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News Thomas Becomes VP & GM Software Business Group Nashville , TN., July 19, 2006 – Mr. Ward Thomas has been named Vice President and General Manager of the VEXTEC Software Business Group. Based in San Francisco and Nashville, Mr. Thomas will direct the commercial licensing of DCRM software and associated consulting services under a new business-process re-engineering practice based on product reliability and cost forecasting. “Ward Thomas will drive our emerging enterprise PLM software to market,” states Mr. Loren Nasser, VEXTEC CEO. “He is a key addition to the VEXTEC team and will further accelerate VEXTEC’s current double-digit growth rate.” Mr. Thomas founded Team Corporation, which was sold to Cadence Design Systems in the mid nineties. He served as General Manager of the Cadence OrCad Division until the late nineties when he joined Aspect Development which was shortly thereafter sold to i2 Technologies under a $9.2 Billion stock swap. Ward became Global VP Field Operations for i2 Content until 2002, when he collaborated to form Titan Ventures, a venture capital investment firm located in Dallas, San Jose, and Toronto. Mr. Thomas has a BA in Business and Political Science, as well as an MBA from University of Western Ontario – Richard Ivy School. About VEXTEC: VEXTEC Corporation is a privately-owned software, consulting, and services company headquartered in Nashville, Tennessee. VEXTEC has a comprehensive staff of engineering, scientific, and software development and business application specialists. VEXTEC has company representatives in San Francisco, California; New Orleans, Louisiana; Detroit, Michigan; and Dayton, Ohio. Product reliability influences every aspect of the corporate structure –from design and customer perception to marketing, finance, procurement, and operations. Yet reliability responsibility is usually delegated to specialty units stove-piped within large corporate organizations. The expectations are high but it’s impossible for isolated specialty groups to oversee, understand, and react to all the organizational business decision making assigned to them. This is impractical given the pace of individual decision making. VEXTEC has developed a family of products that work together through an enterprise framework called Desktop Computational Reliability Modeling (DCRM). DCRM provides a new level of insight about product performance that is missing within the existing PLM software space. Through DCRM, those organizations adopting the new reliability centric mindset will relegate the others to non-competitive threats of the past.
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