VISTAGY Expands Executive Management Team to Capitalize on Strong Global Revenue Growth |
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VISTAGY Inc.
200 Fifth Avenue 5th Floor
Waltham, MA, 02451
USA
Press release date: June 14, 2006
Ed Bernardon appointed to lead company's business development effort; Mel Passarelli hired as vice president of worldwide sales to lead and grow global sales team
WALTHAM, Mass. (USA), June 14, 2006 -VISTAGY, Inc., a leading global provider of specialized engineering software, today announced two executive personnel appointments to help the company capitalize on its record multimillion-dollar revenue growth and global market opportunities.
Mr. Ed Bernardon has been appointed to the newly established position of vice president of business development. He will lead the company's evolving business efforts to partner with the world's leading aerospace, automotive, marine and medical equipment manufacturers to identify new product opportunities, as well as position and launch newly-developed specialized engineering software. In addition, the company has hired Mr. Mel Passarelli as vice president of worldwide sales to lead and grow its global sales team and further penetrate product design and manufacturing organizations throughout Europe, North America and the Asia Pacific region.
Mr. Bernardon was previously vice president of sales for VISTAGY. During his tenure, he drove the sales of products and services, resulting in a compound annual growth rate of 28% over the past seven years. He also played an instrumental role in identifying and launching new products. As vice president of business development, he will leverage this expertise and work with team members from across the company to initiate new global market opportunities, and position and launch specialized software solutions powered by VISTAGY's unique EnCapta® technology.
"VISTAGY has historically done a great job of recognizing growth opportunities. In order to exploit these opportunities, we need to introduce new software applications to the market that solve specific, complex design and manufacturing problems," said Mr. Bernardon. "With our business development organization, we will more efficiently bring new software solutions to the market to help our customers develop products more quickly and cost-effectively than ever before."
Mr. Passarelli will apply his experience and strong track record of building international sales organizations to grow VISTAGY's sales staff and further penetrate new global markets. He has worked in the engineering and enterprise software industry for more than fifteen years. He was most recently vice president of sales at Aspect Software, Inc. Other highlights of his experience include his role as senior sales leader at Intergraph Corporation, a publicly-traded, former Fortune 500 company, and for helping several Boston-area software companies, both public and private, achieve strong sales success and growth. Mr. Passarelli holds a BA and MBA from the State University of New York in Buffalo, and a Juris Doctorate from Suffolk University School of Law in Boston.
"I joined VISTAGY because the company is growing so quickly and employs a world-class sales organization that has a proven history of capitalizing on its many global market opportunities," said Mr. Passarelli. "VISTAGY's expansion is unlike anything I've seen in other software companies recently. I'm looking forward to helping VISTAGY break into new markets that need our unique products to help engineers realize their design goals. I'm extremely happy to be part of such a progressive organization."
"The executive management team has set some aggressive sales and new product goals for our company. Having Mel and Ed in these new roles gives us the best chance to succeed and achieve these goals," said Steve Luby, president and CEO at VISTAGY. "This is an exciting time for VISTAGY as we continue to add talented people to our sales team and across the company. With new software offerings being developed in the coming months, I am confident that Mel, Ed and their teams will continue to drive VISTAGY to the forefront of the product development community."
About VISTAGY, Inc.
VISTAGY, Inc. develops engineering software that provides specialized functionality to significantly improve the value of commercial 3D CAD systems. VISTAGY's specialized engineering environments enable engineers to capture and communicate complete digital product definitions within CAD, thereby increasing productivity, improving the communication of product information throughout the product lifecycle, and allowing better-informed decision-making early in design. VISTAGY software is used throughout the world in the aerospace, automotive, marine, medical, sporting goods, and transportation interiors industries. The company also offers training and consulting services. For more information, contact VISTAGY in Waltham, Massachusetts, USA, at +1.781.250.6868 or visit www.vistagy.com.
Michael Antonellis Corporate Communications Manager VISTAGY, Inc. +1.781.250.6895 michael.antonellis@vistagy.com
Nick O'Donohoe Parker Group, Inc. +1.401.272.1510 nicko@parkergroup.com
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