Fleet Management: Cadec Global Expands Management Team With Three Additional Software Industry Veterans

Cadec Global, a leading provider of driver-centric fleet management systems, announced recently that it has expanded its management team with three new appointments: Doug Frank as Vice President, Professional Services and Business Development; Frank Moreno as Vice President, Marketing; and Owen Smith as Vice President, Sales.

The three have a combined 60+ years' experience and track records of success helping to grow enterprise software companies. Frank was most recently Senior Vice President Channel, Sales and Business Development at Cadec partner Maptuit Corporation. Moreno was most recently Vice President, Marketing for software firm Mindreef. Smith was Vice President, Sales and Business Development for AMSI, a division of Infor Global Solutions.

At Cadec, all three report to CEO Michael Baney. "Cadec is on a swift growth trajectory, and Doug, Frank and Owen all have experience helping to manage and accelerate software company growth," said Baney. "Their expertise and knowledge will benefit the company immensely – we're thrilled to have them on board."

These new management appointments are the latest in a series of recent Cadec achievements; among them:

• Achieving record revenue growth in the first half of 2007;
• Growing headcount by 50 percent over the past year;
• Moving into expanded headquarters in Manchester, NH;
• The appointments of new CEO Michael Baney and Chairwoman Melanie Cary; and
• Its May 2007 purchase by private equity firm Brú Venture Capital.

About Douglas Frank
Doug Frank is a seasoned software executive with 20 years' experience in business-to-business, enterprise software solutions. As Vice President, Professional Services and Business Development for Cadec, he is responsible for forming strong partnerships with complementary companies that can help customers maximize the value of their Cadec solutions, and for ensuring customer success through efficient and effective implementation and support services. He previously led sales and business development for Cadec partner Maptuit, a leading provider of navigation and logistics software solutions for the transportation industry. Frank was also part of the sales management team that helped launch MapQuest in the late 90s, and served as Vice President, Sales for TNT Vacations. A graduate of the University of Wisconsin at Madison, Frank resides in Topsfield, Mass.

"Cadec is at an exciting juncture, with an upcoming product launch that provides new opportunities to drive customer success through strong alliances and professional services," said Frank. "This position provides me with an opportunity to work with a stellar team and to have a big impact on the company's growth."

About Frank Moreno
Moreno has more than 15 years of software marketing experience. As Vice President, Marketing at Cadec he is responsible for all marketing and branding strategy and execution. He was previously Vice President, Marketing at Mindreef, where he helped jump start its marketing initiatives. Prior to Mindreef, Moreno was Director, Product Marketing at Empirix, where he successfully established Empirix as the leading player in an emerging category of software testing solutions, and was responsible for marketing strategy, positioning, programs and communications. Moreno also held senior marketing roles at software vendors SMARTS and Dirig. A graduate of Syracuse University, Moreno lives in Bedford, NH.

"Cadec presents a terrific marketing opportunity," said Moreno. "The company has a well-established brand in a growing market, and is on the cusp of a major new product introduction. I'm excited about the opportunity to help Mike and the rest of the team take Cadec to the next level."

About Owen Smith
Smith has 25 years of senior sales management and enterprise software experience. As Vice President, Sales he is responsible for building and managing the sales team for Cadec. He was previously with Infor Global Solutions (formerly Geac) for 10 years in a series of increasingly senior sales management roles, most recently as Vice President, Sales and Business Development for the AMSI division. In that role, he helped transform the division into a strong company contributor of increased revenue and profitability. He also re-organized and expanded the direct sales team and channel organization. Prior to Infor, Smith spent 15 years with or as a reseller of Remanco Systems (acquired by Geac), a point-of-sale and enterprise software provider to the hospitality industry. At Remanco, Smith served as Vice President, Sales prior to forming his own successful sales and service business as Remanco's authorized reseller in the New York metropolitan area. Smith attended Montclair State University and is a resident of Bedford, NH.

"Cadec offers the best of both worlds from my perspective: solid, proven products with the culture and aggressive mentality of an emerging growth company," noted Smith. "It's a great combination. I'm looking forward to bringing my enterprise software experience to Cadec, building up the sales team and helping to drive profitable growth."

About Cadec
Cadec Global enables mobile asset optimization, process automation and operations visibility through driver-centric fleet management solutions. With over 30 years of innovation and experience in the trucking industry, Cadec enables transportation and distribution managers, fleet and logistics experts and business executives to reduce costs, enhance customer service, enforce compliance and safety regulations, and improve driver productivity. Cadec's marquis customer list includes market-leading private and for-hire fleets across multiple industries throughout North America.

SOURCE: Cadec Global