SOURCE: Daptiv Inc.

Daptiv Inc.

September 21, 2009 12:00 ET

SaaS Leader Daptiv Adds Amdocs and Microsoft Veteran Chase Franklin as CEO

Former Qpass CEO to Drive Next Phase of Growth for On-Demand Project and Collaboration Company

SEATTLE, WA--(Marketwire - September 21, 2009) - Daptiv, the on-demand leader in collaborative business software, announced today that Chase Franklin, a seasoned software industry executive, has joined the company as Chief Executive Officer. Franklin's appointment to CEO is effective immediately.

"We are delighted that Chase has chosen to join Daptiv as CEO. Attracting someone of his caliber and with his proven track record leading and growing software companies is a clear testament to Daptiv's value today and in the future," said Kevin Hickey, Chairman of the Board of Directors of Daptiv. "Chase is joining us at an exciting stage. His hands-on experience guiding growth companies like Qpass, combined with his management experience with large technology companies like Amdocs and Microsoft, is exactly what Daptiv needs to take its business to the next level."

Franklin was most recently Chief of Strategy for Content and Media at Amdocs and is currently on the board at Ontela, a Seattle-based provider of photo management services for the mobile industry. He joined Amdocs in 2006 with their $300 million acquisition of Qpass, where he was a co-founder and CEO. At Qpass, Chase engineered the corporate restructuring and strategy change that led to the company's rapid growth and extremely successful acquisition by Amdocs.

Prior to founding Qpass in 1997, Franklin spent more than a decade at Microsoft Corporation in key product development and strategic management positions in Microsoft Office, and with Microsoft's interactive television and MSN properties. He created and led the team that partnered with Walmart to develop the predecessor of the Microsoft Commerce Server product. He holds three patents relating to the design of Microsoft and Qpass technologies and business processes.

"Daptiv was an early visionary in the SaaS arena, and they are widely recognized as a leader in collaborative project and portfolio management solutions for the enterprise. I am pleased to be able to join such talented and creative people," said Chase Franklin, CEO of Daptiv. "I am looking forward to helping guide Daptiv's continued growth in its current market and to leverage our knowledge and experience to bring exciting new services and solutions to market. The Daptiv team has a significant foundation in its technology and customer base on which to build as we progress in our vision of helping organizations better manage their work."

About Daptiv Inc.

Founded in 1997, Daptiv is the on-demand leader in collaborative business software that enables companies of all sizes to transform their mid-office business operations. Based in Seattle, Washington, Daptiv has already transformed the mid-office for more than 700 customers and 100,000 individuals at companies such as Amgen, Assurant, BASF, BP, Chase Paymentech, FiServ, Harvard University, Honeywell, La Poste and Virgin Blue.

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