SOURCE: Ketera Technologies

March 22, 2005 13:05 ET

Ketera CEO Honored by Supply & Demand Chain Executive Magazine as One of 2005's "Pros to Know"

Steve Savignano Recognized for Thought Leadership in Delivering Spend Management Solutions as on Demand Services

SANTA CLARA, CA -- (MARKET WIRE) -- March 22, 2005 -- Ketera Technologies, the leading provider of on demand spend management solutions, today announced that Steve Savignano, chairman and CEO of Ketera, has been awarded the prestigious award of "2005 Pros to Know" by industry magazine, Supply & Demand Chain Executive. The "Pros to Know" award is an annual listing of individuals from supply and demand chain software providers who have driven advancements in the industry through technology-related innovation.

Savignano has been an instrumental force behind the industry's move toward providing technology solutions using an on demand service model. Customers today demand more value from technology and have tired of the classic license and maintenance fee model. Savignano understood that purchasing software applications and implementation services upfront made it more difficult to achieve a return on investment (ROI). With this in mind, he developed Ketera from the ground up to provide a pay-as-you go alternative, allowing customers to use what they need and pay for what they use.

"Steve evangelized the on demand procurement model for companies in the supply and demand chain industry because he recognized a more effective way to control corporate spend," said John Dillon, a board member for Ketera Technologies, former President of Salesforce.com and CEO of Navis, LLC in Oakland, Calif. "He is very deserving of public recognition for his visionary leadership and significant contributions to the industry. Because of Steve's drive for change, companies can now utilize on demand procurement services as a means to further grow their businesses."

Ketera's on demand spend management solutions provide companies with the applications and services needed to control corporate spending for direct and indirect goods and services with fewer resources required. Customers pay for Ketera services over time and access applications via a Web browser, eliminating the time, resources and need to install software. To date, Ketera has analyzed over 150 billion in corporate spend for customers, helping enterprises and mid-market companies streamline their procurement process, achieve a faster and greater return on investment, and grow their businesses without the expense and overhead of traditional procurement software applications.

A veteran of 25 years in the software industry, Steve Savignano is regarded as a pioneer of "software as a service," demonstrating how on demand applications can deliver immediate benefits at reduced risk. As CEO for Ketera Technologies, Savignano has overall responsibility for the company's strategy, organization and operations. Prior to Ketera, Savignano served as a senior executive at a number of industry-leading business application providers, developing strategies to apply technology for greater business value. He was General Manager of Application Business at Netscape and led the product development organization for Manugistics in his role as VP of Products. Savignano also served as Senior Vice President of iPlanet, AOL's partnership with Sun Microsystems prior to AOL's acquisition of Netscape.

About Ketera Technologies

Ketera Technologies is the leading provider of on demand spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.

Ketera Spend Management includes applications for spend analysis, sourcing, procurement and payment and reconciliation. The Ketera difference is our on demand delivery model which combines hosted spend management applications with the 'heavy lifting' services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.

Ketera Technologies is an IBM business partner, providing technology for IBM Leveraged Procurement Services, an e-Business On Demand offering. Located in Mountain View, Calif., Ketera is a private company founded by American Express. Other investors in the company include Kleiner Perkins Caulfield & Byers and Foundation Capital. For more information about Ketera Technologies and the Ketera Spend Management suite of services, please visit www.ketera.com.

About Supply & Demand Chain Executive

Supply & Demand Chain Executive (www.sdcexec.com) is a bi-monthly business magazine aimed at uniting the intelligence, news and tools necessary to steer the supply and demand chain management professional and business executive through the complicated, yet critical, world of supply and demand chain management. With hard-hitting analysis, viewpoints and unbiased case studies, Supply & Demand Chain Executive uncovers each aspect of the new supply and demand chain to keep readers on the leading edge, the frontline and the profit zone.

Contact Information

  • Contact:
    Kelli Pietrantonio
    Text100 (for Ketera Technologies)
    (212) 331-8420
    kellip@text100.com