SOURCE: Emptoris

September 12, 2007 10:06 ET

William B. Gerraughty, Jr. Appointed Chief Financial Officer of Emptoris, Inc.

Emptoris Attracts 20+ Year Veteran in Finance and Operations; Gerraughty Brings Significant Public Company, M&A and Global Expansion Experience to Emptoris

BURLINGTON, MA--(Marketwire - September 12, 2007) - Emptoris, a leading provider of enterprise supply and contract management software, announced today that William B. Gerraughty, Jr. has been appointed as the company's Chief Financial Officer. Gerraughty brings more than 20 years of experience in international finance and operations to the position of Chief Financial Officer, having worked at both publicly traded and globally expanding software and technology companies.

"Bill brings a wide breadth of experience in managing the finances and operations of globally expanding companies, and a focused background working with software and technology companies to Emptoris," said Avner Schneur, president and chief executive officer of Emptoris, Inc. "We are thrilled to have attracted a professional with such strong public company and global expansion experience."

In his position as CFO, Gerraughty will lead Emptoris' financial operations and will play a key role on the company's executive management team. Gerraughty has extensive and diverse experience in evaluating, managing and strengthening the finances of software and technology companies on a worldwide basis. He was the CFO at two publicly traded companies, NMS Communications and Infinium Software, as well as several venture-backed software companies.

Gerraughty previously served as the CFO for NMS Communications, a solutions provider for mobile applications in wireless networks. Prior to NMS Communications, Gerraughty was senior vice president and chief financial officer for Infinium Software, an enterprise software company, where he was instrumental in driving the organization's successful turnaround, acquisition and divesture efforts, and ultimate sale to SSA Global. Earlier in his career, Gerraughty held a number of executive positions, including President, COO and CFO at Intellution, a software company serving the industrial automation markets. Gerraughty is a CPA who began his career with Coopers and Lybrand, the global accounting firm. He holds an MBA and Bachelors of Science degree in Accounting from Babson College.

"Emptoris has a strong solution offering, a growing market and an exceptional installed base and I look forward to being part of the seasoned management team here," said William Gerraughty, newly appointed Chief Financial Officer for Emptoris, Inc. "The professionalism, innovation and customer-focused mentality Emptoris brings to the development of business software are key factors for the company's past success, and key reasons I joined the company."

About Emptoris

Emptoris is a world leader in innovative supply and contract management software solutions that empower enterprises to realize best value and accelerate profitable growth. Emptoris solutions are used by successful Global 2000 companies in every industry. Customers include American Express, Boeing, Cigna, ConocoPhillips, GlaxoSmithKline, Kraft, Motorola, Owens Corning, Syngenta, UnitedHealthCare and Vodafone.

Contact Information

  • For further information, contact:
    Dan Cahill
    (917) 617-0106
    Email Contact