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EMPTORIS APPOINTS JONATHAN MARK TO ITS ADVISORY BOARD
Burlington,
Mass., July 2, 2002 - Emptoris,
Inc., a leading provider of collaborative strategic sourcing solutions,
today announced that it has named Jonathan Mark, currently President
of Sentinel Investments, LLC, an investment and advisory firm,
to the company's advisory board. In this role, Mark will assist
Emptoris in evaluating potential new markets and industries ready
for adoption of the company's collaborative sourcing solutions.
Before
joining Sentinel Investments, Mark was a Senior Managing Director
of Castle Harlan, Inc., a private equity investment firm, serving
effectively as its Chief Investment Officer. In addition, he was
on the board of a number of Castle Harlan portfolio companies.
Mark currently serves on the board of Network-1, a NASDAQ-traded,
software-based security company. Previously, he was a Director
of Bain & Company in Boston, and a member of Bain's Investment
Committee, initiating and leading Bain's East Coast Private Equity
Group. Prior to that, he headed Bain's Worldwide Consumer Products
Practice. While working with some of the USA's leading manufacturing
corporations over a ten year period, Mark helped to develop the
strategic insights that guided Bain's Procurement Practice.
"Jonathan
brings a great deal of investment and consulting experience that
will help Emptoris explore new business opportunities in order
to expand the company's growing market share," said Avner
Schneur, president and CEO of Emptoris. "His extensive industry
knowledge and his previous work in the manufacturing sector will
be a great asset to Emptoris as we continue to execute on our
growth initiatives."
"I
am excited to work with Emptoris as a member of the company's
advisory board," said Mark. "Through industry-leading
technology Emptoris is helping large enterprises across a wide
range of industries to experience substantial cost savings and
reduce sourcing cycles. I look forward to lending the expertise
and knowledge I've gathered to help Emptoris meet its business
objectives."
About
Emptoris
Emptoris is a leading provider of collaborative sourcing solutions
that support the end-to-end strategic sourcing needs of Global
5000 companies. By implementing Emptoris' ePASS, a portfolio of
Web-based collaborative sourcing solutions, enterprises can streamline
the strategic sourcing process, determine the optimal allocation
of business among suppliers and forge tighter supplier relationships.
Key benefits include lower costs, shorter sourcing cycles and
improved buyer/supplier collaboration. Emptoris, a privately held
company, is headquartered in Burlington, Massachusetts.
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