Digital Paper Bolsters Senior Management Team
11 April 2000
Digital Paper Bolsters Senior Management Team With the Appointment of Anthony P. Cook as Vice President of Marketing
ALEXANDRIA, Va.--April 11, 2000--experience to the leading provider of B2B digital document
distribution solutions
Digital Paper Corporation, a leading provider of Internet-based B2B digital document distribution solutions, announced today that Anthony P. Cook has joined the company as vice president of marketing. He will oversee all aspects of Digital Paper's marketing communications, product marketing and product management operations.
"Tony brings Digital Paper precisely the kind of broad marketing experience the company needs to maximize the reach of its brands," said John C. Cronin III, president and chief executive officer of Digital Paper. "We see his expertise as invaluable as we move to raise our industry profile, launch a range of new products and forge partnerships into the business-to-business collaborative commerce sector."
"Digital Paper offers intuitive and innovative answers for companies who need to share mission-critical technical documents throughout the procurement and production processes. Those solutions are already enhancing business processes for companies like Ford, Boeing, Suppliermarket.com, General Electric and Lockheed Martin," Cook said. "I look forward to helping make Digital Paper's solutions indispensable."
Digital Paper is poised to leverage the explosive growth in global business-to-business electronic commerce by streamlining the way industries work with crucial technical documents and simplifying e-commerce transactions. Digital Paper's solutions are cost-effective and produce immediate, measurable return on investment for customers.
Several recent analyses clearly define Digital Paper's potential market:
- The Hackett Group says as much as 70 percent of a typical
manufacturing company's top-line revenue is expended on
purchased goods and services. That means even a small
percentage savings can dramatically affect bottom line and
shareholder value. For a billion-dollar firm, finding ways to
boost procurement's spending effectiveness just 2 percent
could mean an increase of $100 million.
- IDC forecasts that the Internet procurement market alone will
grow at an astounding rate: from $147 million in 1998 to $5.34
billion in 2003.
- Gartner Group sets the market for electronic document
technologies at $22.75 billion this year, and predicts that it
will grow to $41.4 billion by 2003.
About Anthony P. Cook
Cook brings more than 20 years of successful experience heading the marketing programs of industry-leading software companies. Before joining Digital Paper, Cook was vice president of marketing for Treev, Inc., a $30 million provider of integrated Internet content management solutions, where he launched new company and product strategies with supporting marketing initiatives. Previously, he was vice president of marketing for QuadraMed Corporation, a $160 million healthcare IT solutions company, where he drove new strategic and tactical branding programs for the company's enterprise products. He has also served in a senior marketing management position with SAGA Software, a $250 million worldwide vendor of enterprise application integration software products, where he proved instrumental to leading the company through its successful IPO. Cook has also held various marketing and sales management positions with Unisys Corporation.
About Digital Paper
Headquartered in Alexandria, Va., Digital Paper is a privately held company that delivers Web-based digital document distribution solutions that enable e-business in organizations where technical documents are critical to successful, efficient operations. With over 150 customers such as Lucent Technologies, General Motors, Nissan, Starbucks, and Delphi in 18 countries worldwide, Digital Paper has seen its solutions implemented by 50 percent of the Fortune 100 discrete manufacturers as well as leading utilities, mapping, facilities management and government organizations. Strategic business partners include Xerox Engineering Systems, UPS and Suppliermarket.com. The company's equity funding comes from Columbia Capital, Edison Venture Fund and Longworth Venture Partners. Digital Paper has twice been voted one of the Washington area's "Top 50 Companies to Watch" by dbusiness.com. For additional information about Digital Paper's products and services, please call 703-740-1100 or visit Digital Paper's Web site at www.digitalpaper.com.
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