CIMdata PLM Industry Summary Online Archive
15 January 2008
Company New
Centric Software Names Ray Hein Executive Vice President of Market Strategy and Business Development
Centric Software announced that Ray Hein has joined the company as executive vice president of market strategy and business development. Hein will leverage his deep domain expertise in Product Lifecycle Management (PLM) and broad industry relationships to propel Centric’s corporate strategy, marketing and strategic partnerships forward. The combination of Hein’s appointment and Centric’s $14.3 million series B financing are key building blocks for the company’s next phase of growth. (See separate press release: Centric Software Secures $14 Million Series B Financing – 01.15.08.)
"Ray Hein is widely recognized as an industry thought leader in collaborative PLM solutions and is a great addition to our management team,” said Chris Groves, president and CEO of Centric Software. “We are confident that Ray’s expertise will help us increase the market awareness and customer adoption of our PLM offerings, which are instrumental strategies to achieve our next phase of growth."
Hein brings 18 years of executive management experience to Centric Software. He spent the past decade at Agile Software, a leading PLM software company recently acquired by Oracle. While at Agile, Hein served as vice president of product strategy and vice president of product management. During his tenure at Agile, Hein played a key role in creating the company’s enterprise PLM strategy and market leadership by expanding into new industry verticals, developing strategic corporate partnerships and executing six merger acquisitions. Prior to Agile, Hein held various product management and product development positions at Micom, Micropolis Corporation and Storage Dimensions.
"This is an exciting time to join Centric Software to grow new markets with Centric’s unique solution set," said Hein. "In the near term, I will focus on expanding and refining our industry and product roadmaps for our current offerings. Developing key partner relationships and rounding out our go-to market strategy are also top priorities."
Centric offers unique PLM solutions for AFA and other fast-moving consumer industries. The company’s powerful Product Intelligence™ platform assures that everyone involved in the line planning, product design, sourcing and supply chain processes has secure access to the most up-to-date, comprehensive view of their products and product lines, operations execution and business performance. Unmatched data aggregation functionality within Centric’s solutions allow all information about the product—visual, data-based, text-based, etc.—to easily be collected in a aggregate repository that is readily accessed by any user without requiring specialized IT skills. Centric’s Product Intelligence™ capabilities provide multi-level analysis and web-based dashboards to managers, allowing them to quickly spot trends and exceptions. This combination of capabilities helps product teams collect relevant information for product initiatives, form action plans, execute those plans and assess progress against business goals. Importantly, Centric’s application suite can be fully deployed in weeks rather than the months or years typically required to implement traditional PLM solutions.
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