|[June 11, 2013]
Lavante Inc. Announces New CEO, Sam Klepper, Former Executive with Intuit, Microsoft, and eMeter
SAN JOSE, Calif. --(Business Wire)--
Lavante, the leading provider of cloud-based recovery auditing and
supplier information management (SIM) software for Fortune 1000
companies, announced today that Sam Klepper has joined as CEO. Klepper
has an exceptional track record of creating and commercializing
game-changing software products that drive growth and customer success
at tech companies including Intuit (News - Alert), Microsoft and eMeter.
"Lavante has an enormous market opportunity," said Sam Klepper. "The
founders and management team have redefined the supplier information
management space and in the process created a Who's Who list of
corporate customers. Lavante SIM is the first product to target the
finance team and focus on the supplier organization rather than the
transaction. The result is a new way to easily onboard, maintain and
communicate with vast supplier communities, driving down operational
costs, enhancing compliance and recovering credits."
"Sam's arrival signals that Lavante is ready to move to the next level
in the supplier information management space," said Andreas Weiskam,
Managing Director of SAP (News - Alert) Ventures, an investor since 2010. "Lavante has
the product, momentum and leadership to capture significant share in the
With Klepper's arrival, founder and former CEO Joe Flynn, a veteran of
the supply chain and finance domains, becomes Chief Strategy Officer and
will work closely with customers and partners. "Sam is the perfect
catalyst to accelerate the momentum we are already enjoying at Lavante,"
Flynn said. "We look forward to a bright future under his leadership."
Prior to joining Lavante, Klepper was GM and then interim CEO at smart
grid software leader, eMeter, and General Manager at Microsoft (News - Alert) for a
$500m division of MSN. He also was an early employee of Intuit and
co-invented the QuickBooks product line. Klepper has a BA from
Harvard University and an MBA from Harvard Business School.
Klepper joins Lavante during an active quarter that has yielded new
customers across multiple industry segments as well as new product
functionality across both Recovery and SIM product lines. The company
delivered advanced reporting capabilities earlier this month to give
customers additional insights into their supplier population.
Lavante is the leader in on-demand supplier management solutions,
audit and supplier
information management applications. Built with advanced,
patented-pending technology, Lavante delivers to the financial arena a
new standard in efficient technology-driven solutions that allow
companies to quickly drive dollars to the bottom line, improve supplier
communications, and assure high supplier data quality. Lavante solutions
are deployed across Fortune 1000 enterprises including the hospitality,
retail, entertainment, manufacturing, and medical industries.
Headquartered in San Jose, California, Lavante is privately held and was
founded in 2001. For more information please visit www.lavante.com.
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