PHILADELPHIA -- (BUSINESS WIRE) -- Revitas, the leader in Enterprise Revenue Dynamics, announces the addition of Phillip Merrick to its Board of Directors. Merrick brings 17 years of entrepreneurial experience, including five years at the helm of a public company, and 16 years as a board member for both public and private companies. Merrick’s experience and track record of success—especially as CEO of webMethods, Inc., an enterprise and Internet software company with the strongest revenue growth of any U.S. software company between 1998 and 2002—make him a valued new member of Revitas’s board.
“Revitas has fundamentally redefined the way companies manage their contracts, pricing, and compliance,” said Merrick. “Enterprise Revenue Dynamics is the missing link between contract and revenue management processes, and I am pleased to have joined the Board of Directors to help the company build on this market opportunity and transform enterprises into more efficient, cost-effective, and successful businesses.”
Merrick currently serves as Managing Partner and Founder of Bibury Partners. In addition, he serves on the board of KnowledgeTree Inc., a document management company. As CEO and Co-Founder of webMethods, Merrick grew the company from nothing to $200 million in revenue per year. He played a fundamental role in webMethods’s IPO in 2000, which remains one of the most successful software company IPOs to date. Both Ernst & Young and KPMG named Merrick Entrepreneur of the Year in 2000, and he has also twice been named a Titan of Technology by Washingtonian magazine.
“From his executive management experience to his deep knowledge of corporate governance requirements, Phillip is tuned into enterprise and Internet markets not only in the U.S. but in Europe and Asia as well,” said Paul Winn, CEO of Revitas. “Phillip is a proven leader in enterprise software, and we expect he’ll be a strong voice on our board as we continue to expand adoption of our integrated solutions for contracts, pricing, and compliance cross-industry and globally.”
Revitas, the leader in Enterprise Revenue Dynamics, delivers integrated solutions for contracts, pricing, and compliance that drive higher profitability and lower risk. Revitas empowers companies to optimize contract performance by defining, managing, and analyzing complex, multi-tier pricing incentives and enables positive proof of compliance with commercial, financial, and industry requirements. Powered by the secure, scalable, and standards-based Flex® platform, Revitas® applications speed time to market and improve visibility across B2B relationships. Hundreds of organizations across the most highly regulated and challenging industries leverage Revitas integrated solutions to save money, make money, and reduce risk. For details, visit www.revitasinc.com or http://blog.revitasinc.com/.