SOURCE: Sapias, Inc.

March 29, 2005 09:05 ET

Sapias™ Names Stuart Bagshaw President and Chief Executive Officer

Leading Mobile Resource Management Company Taps Seasoned Technology Executive

SAN FRANCISCO, CA -- (MARKET WIRE) -- March 29, 2005 -- Sapias, Inc., a leading provider of enterprise-class mobile resource management solutions, today named Stuart Bagshaw as its president and chief executive officer. Mr. Bagshaw, an energetic and experienced leader in the technology industry, has more than thirty years of industry expertise and has been instrumental in implementing high-growth strategies at several technology companies throughout his career including Knowmadic, Covigo, ILOG, Gemplus, Xerox, Sequent Computer Systems, and Apple Computers. Mr. Bagshaw also sits on the board of Sapias, Inc.

"Stuart Bagshaw brings terrific credentials and years of experience in technology leadership to Sapias," said Mitchell Kertzman, a partner at Hummer Winblad Venture Partners and a Sapias director and investor. "Stuart's expertise in building and enhancing relationships with large customers and building strong teams will be extremely valuable as we seek to increase the adoption of Sapias' product portfolio. We are confident that he has the experience, leadership, and customer-focused skills to lead Sapias to even greater success."

Sapias delivers advanced web-enabled solutions for managing enterprise fleets helping customers improve productivity, security, operating efficiency, and customer satisfaction. Its patented technologies transform real-time, location-based data into customized business intelligence that can be easily integrated into existing mission-critical systems. The company today has an impressive roster of enterprise clients, as well as best-of-breed technology partners.

"In a short period of time, Sapias has established a strong customer base and compelling product portfolio that is unmatched in intelligent asset management," said Stuart Bagshaw. "I'm excited about leading a company that, from early on, focused on the fundamentals and has consistently delivered a compelling ROI and a level of service that very few companies can demonstrate. I look forward to working closely with our employees, customers, partners and shareholders and driving the future direction of this company."

Mr. Bagshaw is a seasoned technology executive with strong operational and financial skills who has demonstrated a tremendous track record of success through his leadership and understanding of strategic market issues. Most recently he was CEO of Knowmadic, Inc., a software company focused on providing data integration and aggregation capabilities to electrical utility companies. Prior to joining Knowmadic, Stuart was an active member of the board of directors of Semantic Sciences Corporation and served as a consultant and advisor to the executive management teams of several companies in the United States and the United Kingdom. Throughout his career he has built solid business relationships with major Global 500 companies including Oracle, Visa, First Union Bank, British Telecom, France Telecom, Siemens, Nokia, Nortel, Sabre, Daimler Chrysler, Ford, Renault, and SAP. Mr. Bagshaw is on the board of directors of Sapias, Inc. and the San Francisco Chapter of the British American Business Council. He has also served on the advisory boards of a number of UK- and US-based companies.

About Sapias, Inc.

Sapias is a leading provider of web-based, enterprise-class mobile resource management (MRM) software and services. The company's flexible suite of MRM applications are used by Fortune 2000 companies in the cable, utilities, transportation, distribution and related industries to transform real-time, location-based data into actionable business intelligence. The resulting visibility and control over fleets and mobile workers results in a rapid and compelling ROI by reducing operating and capital costs, increasing productivity, and enhancing customer satisfaction. Sapias built these industry leading applications, including its flagship product Fleet Intelligence™ 3.0, on a patented platform that utilizes advanced wireless, GPS, Internet, telephony and spatial database technologies. Headquartered in San Francisco, Sapias is funded by leading venture capital firms, including Alloy Ventures, Catamount Ventures, Garage Technology Ventures, and Hummer Winblad Venture Partners. For more information, please visit or call 415.278.0550.

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