStream. "Hauck's drive and significant leadership experience will contribute greatly to CapitalStream's strategic growth plan."

About CapitalStream

Established in 1995, CapitalStream provides software and consulting services that enable commercial banks and finance companies to collaborate, integrate and operate more effectively across their front office operations. CapitalStream solutions streamline data gathering, deal structuring, credit analysis, document generation, booking, account monitoring and ongoing risk management to more effectively originate transactions and manage commercial relationships. CapitalStream transforms the paper-based operations of mid-market, small business, equipment leasing and commercial real estate groups by reducing costs, risk and processing times to grow their portfolios without increasing headcount. For more information, visit us at www.capitalstream.com.

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