Ivara Corporation

Ivara Corporation

November 16, 2005 09:00 ET

Ivara Corporation Appoints Gerry Bleau as Chief Operating Officer; IT Industry Veteran Joins Executive Management Team

BURLINGTON, Ontario--(CCNMatthews - Nov 16, 2005) -

Ivara Corporation, an industry leader and innovator in asset reliability solutions, today announced that Gerry Bleau, a 20-year technology veteran, has been named chief operating officer. Reporting directly to Bill Shaw, president and CEO, Bleau will oversee Ivara's direct sales, services, partner and customer support organizations.

In his new role, Bleau will focus on further strengthening operations and strategic initiatives to position Ivara for growth. He will also play a key business development role to support sales efforts and capitalize on the growing market for asset reliability solutions.

"Gerry brings a depth and range of experience that is invaluable to our growth," says Bill Shaw, president and CEO. "His leadership will drive our vision of operational excellence and he will have a significant impact on Ivara's continued success."

Bleau brings more than 20 years of operational and management experience to Ivara, with significant technology industry expertise, both domestically and internationally. He joins the company from Time Industrial where he served as chief executive officer and director. Bleau also served as chief operating officer of Temposoft where he was responsible for worldwide sales, services and marketing. Prior to this, Bleau was with J.D. Edwards, where he held the positions of vice-president and general manager for Canada. He was later named senior vice-president, managing more than 800 people in the Americas and Asia-Pacific regions. A senior executive with a track record of significant growth and profitability, Bleau will leverage this experience in his new role to improve operational effectiveness and expand market opportunities for Ivara.

"With an industry leading solution, backed by a team committed to delivering customer value, Ivara is well positioned take advantage of the burgeoning reliability market space," says Bleau. "I am pleased to be leading operations during this exciting time and welcome the opportunity to contribute to Ivara's long term growth."

About Ivara

A leader in asset reliability solutions, Ivara helps capital intensive companies improve operational performance by better managing the reliability of their plant assets. Ivara's unique methodology implements reliability one asset at a time, resulting in a high financial impact that is quickly realized. By putting a proactive asset reliability process in place and focusing on changing people's behavior and activities, Ivara helps transition organizations to proactively managing asset health. For more information about Ivara, visit www.ivara.com.

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