Contact:
Ann Puckett
ROME Corporation
512.347.3200
press@romecorp.com
FOR IMMEDIATE RELEASE
ROME Corporation Announces President and CEO, Executive Appointments
ROME Corporation promotes David Achim to position of President & Chief Executive Officer to lead accelerated company growth.
Austin, Texas — September 5, 2006 —ROME Corporation, the leading provider of credit risk management solutions for the energy market, has announced the promotion of David C. Achim to the position of President and Chief Executive officer. Prior to the appointment Mr. Achim served as the company’s Executive Vice President and Chief Operating Officer since joining the company in March of 2005. He previously held key operational management positions over the last ten years at other successful software companies in key growth stages including Selectica, Vignette, and Epicentric.
“We believe the time is right after five consecutive quarters of strong sequential growth to promote David to President & CEO. His leadership as COO has helped to grow ROME into an Enterprise Risk Management company over the last 18 months. That solid execution makes him the natural choice to lead the company as CEO going forward.” said Steve Papermaster, Chairman of the Board of ROME Corporation. “We are confident that ROME is now well positioned in the emerging multi-billion dollar ERM market and we believe that David and the management team will rapidly enhance that position.”
“ROME has really grown over the last year with ten new customers and with the release last month of ROME CreditRisk 3.0, and we expect our customer base to continue to grow significantly. It is a pleasure to lead a great team that is committed to becoming a world class company,” said David Achim.
About ROME Corporation
ROME Corporation is the leading provider of enterprise risk management solutions for the energy marketplace. ROME’s suite of credit risk management products, ROME CreditRisk, ROME CreditScoring, ROME ContractManagement, and ROME DealValuation Engine, work together to help automate and streamline the processes for managing contracts, collateral, counterparties, credit scoring, and exposure. ROME delivers unprecedented visibility that allows energy leaders to turn risk into opportunity.
ROME solutions enable our customers to minimize risk while achieving greater efficiencies, increased liquidity and improved transparency. ROME Corporation is privately held, with investments from Azure Capital Partners and Powershift Ventures L.P. The company is based in Austin, Texas, with a sales and services office in Houston, and can be reached at 512-347-3200 or www.romecorp.com.
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