Sriram Palghat to Become Senior Vice President of Technology at AssetNation

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AssetNation Management Team Strengthened By Award-Winning Technologist

AssetNation
I am pleased that Sriram is joining our team. He will be responsible for maintaining the AssetNation technology platform which today handles over $100,000,000 in gross transaction volume annually.

AssetNation, the leading network provider of marketplaces for both surplus and salvage assets announced today that Sriram Palghat has joined the company as Senior Vice President of Technology.

A seasoned and accomplished technologist, Palghat will lead the company’s technology efforts and build upon the success of AssetNation’s innovative AMP commerce platform supporting over 100,000 buyers and sellers worldwide across key industries such as Agriculture, Construction, Energy, Fleet and Distribution, Insurance and Government.

“AssetNation is changing the way commerce is conducted for the secondary markets and I am pleased to join the company and contribute to its continued success. I look forward to driving the company’s ambitious technology agenda across a host of initiatives aimed at improving both the buyer and seller experience across all of our marketplaces,” said Palghat.

Prior to joining AssetNation, Palghat was a technology leader at CVS-CareMark – one of the largest pharmacy healthcare providers in the US – where he spearheaded the company’s Rx Specialty platform program for the Specialty Pharmacy Division. Prior to CVS, he was Director, Products & Solutions at SEEC (acquired by Polaris Software) where he led the design and development efforts for the company’s award winning (IBM Beacon Award finalist) Service Oriented Architecture component library for the Financial Services industry. Prior to SEEC, he was a Senior Application Engineer for Asera; a pioneer in the demand chain and e-commerce infrastructure space focused on enabling the real-time enterprise.

“I am pleased that Sriram is joining our team. He will be responsible for maintaining the AssetNation technology platform which today handles over $100,000,000 in gross transaction volume annually and ensures that every transaction is executed cleanly for our sellers, buyers and private label partners,” said Dave Dawson, Chief Executive Officer of AssetNation. “His deep e-commerce experience will enable us to rapidly grow our leadership position in the market.”

About AssetNation AssetNation is changing the way commerce is conducted for surplus, end of life, and salvage assets. By combining best-in-class commerce technology, expert services, and a family of global online marketplaces, AssetNation delivers comprehensive and high value-recovery and salvage solutions for buyers and sellers alike.

AssetNation is headquartered in Houston, with offices in Pittsburgh, Mexico City, and London. Visit us at http://www.assetnation.com to learn more.

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Gregg Groenemann
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