People Business Network, Inc (PBN) Announces New President and Chief Executive Officer

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Software industry veteran Chirag Patel named President and CEO of People Business Network (PBN) to drive company into leadership position in high-growth human capital management (HCM) segment.

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People Business Network, Inc. (PBN), an on-demand Human Capital Analytics and decision support software services provider, today announced the appointment of Chirag Patel as President and Chief Executive Officer. Patel has held senior leadership positions at PBN for the past year as Vice Chairman leading product development, sales, and marketing. The appointment to CEO will allow him to drive business relationships, lead product innovations, and further its already impressive customer list.

Prior to joining PBN, Patel was President and CEO of Diligent Solutions. Before Diligent, he helped launch 12 Entrepreneuring, a Venture Capital firm, was a member of the Viant leadership team, a Managing Principal with Oracle Corporation’s Capital Markets business and Vice President of Debt Capital Markets with Merrill Lynch. Patel began his career with IBM as part of the commercial software group. Patel’s leadership and diverse industry experience and operational background are critical to delivering new innovation and growth for the company.

“I am absolutely excited about the transformation that is occurring in the Human Capital industry,” said Chirag Patel. “There is an untapped opportunity for innovative solution providers to help turn HR into a strategic data-driven function and to help senior executives and HR leaders get better control and visibility of their most expensive and valued asset -- their workforce. PBN is a proven leader in delivering on-demand decision support and analytics solutions and I am delighted to have the opportunity to lead the next stage of growth for the company.”

Patel also joins the PBN Board of Directors along side Russell Clarke, the founder and former CEO of PBN, and Venetia Kontogouris, Managing Partner of Trident Capital, the lead investor in PBN.

“Chirag is more than a senior leader in providing strategic oversight to a business,” said Russell Clarke, founder of PBN. “He is a business builder who brings his experiences from other industries to help shape business models and accelerate growth. This transition will benefit our customers as we deliver more innovation to our Fortune 500 relationships; it will benefit our employees, as they receive additional responsibilities and challenges; and it will benefit our investors as we capitalize on our unique market position.”

“Trident Capital invests in information technology companies focused on delivering value to fast growing industries that are going through massive transformation,” said Venetia Kontogouris of Trident Capital. “PBN has already shown success with Fortune 500 customers, and will further its product capabilities with upcoming, innovative releases. The appointment of Chirag to CEO will accelerate the company’s success. He has demonstrated his leadership abilities in past Trident Capital investments and we are truly excited about his leadership role at PBN.”

About PBN

People Business Network, Inc.(PBN), headquartered in Liberty Corner, NJ, focused in the workforce management solutions market delivers innovative on-demand Human Capital Analytics and Decision Support software services that help companies make critical talent retention, redeployment and separation decisions, and support their real-time workforce analysis needs. PBN’s list of Fortune 500 Clients use these solutions to support their Talent Management strategies, manage the risk of workforce events caused by M&A’s and restructurings, and create transparency into key compliance, financial and talent metrics.

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