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DALLAS, TX, June 15, 2010 /24-7PressRelease/ -- River Logic, Inc., a leading provider of corporate performance management and predictive modeling software, today announced that Andre M. Boisvert was appointed to the company's board of directors as Vice Chairman.
"Andre brings a wealth of knowledge and over 30 years' experience in the technology field to River Logic. He has held executive positions in some of the most respected software companies in the industry, and his pioneering spirit has helped him build and transform companies such as SAS Institute, Inc., the world's largest privately-held software company with revenues exceeding $2 billion annually, and Pentaho Corporation, the provider of the world's most popular commercial open source business intelligence platform," stated Kevin Howe, CEO of River Logic. "We are fortunate to have Andre join us as a strategic advisor and as a director. Andre is a proven leader in the technology field; he'll be a tremendous addition to the company."
Boisvert started his career with IBM in 1976 where he spent 13 years. While at IBM, he held senior management positions in sales, marketing, and Research & Development. After leaving IBM, he held executive positions at Cognos Corporation and Oracle Corporation where he was Senior Vice President of Worldwide Marketing and a member of Oracle's Management committee.
In 2000, Boisvert was recruited as President and COO of SAS Institute and tasked with the mission of taking the company public. When the plans for an IPO were abandoned, he followed one of SAS' investments and became Chairman and CEO of Sagent Technologies, Inc. (NASDAQ: SGNT). In April of 2004, Boisvert successfully completed the sale of Sagent Technologies to Group 1 Software, Inc. (NASDAQ:GSOF).
From March 2002 to December 2006, Boisvert served as a director of VA Software (NASDAQ:LNUX), the creator and owner of SourceForge, the largest worldwide repository of open source projects. During his term at VA Software, he developed a wealth of knowledge about open source projects and their applicability to solving real world problems, which previously had been exclusively addressed through expensive proprietary software.
This experience led Boisvert to co-founding Pentaho Corporation in October of 2004. Later he went on to invest and serve as an advisor/director of several other leading commercial open source companies, Compiere, Inc. (ERP & CRM), Zenoss, Inc. (systems management), and Infobright (data warehousing).
Boisvet is also Chairman of Palamida Corporation, the leader in Software Composition Analysis for intellectual property & security risk management, and Chairman of UBmatrix Inc., the creator of XBRL (eXtensible Business Reporting Language). Additionally, he is a director of Swiss-based Odyssey Financial Technologies, Inc., which makes software for the private banking and wealth management industry.
"Strategic business planning is at the threshold of a prodigious transformation, and River Logic plays a unique role in shaping the impact that planning technology has on corporate enterprises," stated Boisvert. "I'm excited and eager to join River Logic's board at this point in their history."
About River Logic
Based in Dallas, Texas, River Logic provides corporate performance management and predictive modeling software solutions. River Logic's Enterprise Optimizer (EO), an advanced planning platform, supports Integrated Business Planner for consumer goods companies modeling financial, operational, and marketing constraints and assumptions to determine policy decisions; Trade Promotion Optimization Planner for consumer goods companies to improve the return on investment of trade dollars at the strategic and planning levels; and Integrated Delivery System Planner for physician-driven hospital performance management. River Logic also partners with leading solutions providers in their respective industries and areas of expertise to create and deliver innovative solutions built on the EO platform, making true enterprise-wide decision-making a reality. For more information, visit www.riverlogic.com.
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