SOURCE: Khimetrics, Inc.

May 12, 2005 09:03 ET

Former Retek Exec Tom Redd Joins Khimetrics

Retail Industry Veteran to Direct Company's Business Development

SCOTTSDALE, AZ -- (MARKET WIRE) -- May 12, 2005 -- Khimetrics, Inc., leader in customer demand solutions, announced the appointment of Thomas Redd as its Vice President - Business Development. Redd brings more than 24 years of experience in senior sales and marketing roles. He is responsible for all the company's strategic business development and alliance management.

Redd's career includes both domestic and international experience in sales, marketing and alliance operations with companies operating in the retail technology space. As vice president of global marketing for Retek, Inc., he was instrumental in re-positioning the company from a mid-market software vendor to a tier-one industry leader. His successful efforts culminated in the acquisition of Retek by Oracle. Just prior to joining Khimetrics, Redd was executive vice president of sales and marketing for Talkingpoint, a consumer interactive solutions company, where he was responsible for developing and integrating the sales, marketing and alliance operations within the company. He has served in similar leadership roles for Oracle, SAP Retail, Silvon Software and Reflexis.

"When a company grows as rapidly as Khimetrics has, it needs a skilled and seasoned management team to sustain and further propel its momentum. I am thrilled that we were able to find a world-class executive to help develop and maintain strong productive relationships with our business partners," said Brent Lippman, president and CEO of Khimetrics. "Tom brings the skill set we need to continue our progress. He clearly understands the retail industry, and we expect Tom to make a major contribution to Khimetrics as we continue to lead in the customer demand solutions space."

Redd said, "Khimetrics is in a great position for continued growth with the maturing of its products and the proven ability to deliver value to its customers. Now is the ideal time to grow and nurture strong relationships that add greater value for our customers and partners."

Customer Demand Solutions

Khimetrics has established itself as a global leader in customer demand solutions across grocery, mass merchandise, drug, specialty and convenience retail segments, supporting any retail strategy ranging from Hi-Lo to EDLP. Khimetrics Customer Demand Solution Suite™ is the retail industry's first complete pricing, promotion and markdown optimization solution to manage sales and profits throughout the entire merchandise lifecycle. The company helps retailers create sustainable competitive advantage without sacrificing profitability and has consistently proven to generate a positive return on investment in less than twelve months. The company is ranked #24 on the 2004 Inc. 500 list of fast growing private U.S. companies and named as one of FORTUNE magazine's "25 Breakout Companies" for 2005.

About Khimetrics: Khimetrics, Inc., based in Scottsdale, Ariz., is dedicated to helping its customers improve business performance through a better understanding of customer demand. The company's Customer Demand Solutions uniquely combine a single technology framework that addresses the entire product lifecycle -- price, promotion, markdown and clearance -- with retail-centered methodologies and domain expertise. Khimetrics top-tier customers include Albertsons, PETsMART, Lowe's, 7-Eleven, ShopKo Stores, Pamida and Big Y Foods. For more information call 480.609.2833 or visit www.Khimetrics.com.

Contact Information

  • Contact:
    Kathy Schauer
    Khimetrics
    480/308-2359