Mark O’Connell Joins SupplyScape as Chief Executive Officer
Woburn, MA, September 6, 2007 - SupplyScape Corporation, the leading provider of software to maximize product integrity and create business value for pharmaceutical, biotech, medical device companies and their trading partners, today announced the appointment of Mark O'Connell to the position of President and Chief Executive Officer. O'Connell brings a depth of leadership experience spanning more than 25 years.
For the past 11 years, O'Connell served as CEO of MatrixOne, which was acquired last year by Dassault Systems. He led the company through two rounds of venture capital financing, an Initial Public Offering (IPO) in March of 2000, and the establishment of MatrixOne as the largest pure play in the Product Lifecycle Management (PLM) market. O'Connell led the growth in this global company to $145M in revenue, more than 850 customers, and more than 500 employees before it sold for $408M in 2006.
"SupplyScape is delivering critical solutions at a time consumers are increasingly concerned with the safety and integrity of the products they need such as pharmaceuticals," said O'Connell. "I'm delighted to join this talented team who, together with our customers, are transforming the integrity and safety of the pharmaceutical, biotechnology, and medical device marketplace."
"SupplyScape's customer base incorporates leaders from across the life sciences industry, including eight of the top ten pharmaceutical manufacturers and several of the leading pharmacy chains," added Shabbir Dahod, founder and chairman of SupplyScape. "As a validation of our strategy and product solutions, SupplyScape recently announced a 145 percent increase in sales year-over-year driven through significant growth across all market segments, including pharmaceutical and biotechnology manufacturing, pharmacy, and wholesale distribution. We are excited to welcome Mark and look forward to his leadership in accelerating the further expansion of the company."
About SupplyScape
SupplyScape Corporation is a leading provider of software and services that improve patient safety, increase value chain efficiency, and maximize revenue across the life sciences value chain. By creating On-Demand Value Networks, a real-time information network infrastructure for end-to-end value chain visibility and control, SupplyScape transforms the life sciences information network through its highly scalable product and transaction security platform. Pharmaceutical manufacturers, medical device makers, wholesale distributors, and pharmacies rely on SupplyScape On-Demand Value Networks to enhance regulatory compliance, product integrity, operational improvement, and financial performance within their value chains. For more information, visit www.supplyscape.com.
