Vendavo Names Former Siebel Executive Skip Bacon to its Management Team

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As senior vice president of Pricing Solutions, Skip Bacon will lead Vendavo's global pricing science, business consulting and product management teams.

Vendavo, the leading provider of price management software, today announced the appointment of Skip Bacon as senior vice president of Pricing Solutions. In this role, he will lead the company's global pricing science, business consulting and product management teams. Mr. Bacon is a veteran of the enterprise software industry, with more than 16 years of experience in software companies, consulting firms and corporate information technology groups. He reports directly to Alan Crites, Vendavo's president and chief executive officer.

"I am delighted to welcome Skip to our executive team, and look forward to working closely with him," said Mr. Crites. "With his extensive experience in software and consulting, Skip is intimately familiar with the business, product and technology requirements of our complex, global customers. He brings a wealth of knowledge in building innovative market leading products that deliver value to customers, which will be invaluable in driving the ongoing growth of our company."

Prior to joining Vendavo, Mr. Bacon served as group vice president of Application Technology at Siebel Systems (now Oracle), the leading provider of enterprise CRM applications. In that role, he was responsible for Siebel's Enterprise CRM application platforms, which were deployed to more than 4,000 customers worldwide.

"I am really excited about joining Vendavo at a time when the company is experiencing rapid growth in its customer base," said Mr. Bacon. "Price and margin management has the potential to have a tremendous impact on a company's profitability. I am deeply committed to bringing solutions to market that help our customers take advantage of this opportunity."

Mr. Bacon holds a Bachelor of Arts degree from Johns Hopkins University, and attended the Program for Management Development at Harvard Business School.

About Vendavo

Vendavo delivers price and margin management software to business to business companies worldwide. The Vendavo suite includes comprehensive analysis, segmentation, optimization, price setting, deal execution and integration capabilities. Vendavo's customers improve their operating income by 1-3% of sales and span multiple industries, including high technology, chemicals, industrial manufacturing, consumer products, mill products and distribution. Headquartered in Palo Alto, California, with European headquarters in London, U.K., Vendavo is the price and margin management solution of choice at over 100 customer divisions worldwide. SAP, the world's leading provider of business software, with more than 33,200 customers in more than 120 countries, sources its SAP Price and Margin Management application from Vendavo.

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Carleen LeVasseur
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