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Press ReleasesFrom the vault of Vendormate
Vendormate Accepted into the Advanced Technology Development Center, Joined by Three New Executives
March 16, 2006 - The Advanced Technology Development Center (ATDC) last week announced that it has accepted Atlanta-based Vendormate into its acclaimed incubator program.
Just over a year old, Vendormate has spent recent months growing its sales funnel and further adding to its flagship Vision business-credentialing product. Vendormate CEO Andy Monin, previously a founder of ATDC-member BroadSource, Inc., noted, "It's exciting for us to now be a part of a community of so many like-minded companies all in a similar stage of corporate development as Vendormate."
As part of its membership, the company plans to move into offices within ATDC's Midtown Atlanta building. Noted Vice President of Sales Andrew Somoza, "There is a buzz in the building you just can't find anywhere else. These are entrepreneurs and business people who have taken a similar leap of faith to make an idea a reality."
Indeed, sensing the promise of the company, three new executives have recently joined Vendormate: Bill Hayes as Vice President of Operations, Gopal Koratana as Vice President of Technology and Software Development, and Ed Zunzunegui as Director of Operations. "With the recent additions of Bill, Gopal, and Ed and our entrance into the ATDC, Vendormate is well positioned to further define ourselves as the frontrunner in our growing industry," added Monin.
Biographies
Bill Hayes, Vice President of Operations
Bill Hayes brings with him over 15 years of management, consulting, and information-technology experience including founding Cadence Solutions, a general management-consulting firm with a strong technology focus. Prior to Cadence, Mr. Hayes served as Vice President of Information Technology for Lend Lease Real Estate Investments, a $6 billion real estate solutions and investment management company operating in 41 countries. In addition, Mr. Hayes served nearly 4 years with Andersen Consulting as a Senior Consultant. Mr. Hayes attended Michigan State University where he graduated with highest honors and received a BA in Financial Administration.
Gopal Koratana, Vice President of Technology and Software Development
Most recently a Senior Software Architect at Manheim Auctions, Mr. Koratana brings nearly 12 years of application-development experience to Vendormate. At Manheim, he was responsible for the design and development of the Tracker Dealer Management System, which manages the auction operations of over 34,000 car dealerships across the United States. Prior to Manheim, Mr. Koratana held several positions with various companies including General Electric Transportation Systems and UPS Logistics. Mr. Koratana holds a Bachelors of Engineering in Electrical Engineering from Nagpur University, India and a Masters of Technology in Electrical Engineering (Energy Systems) from the Indian Institute Of Technology, Madras, India.
Ed Zunzunegui, Director of Operations
A 15-year consulting and project management veteran, Mr. Zunzunegui has in recent years worked in operations for various companies including Borland Software, Deloitte Consulting, and Lexmark. Mr. Zunzunegui is a graduate of the Georgia Institute of Technology with a Bachelors of Industrial Engineering.
About Vendormate, Inc.
Atlanta-based Vendormate provides technology and compliance-monitoring services to assist companies as they manage their vendor relationships. Through its patent-pending Vision process, Vendormate provides a streamlined private-labeled solution for customers to manage the composition and risk of their supplier-base with very little impact to their budget. Vision's standardized system of vendor registration, screening, rating, and cataloging is uniquely suited to satisfy both internal qualification tasks and government mandates including HIPAA and Sarbanes-Oxley.
About the Advanced Technology Development Center
Georgia Tech's Advanced Technology Development Center is a nationally recognized science and technology incubator that helps Georgia entrepreneurs launch and build successful companies, providing strategic business advice and connecting its member companies to the people and resources they need to succeed. More than 100 companies have emerged from the ATDC, including publicly-traded firms such as MindSpring Enterprises - now part of EarthLink. Headquartered at the Georgia Institute of Technology, ATDC has been recognized by Inc. Magazine as one of the nation's top nonprofit incubators. ATDC was formed in 1980 to stimulate growth in Georgia's technology business base, and now has locations in Atlanta, Columbus, Savannah and Warner Robins.
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