March 18, 2008 10:00 ET

Former Oracle Executive Brian Farro Joins Provade as Vice President of Sales

SAN MATEO, CA--(Marketwire - March 18, 2008) - Provade Inc., the Forbes 2000's choice for next generation solutions to manage goods and services procurement, announced today that it has appointed former Oracle Director Brian Farro as Vice President of Sales. The move increases Provade's leadership in enabling Oracle and PeopleSoft customers to rapidly achieve greater compliance, visibility, and savings with minimal investment in integration, technology, and resources.

Farro joins Provade with more than 20 years of experience in global sales, partner relations, and enterprise staffing from Oracle (NASDAQ: ORCL), PeopleSoft, SkillsVillage, Intersoft, and other technology ventures.

"Brian not only brings a consistent record of building strong sales teams, but also invaluable first-hand experience working directly with Oracle and PeopleSoft customers," said Edward Jackson, Provade CEO. "His background reinforces Provade's unique relationship with Oracle as its only Tier 1 BPO partner dedicated to procurement."

Reporting directly to Jackson, Farro will oversee Provade's sales team, its collaboration with Oracle account representatives, and its partnerships with corporate staffing companies. Farro's strong relationships in the contingent workforce sector will secure Provade's Category Spend Manager as the Software-as-a-Service (SaaS) platform of choice for large staffing agencies.

"I'm thrilled to join Provade at a time when enterprise has such a critical need for managing services spend more effectively," Farro commented. "Provade offers Oracle customers unparalleled savings and transparency, and eliminates the problems associated with niche point solutions. Between Provade, my former colleagues in the Oracle field, and leading staffing companies, we have a tremendous procurement solution to offer enterprises with more than $100M in services spend."

Prior to joining Provade, Farro led the creation of Oracle's worldwide Business Process Outsourcing (BPO) program. At PeopleSoft, Farro was the Director of Sales responsible for global distribution of a suite of financial services applications. As the Vice President of Managed Services at SkillsVillage, a procure-to-pay platform for managing services spend, Farro led rapid, multi-million dollar sales growth that contributed to the company's successful acquisition by PeopleSoft in 2001.

About Provade

Provade offers next generation SaaS solutions and services for managing goods and services procurement. Some of the world's largest F2000 companies rely on our Oracle-based platform and spend management expertise to achieve the best of both worlds: industry-leading technology without the risk inherent in non-standard point solutions. Provade is based in Silicon Valley, California with locations worldwide. Learn more at http://www.provade.com.