San Francisco, CA — September 19, 2016 — Provade, Inc. today announced that it is realigning its corporate structure and technology to add a true Cloud Vendor Management Systems (VMS) experience to its portfolio. As part of the restructuring, Provade Cloudware, Inc. is now Provade, Inc.’s parent company and will add key outside investors and personnel in the next several months to drive growth of its new cloud direction.
Nina Vaca, Chairman and CEO of Pinnacle Group, stated, “We are enthusiastic about the path forward for Provade and are delighted to be able to play an ongoing role in its growth and evolution. We’ve never been more optimistic about Provade’s future as it expands its legacy of product innovation and stellar service with a new cloud structure and vision.”
Hans Bukow, President and CEO of Provade Cloudware, Inc., added, “This restructuring establishes Provade’s technological direction and transformation for the future. Provade’s Cloud VMS will be inherently cloud and mobile thus giving customers the ability to more efficiently and economically flex the scale and skills of their just-in-time workforce. New Cloud VMS technology will seamlessly provide improved access to talent through a more powerful flexible workforce supply chain platform.”
About Provade Cloudware, Inc.
Provade Cloudware, Inc. was founded with the mission to create a true Cloud VMS. It will leverage emerging cloud technology platforms and business applications with emphasis on the Oracle Cloud ecosystem. Provade, Inc. will continue to offer and advance Provade VMS, the only enterprise-class Vendor Management System built on Oracle technology. Provade VMS is currently used by customers in over 60 countries, is a mobility platform leader and is recognized for providing the industry’s highest up-time performance and security.