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Linda Hayes Appointed Chief Executive Officer of Andale Seasoned industry veteran named to top position of hot online commerce tool provider MOUNTAIN VIEW, CA, -- May 18, 2004 - Andale, Inc. (app.vendio.com),the largest provider of analytics and auction automation for online sellers, announced that it has named Linda Hayes President and Chief Executive Officer. Linda succeeds Munjal Shah, co-founder of Andale and President and CEO since the Company was founded in 1999. Shah will remain on the Board of Directors, and will devote more time to his new entrepreneurial ventures. Ms. Hayes has been with Andale since mid 2000 and has been Chief Operating Officer since 2001. As COO, Hayes managed product strategy, sales and marketing and was instrumental in driving the Company's revenue growth. In addition, she also spearheaded all aspects of the Company's corporate communications efforts, including overall vision and strategy. During her tenure as COO, Andale's revenues and user base have grown substantially. Previously, Ms. Hayes was Chief Marketing Officer and Senior Vice President of Marketing for General Magic, where she led all marketing and product efforts. In addition, she was responsible for running General Magic's myTalk Internet service, which PC Computing voted as one of the top three websites of 1999 (along with Yahoo). Hayes was also Vice President of Marketing and Product Management for Pretty Good Privacy (PGP), an encryption company purchased by Network Associates in 1997. Hayes has held several other executive positions with such companies as Novell, Zenith Data Systems, and Motorola. "Over the past 5 years, Munjal has helped Andale build a strong foundation in a very exciting space. The Company has benefited from his product vision and leadership," said Linda Hayes, President and CEO of Andale. "We now have more than 1.5 million customers worldwide, and we're moving into the expansion phase of the business. The skills and enthusiasm of the Andale team, coupled with a great market space, bodes well for the Company as I take on this position." "It was five years ago that a group of us started Andale and having not only survived, but built a profitable company through the dotcom boom and bust. I am proud of our achievements at Andale, but I am now ready to move on to new opportunities," said Munjal Shah. "I have no doubt that Linda will continue to build on Andale's success and strengthen its position in the marketplace." "I have been, and continue to be, impressed with Linda. Her strong business background, understanding of Andale's business and her customer focus make her the perfect fit for this role," said Theresia Gouw Ranzetta, General Partner at Accel Partners and member of Andale's Board of Directors. "Munjal has done an outstanding job of growing Andale from its inception to a profitable company. The Board of Directors believes that Linda has the skill set and experience needed to take the business to the next level." About Andale Sales Contact: Copyright 2005 Andale, Inc. |
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