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Industry Veteran Brings Extensive Experience to Lead LOYAL3's Technical Operations(April 04, 2012)
SAN FRANCISCO, CA -- (Marketwire) -- 04/04/12 -- It was announced today that LOYAL3 has hired Ramesh Ragineni as Vice President, Technical Operations, effective immediately. LOYAL3 is the inventor of the Customer Stock Ownership Plan (CSOP) which enables public companies to sell their stock directly to customers from their website or Facebook page with no fees, ever.
"We are elated to have Ramesh join us at LOYAL3," CEO Barry Schneider stated. "His broad range of expertise in technical operations will allow us to develop and scale our technology seamlessly as we grow. At LOYAL3 we pride ourselves on hiring the best and the brightest and Ramesh exemplifies this perfectly."
Ragineni has 20 years of technology and management experience focused on extensive Technical Operations with large-scale software as a service (SaaS) platforms. Most recently, he was Sr. Director, OnDemand Operations at SAP's Cloud division. In this role, he was the head of SAP's U.S. Cloud Technical Operations. He successfully built the Technical Operations from scratch for Business Intelligence, Collaboration Solutions as a SaaS and OnDemand platform, focused for enterprise markets. In addition, Ragineni managed the Information Security and Compliance Team, driving successful SAS 70/ISO 27001 audits and ensuring security and technology implementations are in compliance with industry requirements. Prior to that, Ragineni was a Director of Operations at Yousendit, the trusted global leader in digital content delivery. Prior to Yousendit, he was a Director at ILOG, Inc. (an IBM Company) running global Information Technology.
"LOYAL3 has developed an extremely impressive platform," said Ragineni. "I am very proud to be part of this incredible technology."
Ragineni's specific responsibilities will include building and operating production engineering, contributing to product architecture, and working closely with product management.
Ragineni has a B.S. in Computer Science from Osmania University.
LOYAL3 offers a web and social media platform that enables companies to sell their stock directly to customers in a way that is easy and affordable for everyday Americans. It's called a Customer Stock Ownership Plan, or CSOP ("see-sop"). The CSOP is designed to provide an easy and convenient way for companies to make public offerings of their stock directly from the company's website or Facebook page with no fees, ever.
Companies engaged in an Initial Public Offering or IPO, which makes their stock publicly available for the first time, may also use LOYAL3's platform for the offering of an IPO CSOP, also known as a "Social IPO." And companies making a follow-on public offering may use it to offer a Follow-On CSOP. Both the IPO CSOP and Follow-On CSOP are offered alongside a traditional underwritten public offering.
Customer-owners spend more, refer more and stay customers longer than ordinary customers. As a result, client companies are motivated to convert customers to shareholders to increase loyalty, branding and liquidity.
Please see www.loyal3.com for more information.
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