SOURCE: Provade

February 15, 2006 14:02 ET

Provade Names Ian Sullivan as Its Chief Operating Officer

SAN MATEO, CA -- (MARKET WIRE) -- February 15, 2006 -- Provade, Inc., the leader in Procurement Process Outsourcing, today announced that it has appointed Ian Sullivan to be its Chief Operating Officer. Sullivan joins Provade with over 18 years of global high-technology and management consulting experience from Sun Microsystems, A.T. Kearney, KPMG and, most recently Perfect Commerce, where he was Vice President of Product Marketing and Business Development.

"Ian provides a wealth of experience with a strong track-record of success," said Edward Jackson, Founder and CEO of Provade. "We are delighted to bring on someone of his caliber to take Provade to the next level."

Reporting directly to Jackson, Sullivan will have overall responsibility for the operations of Provade, including sales, marketing, product management and professional services.

"Procurement organizations today want more than just specialized, disparate tools that only address a part of the problem," said Ian Sullivan. "Provade provides a compelling combination of ERP-enabled on-demand applications and managed services to help companies manage their spend more effectively. I am excited about Provade's potential."

Prior to joining Provade, Sullivan was instrumental in the growth of Perfect Commerce, where he led a series of M&A transactions that helped the company double its revenues each year, negotiated channel agreements with Oracle and SAP, and built the sales, product marketing, and professional services organizations. He also was a co-founder in network storage startup Ridge Technologies that was sold 14 months after inception, and has held senior management positions at KPMG and A.T. Kearney. Sullivan holds an MBA from Santa Clara University and a BA in Economics from Colgate University.

About Provade

Provade is the leader in Procurement Process Outsourcing for the Global 2000. Built around Oracle's enterprise procurement platform, Provade's managed procurement services and solutions provide customers what they need to achieve best-in-class savings with minimal investment. Provade is a global company based in San Mateo, California, with offices in Chicago, Illinois, and Sydney, Australia. For more information about Provade, visit our Web site at: http://www.provade.com

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