Kinaxis Corporation

Kinaxis Corporation

October 27, 2009 08:00 ET

Kinaxis Names Michael Festa as Vice President of Mid-Market Sales

Supply Chain Management Provider Enhances Executive Sales Team

OTTAWA, CANADA--(Marketwire - Oct. 27, 2009) -

Editors note: A photo is included with this press release on Marketwire's website.

Kinaxis, provider of the on-demand supply chain management service, RapidResponse(TM), recently named Michael Festa to the newly-created position of vice president of mid-market sales operations. This executive position was developed to support the growth and expanded direction of the company into new, strategic markets. Michael and his team will be primarily responsible for sales within the mid-market.

Michael brings to the Kinaxis management team more than 25 years of experience driving revenue growth and profitability, particularly in building, deploying and managing high-powered sales organizations. Prior to joining Kinaxis, he was the vice president of sales with InnoSource Business Solutions, where he was responsible for establishing their enterprise and mid-market sales group. Previously, as a corporate officer, Michael helped to bring content management software provider, Mobius Management Systems, public and grew its business in the Americas, serving as vice president of sales.

"Michael is a dynamic and successful sales leader with a proven record of generating revenue in extremely competitive markets," said Douglas Colbeth, CEO of Kinaxis. "We are looking to Michael to utilize his breadth and depth of expertise to strategically position Kinaxis as we expand our reach into new markets. His addition to our leadership team will ensure an innovative sales strategy and help to build upon our strong customer relationships."

In today's global economy, it is increasingly vital for companies to effectively manage the supply chain and recognize and respond to the on-going risks associated with business complexity and demand volatility. With RapidResponse, Kinaxis customers can quickly understand how their business is performing on key metrics and clearly focus in on those specific risks or opportunities that must be urgently addressed. Kinaxis offers companies an easy to use, on-demand service that empowers businesses to manage to their revenue objectives despite daily changes in supply and demand. With a compelling time-to-value, RapidResponse customers can realize immediate improvements to their financial and operations performance.

"I am excited to take on this new role at Kinaxis and I look forward to working with my team to grow our presence in the mid-market," said Michael Festa. "My past experiences have offered a solid base from which to build, and I look forward to using my expertise to help Kinaxis customers reap the benefits of real-time supply chain management."

About Kinaxis:

Kinaxis(TM) helps manufacturers manage increasing business complexity and achieve operations performance breakthroughs with its proven solution for demand and supply chain planning, monitoring and response. Kinaxis RapidResponse is an on-demand service that enables collective risk tradeoff and response to change by empowering front-line decision makers with integrated tools for supply chain visibility, demand management, supply management, sales and operations planning (S&OP) and supply chain risk management. Global leaders such as Casio, Jabil, Qualcomm, and Raytheon are realizing superior customer satisfaction and a competitive advantage with RapidResponse. For more information, visit www.kinaxis.com or the Kinaxis blog at www.21stcenturysupplychain.com.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20091026-photo_Kinaxis_1027_800.JPG

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