Agiliance Names Joe Fantuzzi Chief Executive Officer
Proven Workshare, KANA, Autodesk and Macromedia Executive Selected
to Accelerate Market Traction and Global Reach
San Jose, Calif. January 7, 2010 – Agiliance Inc., the leading independent provider of integrated Governance, Risk and Compliance (GRC) solutions, today announced the appointment of Joe Fantuzzi as President, Chief Executive Officer, and member of the Board of Directors. A proven industry executive, Fantuzzi has repeatedly driven high revenue growth, customer satisfaction and shareholder success as CEO of Workshare, Liquid Engines and NetDialog, while helping Autodesk, Macromedia and Interleaf diversify and achieve successful initial public offerings. He succeeds Mark Lockareff, who served as the company's interim CEO during most of 2009. Lockareff, who took Agiliance to record revenue over the past year, remains with the company as a member of its advisory board.
With nearly 25 years of experience, Joe Fantuzzi has demonstrated the ability to establish companies as industry leaders in competitive markets. Fantuzzi's focus on building teams that solve business challenges using a customer focused and partner friendly approach has proven an effective formula in acceleration brands, market traction, and customer acquisition for organizations under his management.
"With his extensive knowledge and experience in enterprise software, Joe Fantuzzi is the right leader to take Agiliance to the next level. We couldn't be happier to have him, and look forward to great things under his leadership," said Pravin Kothari, Founder and Chief Technology Officer. "Mark Lockareff did a wonderful job for Agiliance in a very tough economic climate, from achieving record revenue to overseeing continued product innovations. We thank him for his distinguished service as our interim CEO, and for leading an exhaustive executive search to provide Agiliance with the ideal leader going forward."
Fantuzzi, formerly chief executive officer of content security leader Workshare, joins Agiliance after an impressive track record of success in building enterprise software businesses. While at Workshare, Fantuzzi grew sales over 400% by increasing the customer base from 3,500 to 11,000 across 65 countries, including 62% of the Global 1000. Prior to Workshare, Fantuzzi was CEO and Director of Liquid Engines, now part of Thomson Reuters (NYSE: TRI), where he led a business restructure, delivered a global tax and cashflow planning solution and drove Fortune 500 customer adoption together with top global accounting firms. Before Liquid Engines, Fantuzzi was CEO and Co-Founder of NetDialog, the first web-centric, CRM SaaS solution that sold to KANA for over $100m. Fantuzzi also held executive roles that resulted in diversification and growth at Autodesk (NASDAQ: ADSK) and IPOs at both Macromedia (NASDAQ: ADBE) and Interleaf (NASDAQ: BVSN).
"Agiliance has many things that I look for in a market leader: loyal customers, talented employees, proven executives, successful investors, game-changing products, prestigious partners, and strong business momentum," said Fantuzzi. "Our modern GRC platform and out-of-the-box application approach outpaces older customized approaches based on toolkits. As the leading independent GRC solution vendor, we are not tying our technology to any single security and infrastructure vendor. We are working with all leading technology providers to deliver integrated solutions that protect customers' security and IT investments and minimize total cost of ownership."
"From a venture investor's point of view, Agiliance has achieved tremendous business and technology milestones and is poised for explosive growth in a rapidly maturing market," said Mary Coleman of Walden International. "Joe brings a proven track record of scaling companies from early market leadership to the next level of broad market adoption. He will be a real asset to the company."
Agiliance (www.agiliance.com), founded in 2005, is a leading independent provider of enterprise Governance, Risk and Compliance (GRC) solutions. The Agiliance GRC solution enables organizations to manage their IT and operational risks more effectively, while reducing the cost of meeting compliance mandates. Agiliance RiskVisionTM is a fully integrated suite of GRC solutions, delivered on a purpose-built GRC technology platform. Global Fortune 5000 companies leverage Agiliance's award-winning technologies to address increasingly stringent GRC requirements and complex security threats. The Agiliance RiskVision platform offers an agile, modular approach to deploying GRC so that customers can meet mounting requirements. RiskVision has received the highest rating of "Strong Positive" in the latest Gartner MarketScope for IT-GRCM, as well as the highest rating of "Leader" in the latest Forrester Wave for IT Risk and Compliance Software. With strong backing from leading technology venture funds, Agiliance has established a premiere market position and has set a strong track record of production innovation in GRC.
Ventana Public Relations