San Mateo, California — July 28, 2008 — Provade Inc., the Forbes 2000's choice for Oracle-based VMS, announced today that it has appointed former Adecco executive, Bob Lucas as Chief Operating Officer. This latest addition signals Provade's commitment to delivering ERP-based Vendor Managed Systems (VMS) solutions to rapidly achieve greater compliance, visibility, and savings with minimal investment in integration, technology, and resources.
"Bob brings a tremendous amount of industry and VMS application knowledge to Provade," said Edward Jackson, CEO. "His background will allow Provade to dominate the VMS application market and strengthen partnership channels with industry leading Managed Service Providers (MSP) to provide the Fortune 2000 a level of comprehensive contingent workforce spend management not seen before in this industry."
Reporting directly to Mr. Jackson, Lucas will oversee Provade's operations to include delivery, support and product management. Mr. Lucas' strong relationships in the contingent workforce sector will secure Provade's VMS application as the leading Software-as-a-Service (SaaS) platform of choice for those seeking to manage both the typical contingent labor categories as well as large, complex categories like management consulting, legal and others.
"It's exciting to be a part of such a fast moving company as Provade that has the kind of backing and support from a company with the financial strength and stability as Oracle Corporation". Lucas went on to say, "Provade's MSP partnerships, product capabilities and exclusive Oracle relationship will no doubt change the way that contingent workforce is managed going forward. No other VMS platform that I've seen in the market can go live, day one, integrated and managing over $100M in spend."
Prior to joining Provade, Lucas has over 27 years experience in the staffing industry with the last ten years focused specifically as being a Managed Services Provider (MSP) with a Vendor Managed System (VMS). Mr. Lucas was the former SVP of Managed Services for Adecco, the number one staffing company in the world with over $30B in annual revenue. Also, Bob served as the President of WorkCard, an early VMS software provider.
Provade delivers a fully hosted, SaaS, Oracle-based Vendor Managed Systems (VMS) solution. Some of the world's largest F2000 companies rely on our VMS platform to achieve the best of both worlds: industry-leading technology without the high integration cost and headache of a non-standard point solution. Our partnerships with the industry’s leading Managed Service Providers, can have you live in less than 90 days, automate more spend categories and deliver a no-cost model that shows significantly more cost savings in far less time. Provade is based in Silicon Valley, California with locations worldwide.
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