International Profit Associates

FusionOps Inc. a market leader in lean material procurement and supplier
collaboration software, today announced the appointment of Shamik Mehta to
the position of Executive Vice-President, Business Development responsible
for strategic sales and market development.

Shamik is a seasoned executive with over 30 years of sales, marketing,
business development, general management, and technical experience in the
high tech industry. Prior to joining FusionOps, Shamik was a senior sales
executive and a member of the executive committee of TIBCO Finance
Technology where he played a key role in growing TIBCO from an early stage
start up to a publicly traded company. While at TIBCO, he established the
international market and grew it to 50% of the total revenue. Prior to
joining TIBCO, Shamik spent 13 years at Hewlett Packard, where he held key
positions in domestic, international and Industry marketing, Sales
Management and MIS management. He has also done a stint at EDS as a Systems
Engineer, developing applications for healthcare industry. Shamik holds MBA
from Miami University in Marketing and Quantitative Analysis and Bachelor of
Science degree in Chemical Engineering from the Indian Institute of
Technology.

"We are very excited to have Shamik join our executive team", said Ram
Mohan, CEO of FusionOps. "This has been a record breaking year for FusionOps
with major wins and large enterprise deployments. We expect Shamik to play a
key role in extending our market leadership and growing the company."

About FusionOps
FusionOps is a market leader in lean material procurement and supplier
collaboration software for manufacturing companies. FusionOps AMS goes far
beyond traditional EDI and SRM portals delivering faster material
responsiveness, enabling more control over materials costs and full process
compliance using simple business rules.

http://ipa-iba.com
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