SOURCE: IQNavigator, Inc.

IQNavigator, Inc.

November 12, 2009 12:00 ET

Lou Andreozzi Named President and Chief Executive Officer of IQNavigator, Inc.

Company Bolsters Executive Leadership for Rapidly Accelerating Business Expansion to Lead Growing Market for Services Spend Management Solutions

DENVER, CO--(Marketwire - November 12, 2009) - IQNavigator, the leading provider of solutions that help global companies manage spending on contract workers and outside services, today announced the appointment of veteran technology executive Lou Andreozzi as president and chief executive officer.

"IQNavigator stands at an inflection point as our growth is accelerating and the market we created 10 years ago is reaching a critical mass. I am excited to bring on board a proven public-company executive with Lou's experience and unique leadership skills to help rapidly scale IQNavigator to the next level organically and through strategic acquisitions," said John Raeder, CEO, IQNavigator.

Raeder founded Denver-based IQNavigator in 1999 with a small team of technologists to develop an innovative software-as-a-service (SaaS) platform for contingent workforce management. With a vision to automate and revolutionize the business and distribution models for all outside services spending, he further pioneered the services procurement sector in 2005. Today, the company does business in 93 countries and profitably manages billions of dollars in spend for many of the Fortune 500's most successful corporate brands. Explosive sales bookings and revenue growth have earned IQNavigator repeated recognition on the Deloitte Fast 500 and 50 lists, Red Herring Top 100 Most Promising Tech Companies list, Supply and Demand Chain Executive Top 100, among others. Raeder himself has been repeatedly recognized for his vision and leadership as he guided IQNavigator through 10 consecutive years of revenue growth.

Andreozzi, an experienced leader in technology and business information services, was president and chief executive officer of LexisNexis North American Legal Markets, a $1.2 billion division of Reed Elsevier. During his tenure, LexisNexis acquired the industry's top two electronic filing companies, the leading electronic discovery company, the leading docket database, the #1 customer relationship management system for law firms and numerous market-leading practice management tools. Most recently, Andreozzi was CEO of Inference Data, a leading software-as-a-service (SaaS) provider of solutions for legal data analysis and review.

"I look forward to leading a company with such a strong reputation and record of success in the emerging market for services procurement and spend management solutions," said Andreozzi. "As the market continues to grow, I fully expect IQNavigator to be the definitive leader and to continue setting an aggressive pace with innovative new solutions that help our clients drive more savings and realize faster bottom-line benefits."

About IQNavigator

IQNavigator is the leading provider of services spend management software and managed services that enable companies such as Charles Schwab, Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain visibility and control over a significant and strategic corporate spend category. With proven domain expertise and innovative technology solutions, IQNavigator helps turn complex services spend into a new source of value, competitive advantage and continuous bottom-line improvement. For more information, visit

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