Friday, March 18, 2011

Panviva Positions for Growth: Appoints Stephen A. Johnson as Chief Financial Officer

Panviva Positions for Growth: Appoints Stephen A. Johnson as Chief Financial Officer

New CFO Brings 30 Years Financial Leadership Experience in Entrepreneurial, Growth-Oriented Companies

Wakefield, MA (Vocus/PRWEB) January 13, 2011

Panviva, the world leader in Business Process Guidance (BPG) systems, today announced the appointment of Stephen A. Johnson to the position of chief financial officer (CFO), reporting to Panviva CEO David Frenkel. The company is positioning for market share growth with its solutions for health insurance, retail banking and telecommunications.

Mr. Johnson brings 30 years of leadership experience gained from a broad range of dynamic, entrepreneurial, and growth-oriented companies where he built high-performing teams, instituted world-class financial controls and processes, and led successful IPOs and merger and acquisition transactions. He will provide strategic leadership and financial management of all of Panviva’s corporate-wide financial operations, accounting practices, legal department, facilities management, and human resource functions.

Mr. Johnson was formerly the Chief Financial Officer for Tervela, Inc., the leading developer of high-performance messaging systems for financial institutions. Prior to that, Johnson was CFO, Treasurer, and Secretary for ManageSoft Corporation, a multinational software company specializing in dynamic software management and compliance solutions. Before ManageSoft, he was CFO, Treasurer, and Secretary at Centra Software, Inc., a $45M provider of enterprise collaboration software. He lead Centra through two rounds of venture financing and a successful $80 million IPO. Earlier in his career, Johnson was the Director of Finance, Worldwide Field Operations, for Avid Technology, Inc., a successful $500 million public company that is the world leader in digital media creation tools. He was also an audit supervisor at PriceWaterhouseCoopers and is a Certified Public Accountant.

"I am pleased to have Steve join our executive management team," stated David Frenkel. "His financial and industry insight as well as his ability to help companies reach their maximum potential will make a significant impact on our business plan for 2011 and beyond."

"I am impressed with Panviva’s business model and technology solution," stated Johnson. "Having experience in high-growth, fast-moving companies, I immediately feel at home with this proven management team. I look forward to working with David and the rest of the staff to ensure Panviva’s continued success."

Johnson has an MBA in finance from Babson College, and he earned a BS in finance and administration from the Whittemore School at the University of New Hampshire. In addition, Johnson is a member of the American Institute of Certified Public Accountants, and of the Massachusetts Society of CPAs. He is also Director and Treasurer of Northeast Arc, a non-profit organization providing lifelong support for people with disabilities. Johnson resides in Danvers, MA, with his family.

Mr. Johnson’s appointment is effective immediately. His office is located in the company’s US corporate headquarters in Wakefield, MA.

About Panviva

Panviva is the pioneer in and a leading provider of business process guidance (BPG) solutions. Our unique methodology and advanced software enable organizations to capture and package the best practices of their top performers in both customer-facing and back-office operations. The company’s product, SupportPoint, guides users step-by-step through policies, procedures, and product information in real time, empowering staff and engendering an environment of continuous improvement. The results are transformational: dramatic and continuous cost, error, and risk reductions; greatly improved customer satisfaction, and elevated employee engagement and loyalty. Panviva’s customers significantly outperform their competition and achieve better financial performance. Among those customers are British Telecom (BT), HP, Bupa, Caterpillar, National Australia Bank, AvMed, and Health New England. For further information, visit http://www. panviva. com.