Company Logo Wednesday, December 01, 2004

Ray Simonson Joins Software Innovation

Toronto, Ontario - December 1, 2004 - Software Innovation today announced that Ray Simonson has joined the organization as Chief Technology Officer (CTO). Ray brings a deep technology expertise in enterprise development with a proven serial entrepreneurial approach. Ray’s skills will complement the existing strengths of the management team in developing, managing and growing mid stage technology firms.

Ray is a seasoned CTO and entrepreneur with a 27-year of track record of success in mission critical enterprise technology. Most recently, Ray was Senior Vice President and Chief Technology Officer of CheckFree i-Solutions from 2000 to 2004. From 1996 to 2000, as Chief Technology Officer, he co-founded Bluegill Technologies and assembled and led the development of the first XML-based internet billing application. The market success of this product led to the $250 million acquisition of Bluegill by CheckFree.

Prior to his experience with Bluegill and CheckFree, Ray was in a series of senior roles focused on delivering mission critical IT systems primarily in insurance-related financial services, with a deep expertise in enterprise content management and web application development.

“Ray brings a long-term commitment to SI and will be investing both time and capital into the organization,” says Randall Howard President & CEO. “In addition to rounding out the management team’s skill set, Ray’s industry leadership in developing and deploying mission critical enterprise software will fill a key need in executing the go-to-market at Software Innovation.”

About Software Innovation
Software Innovation is the developer of Coreworx(tm) solutions, providing secure global worksharing to support the entire lifecycle of large capital projects. These integrated solutions help enhance capital projects by dramatically reducing costs, reducing project timelines, and by mitigating legal and financial risks. The company also delivers tailored technology solutions for clients in a variety of vertical markets, based on project collaboration, document management and customer relationship management technologies. Founded in 1997, Software Innovation Inc. is based in Toronto, Canada and services clients throughout North America and around the world.

linkback: http://www.softinn.com/news_pr_2004_12_01.asp

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