SOURCE: Lontra

December 19, 2007 12:29 ET

Lontra Adds Mike Malloy as Chief Operating Officer

Software Industry Veteran Deepens Management Team for Growing IT Service Management Firm

REDWOOD CITY, CA--(Marketwire - December 19, 2007) - Lontra, a provider of software and services focused on helping IT organizations implement service portfolio solutions, today announced that Mike Malloy has joined the company as chief operating officer. He will report to Boris Pevzner, CEO of Lontra. Malloy will be responsible for sales, marketing, professional services, education, and finance. He brings more than 30 years of experience in software and professional services with IBM, Deloitte, KPMG, and most recently with Wily Technology, now a division of CA. Mike joined Wily in 2001 and became senior vice president of product development and chief marketing officer. Wily was acquired by CA in 2006.

"We are very pleased that Mike has joined our team," stated Boris Pevzner, Lontra CEO. "We are seeing growing demand for our unique approach to serving our customers as they embark on their journey to implement more consistent, professional and cost effective services to the business. As our organization grows, Mike's deep experience and expertise will help us serve our customers well, attract top talent, and attain functional excellence."

"I joined Lontra because it uniquely delivers the full set of capabilities IT needs to be successful on the ITIL service management journey -- education, certification, software, and consulting -- from a single vendor with a focus on and passion about achieving success," said Malloy. "As the range of services IT offers has become broader, more complex, and very expensive, CIOs, CFOs and IT operations executives have come to realize that they need a set of tools to manage the many planning, financial, informational, and requisitioning interactions they get from their customers, partners, and end users. Lontra offers these tools along with the training and best practices consulting to achieve full implementation rapidly."

About Lontra

Founded in 2005, Lontra provides the first and only Service Portfolio solution that features IT Financial Management and Demand Planning capabilities built around an actionable IT Service Catalog. Lontra's solutions integrate education, certification, software, and consulting to help IT organizations align their services to the needs of the business, manage and control IT spend, better plan for future demand, and increase overall customer satisfaction. The company is venture funded and headquartered in Redwood City, CA. For more information, visit www.lontra.com, or call (877) LONTRA1.

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