Quivox Systems Hires CEO to Lead Post-Merger Sales and Marketing
7 December 2000
Quivox Systems Hires CEO to Lead Post-Merger Sales and Marketing
LOS ANGELES--Dec. 7, 2000--Quivox Systems Inc., a developer of software solutions for the insurance and collision repair industry, announced the appointment of Alex Cory to the post of chief executive officer.Cory will lead Quivox in the initial sales and marketing of its two core products, eDocExpress and eShopScheduler, as well as the development of additional product lines.
Cory joins Quivox from Cargill, a large, privately held company with $46 billion in revenues from a variety of independent business units in global food processing, agribusiness, commodity trading and financial services. During Cory's 8-year tenure at Cargill, he held a variety of general management and senior executive positions that included running a $450 million business with 550 employees, and building a new business that creates a biotechnology network, world-class R&D capabilities, low-cost production, and global, sales and service capabilities. Prior to joining Cargill, Cory was a management consultant for 7 years at McKinsey & Co.
"Alex's success and experience in launching and running major business units at Cargill, and commercializing new technologies there, will be significant assets to Quivox," remarked Robert Taylor, managing director at Blue Capital and chairman of the board at Quivox. "We worked with him extensively at McKinsey, and know that he has the strategic vision and entrepreneurial drive to lead this team of industry experts through its next important phase of growth."
Cory joins Quivox as it brings to market its first commercial product, eDocExpress. eDocExpress incorporates CIECA (Collision Industry Electronic Commerce Association) industry standards to provide insurers, their staff and their trading partners with instant, online access to a broad array of information on any line of insurance coverage involved in any individual claim. Quivox is currently piloting and will be getting ready to commercialize eShopScheduler, the industry's first fully automated collision repair production scheduler.
Quivox also announced the appointment of Robert Franzetta as the director of finance. Franzetta's 10 years of diversified financial experience spans a range of companies, from start-ups to the Fortune 100. He has led finance teams through mergers and S-1 filings, as well as implementing cash management procedures to maximize shareholder value. Franzetta will immediately focus on managing the proceeds of the company's most recent funding round.
About Quivox Systems
Quivox Systems Inc. was formed last September through the merger of Dais Inc. and SmallHill Inc. Quivox offers Internet-enabled, browser-based, business-to-business software to insurance companies, collision repair shops, and other trading partners (e.g., rental car companies, residential contractors, and third-party adjusters). The company currently has headquarters at 1225 West 190th Street, Suite 250 in Gardena, Calif., and may be reached by calling Tom Keck at 212/284-9906, or via its Web site at www.quivox.com.
Quivox Systems' lead investor is Blue Capital Management, a private equity investment firm founded by former McKinsey & Co. principals with more than 50 years of experience helping companies develop and execute winning strategies. Other investors include Fenway Partners, a leading private equity investor with an investment pool of $1.4 billion, and Chase Capital Partners, a global partnership with over $20 billion of capital under management.