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Lavante Expands Management Team; Adds Sanjeev Srivastav as Chief Operating Officer

Former Hewlett-Packard Executive Joins On-Demand Supplier Management Provider to Lead Operations, Account Management and Support Services (January 10, 2012)

SAN JOSE, CA -- (Marketwire) -- 01/10/12 -- Lavante, the leading provider of on-demand supplier management solutions, including recovery auditing and supplier information management, today announced that it has expanded its management team with the addition of Sanjeev Srivastav as Chief Operating Officer. Srivastav, an industry expert in providing leadership for global operations and professional services, joins Lavante to oversee the company's operations, account management and support and services organizations.

"Lavante is embarking on a landmark growth period as we continue to deliver innovation to improve the automation and efficiency of today's accounts payable processes," said Joe Flynn, CEO and founder, Lavante. "Srivastav's operational leadership and experienced management vision will provide a new depth of knowledge to the Lavante management team that will help shape our continued execution success."

Srivastav comes to Lavante with over 12 years of experience in leadership positions where he directed global operations and professional services for high technology firms. He has deep knowledge of hosted, SaaS-based, enterprise solutions and cloud-based service delivery. He is also known for his successful leadership with high-growth companies in rapidly-expanding markets. A special area of expertise is in aligning services with the vertical business processes prevalent in various industry segments including financial services, legal, manufacturing, publishing and government.

Srivastav was most recently the vice president, Operations & Technology for Hewlett-Packard, a position he earned following Hewlett-Packard's successful acquisition of Autonomy, where Srivastav was vice president, Operations. He has also held executive positions with Iron Mountain and Stratify, Inc. and was an engineering services consultant with Exponent. He holds a Ph.D. from Cornell University.


"Optimizing financial processes for improved revenue retention is a key area of business focus for our customers, and Lavante's solutions for recovery auditing and supplier information management can easily dovetail with existing software and processes for businesses across industries and quickly generate returns where time is of the essence, and on-premises solutions far too expensive to maintain," said Srivastav. "I am pleased to be joining Lavante at this time of accelerated growth and look forward to playing an integral role in developing and supporting Lavante's next generation solutions for optimized supplier management and data quality."

About Lavante
Lavante is the leader in on-demand supplier management solutions, including recovery audit and supplier information management applications. Built with advanced, patented 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.

© 2012 Lavante, Inc.

Press Contact:
Erin Jones
E.S. Jones Public Relations for Lavante
(P) 704.664.2170
ejones@esjonespr.com


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