SOURCE: Jump Technologies, Inc.

October 22, 2007 13:39 ET

George Danko Named President and CEO of JumpTech

Former Best Buy Senior VP and Springworks CEO to Spearhead JumpTech's Growth

EAGAN, MN--(Marketwire - October 22, 2007) - Jump Technologies, Inc. (JumpTech™) announced today that George Danko has joined the company as president and CEO. As part of the agreement, Mr. Danko will be making an investment in JumpTech, which is currently privately held. Danko succeeds John Freund, who remains chairman of the board and a full-time employee, devoted to expanding market opportunities and driving the company's product strategy and sales efforts.

Danko brings 30 years of senior management experience with such highly regarded companies as Best Buy, Pentair, GE and Johnson Controls. Most recently, he served as CEO of Springworks, LLC, an independent startup-investment company of Petters Group Worldwide, where he was responsible for identifying and investing in companies that would be complementary to other companies in the Petters organization.

"George has a proven track record of using effective business strategies to accelerate growth," said Freund. "Our company is ready to move into its next stage of growth, and we need his experience to make that happen."

"JumpTech's products and product pipeline represent an incredible opportunity for us to change the way business is done in certain markets," said Danko. "At Springworks, I had the opportunity to learn about hundreds of companies. JumpTech ranks at the top of my list of great growth opportunities and market disrupters. I'm anxious to get started."

About JumpTech

Eagan, Minnesota-based Jump Technologies, Inc. (JumpTech) is a leading provider of flexible inventory management solutions targeted at helping businesses reduce requisition costs, increase compliance with purchasing contracts, decrease inventory carrying costs and reduce out-of-stocks inventory. JumpCart leverages lightweight, portable keyfob bar-code scanning technology that uses the power of a hosted inventory management application to optimize supply levels. It's a flexible, workflow-based inventory management system that employees actually use. For more information, visit www.JumpTech.com, call (651) 287-6000 or email info@JumpTech.com.

JumpTech is a registered trademark of Jump Technologies, Inc. All other trademarks herein are the property of their respective owners.

Contact Information

  • Contact:
    Jennifer Schwegman
    KC Associates
    (651) 247-6640
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