Vivonet Inc.

Vivonet Inc.

February 21, 2011 10:01 ET

Vivonet Inc. Announces Appointment of Fred Tummonds as Vice President of Product

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2011) - Vivonet Inc., the leader in secure web-based point of sale ("POS") software for the North American restaurant industry, is excited to announce the appointment of Fred Tummonds as its new Vice President of Product.

In his new role, Fred will be responsible for leading the team at Vivonet as the organization continues to define and deliver the world's most user-friendly and scalable "Software as a Service" ("SaaS") solution and POS system for restaurants. He will focus on product roadmap and delivery for Halo™, Vivonet's SaaS product, a flexible and affordable solution that is delivered to restaurant and foodservice clients over the Internet.

With over 17 years experience in the software industry, Fred has successfully managed and led product teams at both Fortune 500 and start-up companies. He has a proven track record of defining, building and delivering customer driven products.

His passion for software started at the young age of 10, when he designed and wrote his first software program – a video game for the TRS-80. Since then, Fred has continued to foster his interest in software development and design, and he has worked alongside some of the most experienced technology professionals in the industry.

Fred has spent 11 years at Business Objects (formerly Crystal Decisions) where he was VP of Enterprise Reporting, overseeing three releases of Crystal Reports which generated over $80 million in annual revenue. Prior to joining Vivonet, Fred was the co-founder and CTO at Indicee, a SaaS business intelligence company which won the 2010 BCTIA Most Promising Startup Award.

About Vivonet:

Established in 1999, Vivonet Inc. is the restaurant industry leader in Software as a Service ("SaaS") solutions that enable, acquire and organize over one hundred million transactions every month for customers in Canada and the United States. Vivonet provides Halo™ Secure Web Based POS and on-demand enterprise management, POS, payment processing and performance benchmarking solution for its customers. Vivonet's unique ability to empower the transaction data created by its customers allows their clients to benchmark their performance against other users and the industry at large – leading to better performance and higher business success rates.

About Halo Secure Web-Based POS:

As the industry leader, Halo™ Secure Web-Based POS powered by Vivonet gives restaurateurs the tools, information and knowledge they need to run better. In fact, restaurants that use Halo Secure Web-Based POS outperform the National Restaurant Association's sales index by an average of 3.88%. For more information about Halo Secure Web-Based POS, please visit http://www.Vivonet.com.

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