CARMEL, IN – October 2, 2017 – Determine, Inc. (NASDAQ: DTRM), the pioneering leader in global Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform solutions, announces the appointment of two new members to its Board of Directors, Bill Angeloni and Steve Sovik.
I am very pleased to welcome Bill and Steve to the Determine Board of Directors. As long-time industry veterans, they both bring an exceptional amount of talent, expertise and energy to the company. Going forward, as the Board works with Patrick and the Executive team, Steve and Bill’s depth of industry knowledge will prove critical in advising the company as we continue to grow by leveraging the power of the Determine Cloud Platform.”
— Michael Brodsky, Chairman of the Board, Determine, Inc.
Bill Angeloni has over twenty-five years of extensive experience as an executive and management consultant driving operational excellence and performance improvement for Fortune 500 clients from diversified manufacturing, process industries and high tech. Mr. Angeloni was an executive at FreeMarkets, one of the companies that created this space, and has founded four companies, two operating in procurement technology and consulting. His consulting firm,Tenzing Consulting LLC, has been recognized twice on the Inc. 5000 Fastest Growing Private Companies list, a rare occurrence.
As the President and CEO of Exostar LLC, a joint venture between aerospace giants BAE Systems, Boeing, Lockheed, Raytheon, and Rolls-Royce, Mr. Angeloni was instrumental in turning the company around, tripling revenues, achieving widespread technology industry accolades and being elected to the Board of Governors for the Aerospace Industries Association.
Mr. Angeloni holds a B.S. in Aerospace Engineering from the United States Naval Academy, and an MBA in Finance and International Business from Northwestern University’s J.L. Kellogg School of Management. He is a private pilot and devoted skier.
I have watched this space develop over the last 20 years, and have been lucky enough to have a small hand in shaping it. There is a renaissance happening in the procurement technology space today that’s driving incredible innovation. My clients are consistently looking for solutions that are cross-functional, easy to use and intuitive; The Determine Cloud Platform positions them in a new way to be able to deliver those solutions for the next 20 years and beyond.”
— Bill Angeloni, Co-Founder, Tenzing Consulting LLC
Steve Sovik is the Chief Revenue Officer of Tipalti, a leading global B2B AP automation and compliance company in San Mateo, CA. Prior to Tipalti, Mr. Sovik spent 5 and a half years at Coupa as Senior Vice President of Sales. Under his sales leadership, Coupa achieved rapid revenue growth and recognition on both Deloitte’s Technology Fast 500™ and the Inc. 5000 America’s Fastest-Growing Private Companies lists. Mr. Sovik’s many years of experience also includes executive positions at Oracle Corporation, SupportSoft Inc. and Siebel Systems, specializing in ERP, supply chain management, and CRM solutions. A graduate of Santa Clara University with a Bachelors of Science in Information Sciences.
There is still a massive opportunity for global and domestic companies to unlock trapped savings in their organizations. The new Determine Cloud Platform is a modern state-of-the-art source-to-pay platform designed to do just that. Determine has such a rich history of innovation and driving customer success, and I am excited to be a part of the team.”
— Steve Sovik, Chief Revenue Officer, Tipalti
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About Determine, Inc.
Determine, Inc. (NASDAQ: DTRM) is a leading global provider of SaaS Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) solutions. The Determine Cloud Platform provides procurement, legal and finance professionals analytics of their supplier, contract and financial performance. Our technologies empower customers to drive new revenue, identify savings, improve compliance and mitigate risk.
The Determine Cloud Platform seamlessly integrates with major ERP or third-party systems such as SAP, Oracle, Sage, QAD and Microsoft. Modular solutions can be configured to add more as needed to provide additional value beyond spend management. Our unified master database and business process approach empower users at every level to make more informed and smarter decisions.
For more information, please visit: www.determine.com.