SOURCE: iMANY

iMANY

April 12, 2011 19:54 ET

iMANY Expands Leadership Team With the Appointment of President and Chief Operating Officer

PHILADELPHIA, PA--(Marketwire - Apr 12, 2011) - iMANY, the leading provider of contract performance solutions, announced today an expanded leadership team aimed at accelerating its customer centric growth strategy. Effective immediately, Paul Winn, Chairman of the Board of Directors, will also assume the role of Chief Executive Officer. Mr. Winn held the CEO role previously at the time of the company's acquisition by LLR Partners. The CEO role had previously been held by P. Kevin Kilroy. Mr. Kilroy is leaving iMANY for personal reasons.

Adding additional operational focus to the company, Mr. Winn has created a new leadership position -- President and Chief Operating Officer. Effective April 18, 2011, Al Smith, a seasoned high technology and software executive will assume the newly created role of President and Chief Operating Officer of iMANY. Mr. Smith will oversee all operating functions of the company -- Solution Development, Marketing, Sales, Professional Services and Customer Support. Mr. Smith will report directly to Mr. Winn. Kevin Harris, the company's Chief Financial Officer who is responsible for Finance, IT, Human Resources and Legal will also report to Mr. Winn.

Mr. Smith brings more than twenty years of Information Technology experience and success in growing software technology businesses. His cross-functional roles at IBM, Princeton Softech, Hewlett Packard, Bluestone Software and Astea International will be critical to enhancing iMANY's deployment of enterprise solutions and scaling the company's operations to support its growth strategy.

Mr. Winn noted, "I'm excited to increase my engagement with the company and I'm pleased to be working again with Al who is an outstanding addition to our leadership team. I am also pleased with iMANY's progress since the acquisition by LLR and want to thank Mr. Kilroy for all his contributions. Our focus will be to broaden our solution content to our principal market of life sciences and leverage these experiences into adjacent spaces."

About iMANY

iMANY is the leader in contract performance -- helping organizations improve the way they manage complex commercial and government contracting and compliance strategies by aligning actionable information with revenue-based transactions. The iMANY ContractSphere platform, the industry's only integrated solution for contract performance, optimizes the entire contract lifecycle, limits gross-to-net margin erosion and ensures compliance in today's heightened regulatory environment. Hundreds of organizations across 21 industries worldwide, including the top 10 life sciences companies, depend on iMANY to reveal insights that drive more profitable business relationships. For more information, please visit www.imany.com.

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