SOURCE: Cambridge Semantics

Cambridge Semantics

December 20, 2012 09:00 ET

Board Member Chuck Pieper Joins Cambridge Semantics as Chairman and CEO

Vice Chairman of Alternative Investment at Credit Suisse Asset Management and Ex-GE Executive Brings Deep Financial Services and Life Sciences Expertise

BOSTON, MA--(Marketwire - Dec 20, 2012) - Cambridge Semantics (www.cambridgesemantics.com) today announced that Board Member Chuck Pieper has accepted the role of Chairman and CEO at the company. Mr. Pieper brings over 30 years of operating experience and relevant industry experience to his new role, having previously served as President and CEO of seven GE businesses and Vice Chairman of the Alternative Investment business at Credit Suisse's Asset Management division.

"Chuck has been an active Board Member at Cambridge Semantics, and we are very excited to have him come work with us on a day-to-day basis," said Alok Prasad, President of Cambridge Semantics. "Chuck's decision to become more actively involved with building Cambridge Semantics is a testament to our market opportunity and the business we have built to date. He brings not only significant operating experience but deep expertise in the financial services and life sciences markets, key verticals for Cambridge Semantics."

"Cambridge Semantics has an experienced team, a stellar customer lineup, and a next-generation Semantic Web technology platform that is well-positioned to solve our customers' most critical data challenges today," said Mr. Pieper. "Companies -- large and small -- face significant challenges merging sources of structured or unstructured data quickly, at low cost, and with user flexibility. The rise of Big Data has further exacerbated this, and Cambridge Semantics has clear solutions to address these challenges. I'm very much looking forward to helping to grow the business further and fully realize the opportunities to bring Unified Information Access to enterprises currently struggling to exploit their data deluge."

During his 18-year career at GE, Mr. Pieper served as president and chief executive officer of GE Japan, Korea, Taiwan, GE Medical Systems Asia, Yokogawa Medical Systems, GE Lighting Europe and GE Trading Co. He joined GE in 1981, after five years in the Navy, including service in Vietnam, and three years as a consultant at The Boston Consulting Group. He was also an operating partner with Clayton, Dubilier & Rice and spearheaded its European practice. More recently, he was Vice Chairman of the Alternative Investment business within Credit Suisse's Asset Management division responsible for the oversight of the international private equity joint venture. He holds a BA from Harvard College and an MBA, with distinction, from Harvard Business School.

About Cambridge Semantics
 
Cambridge Semantics provides the award-winning Anzo software suite, an open platform for building interactive Unified Information Access (UIA) solutions. Enterprises face an increasing need to rapidly discover, understand, combine, and act on data from diverse sources both from within and across organizational boundaries. Anzo makes it easy for both IT and end users to deal with this need by rapidly creating solutions that leverage unified access to structured and unstructured data from varied sources in the context of specific business problems.

Cambridge Semantics is privately held and based in Boston, Massachusetts. For more information, visit www.cambridgesemantics.com or follow us on Twitter @CamSemantics.

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