SOURCE: Parature

July 25, 2005 09:02 ET

Parature Appoints Dan Yoo as Chief Financial Officer

MCLEAN, VA -- (MARKET WIRE) -- July 25, 2005 -- Parature, providers of award winning, on demand customer support software, has appointed Dan Yoo as Chief Financial Officer. Dan will be responsible for accounting, financial planning, human resources, and all reporting and operating systems. "I am extremely pleased to be taking on the chief financial officer responsibilities during such an exciting period in the company's growth and development. I look forward to contributing to the management team's goals and strengthening the company's organizational capabilities," said Yoo.

Prior to joining Parature, Dan co-founded ReliaQuote, a profitable Internet insurance brokerage firm which was later acquired by Fiserv Inc. in 2003. In addition to co-founding ReliaQuote, Dan served as an Investment-banking analyst at Merrill Lynch's Technology Investment Banking Group and with Epoch Partners, which was later acquired by Goldman Sachs. "Dan has a proven track record in finance, both as a financial advisor and as an entrepreneur. His unique perspective will add immense value to our existing management team," noted Ching-Ho Fung, Chairman and President of Parature.

"As a privately held company, Parature has achieved high growth rates throughout the years without having to seek additional funding," stated Yoo. "This bootstrap discipline is one that is to be commended and desired, and positions us well for approaching institutional investors."

"In the coming months we will begin actively developing financial strategies to bring the additional financial resources and partnerships required to build a world class, global software company. With Dan's assistance I am confident that will be a smooth and successful task," stated Fung.

"We are pleased to announce Dan as our CFO, and look forward to his strategic business guidance that comes with his broad background in finance," said Duke Chung, CEO at Parature. "He will be a vital member of Parature's executive team as we incorporate the practices and discipline necessary for a profitable company."

About Parature

Parature, the leader of online support software enables companies to improve their internal and external support, while reducing costs. Through its suite of modules, Parature allows companies to provide critical self-servicing information on a 24x7 basis via the web, resulting in reduction of inbound support load and therefore reducing support costs. Continually growing, Parature serves industry leaders such as Office Depot, ATI Technologies Inc. and Florida State University. Headquartered in McLean, Virginia, Parature can be found on the Web at www.parature.com.

For more information on the full features available in Parature, or to sign up for the FREE 30-Day Trial, please visit www.parature.com/paramatrix.aspx.

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