SOURCE: Maxager

September 25, 2007 10:00 ET

Maxager Appoints Former SAP Executive, Karl Perron, as Chief Operating Officer and Executive Vice President

Former SAP Executive to Lead Expansion of Global Sales, Marketing, and Services Operations

SAN FRANCISCO, CA--(Marketwire - September 25, 2007) - Maxager, the leading provider of enterprise profit optimization (EPO) solutions, today announced that Karl Perron, former SAP executive, has been appointed Chief Operating Officer and Executive Vice President. Karl brings 16+ years of management expertise from both established and fast growth companies to this position and will be responsible for worldwide sales, marketing and services operations.

"I appreciate all of the opportunities that SAP has provided to me during my 12-year career with the company and I'm thrilled to bring that experience to Maxager," said Perron. "I am excited about leading our company through this period of rapid expansion as we deliver an entirely new generation of Integrated Business Planning solutions to drive better business performance through profit optimization."

Already recognized as a leading innovator in profit optimization for process industries with more than $25 billion in customer revenue under management, Maxager plans to continue its path of rapid growth, with Karl leading the way.

"Karl is an accomplished corporate strategist and line-of-business manager, and is recognized for his ability to quickly grow profitable businesses," said Michael Rothschild, founder and CEO of Maxager. "He is the single most impressive software executive I've met since I started Maxager and his energy and drive will underpin our go-to-market strategy and execution as we continue to deliver our innovative solutions to our customers worldwide."

Prior to Maxager, Karl was the Vice President and Managing Director for SAP AG's Governance, Risk, and Compliance (GRC) business unit, which, in less than one year, became the global leader in enterprise compliance applications with more than 2,200 companies using SAP solutions for GRC.

A well-rounded businessman, Karl also served SAP's family of companies since 1995 in a variety of senior management positions in sales, outsourcing services, professional services, and development and testing. In addition, he has held senior management positions at enterprise software and services firms including Paymetric Inc.; Computer Sciences Corporation; GK Intelligent Systems; and BlueStar Solutions.

Karl earned a B.S. in Business Administration from Texas A&M University and completed an international business program at the Instituto Tecnológico y de Estudios Superiores de Monterrey in Mexico.

About Maxager Technology

Founded in 1996, Maxager's patented enterprise profit optimization (EPO) solutions help leading chemicals, metals, electronics and other complex manufacturers such as Dow Chemical, Owens-Illinois, Siliconware Precision Industries, and WCI Steel increase cash and profit worth 3-5% of revenue. Uncovering profit gain opportunities that are obscured by traditional "margin only" analysis, Maxager uses both margin and production velocity information to analyze history and generate realistic forward modeling that provides management teams an entirely new level of control over Return on Assets (ROA) -- the key driver of shareholder value.

Ideal for manufacturers with a wide range of products, customers and assets, Maxager's unique technology calculates precisely how fast each product, customer, or market generates cash and profit from the assets, allowing managers to truly optimize product mix & customer mix profitability, sales & profit planning, strategic pricing, and production planning. New customers typically begin reaping benefits within 60 days. Maxager is headquartered near San Francisco with offices in Europe and Asia. For more information, visit www.maxager.com or call +1.888.MAXAGER.

©2007 Maxager Technology. All rights reserved. Maxager is a registered trademark of Maxager Technology, Inc. All other trademarks are the sole property of their respective owners.

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