Actimize, Inc.

Actimize Names Reuven Battat as Chief Executive Officer

    NEW YORK, NY (ots) -

    Former ProcureNet and Computer Associates Exec to Spearhead Growth     and Expansion

    Actimize, Inc., which provides industry-leading analytics and monitoring solutions for enterprise operational risk management, announced today that Reuven Battat has joined the company as president and chief executive officer.

    Battat comes to Actimize from ProcureNet, a provider of Internet B2G (Business to Government) and B2B (Business to Business) solutions and services, where he was president and CEO. While at ProcureNet, Battat increased revenues nearly 400% to over $250 million, and brought the company to profitability under difficult market conditions. Prior to his tenure at ProcureNet, Battat spent 12 years at Computer Associates (CA), most recently as president of interBiz Solutions, the eBusiness division of CA. Battat also served as CA's senior vice president of research and development, where he led the design, development, and marketing of CA's award-winning Unicenter TNG enterprise management solution. He is one of the original patent holders of Unicenter, which was named one of the 10 Most Important and Influential Products of the '90s by InformationWeek. As executive vice president and general manager of worldwide marketing for CA, and earlier in his career at IBM, Reuven was involved in strategy, international marketing, and strategic alliance programs, among other initiatives. Battat has also served as chairman of the board and as a director for a number of technology companies.

    "In Actimize, I've found a talented group of people with a proven technology that is definitely a few years ahead of the market. The Actimize technology platform is superb, and its solutions and managers are some of the best in the industry," said Battat. He added, "I'm really looking forward to working with this organization to solidify our position as the leader in operational risk management, compliance, governance, and surveillance solutions, and in expanding our footprint across other verticals and geographies."

    "We're very excited to have Reuven on board," says Actimize's Chairman of the Board Avi Zeevi, founder and general partner of Carmel Ventures. "His strategic and operational expertise and impressive credentials in developing, marketing, and selling world class solutions will help us to leverage our current success and market traction, and enable us to build a world class organization." Battat will take the helm from Actimize co-founder David Sosna, who assumes a new role as executive vice president of business development. Says Sosna, "I'm looking forward to working closely with Reuven as we build out this company. His expertise will enable me to focus more energy on bringing the Actimize message to our target audience, and on developing new and exciting solutions and partnerships for our clients and markets." Adds Battat, "It's wonderful that we will be able to take full advantage of David's expertise and passion for the technology behind our offering. His vision has brought us to where we are today, and will continue to be a great asset to us as we develop new products and open up new markets."

    About Actimize

    Actimize provides an active analytical application platform for enterprise operational risk management. Actimize solutions monitor transactional and other activity, instantly detecting and reporting unusual business events. Utilizing powerful, real-time analytics to differentiate normal from unusual activity, Actimize solutions integrate non-intrusively with internal and external operational systems to detect anomalies, trigger instant alerts, and provide case management and workflow tools. An innovative system architecture enables Actimize to leverage an enterprise's existing primary data sources, eliminating the need for complex and costly data warehouses. This enhances scalability, simplifies customization, accelerates implementation, and reduces total cost of ownership.

    Current offerings include solutions for anti-money-laundering (AML), compliance, governance, surveillance, and fraud prevention for the financial services vertical. These solutions enable enterprises to mitigate risk through identifying and responding to potential threats, reducing loss, and maintaining regulatory compliance. Actimize customers include some of the world's most prestigious financial institutions and regulatory bodies. Headquartered in New York, with operations in Israel and the UK, Actimize is setting the standard for active business analytic solutions for the financial services vertical. Current investment partners include Carmel Ventures, Giza Venture Capital, and Vertex Venture Capital. For more information about Actimize, visit or contact David Z. Orban, Actimize's director of marketing at (212) 643-4600.

ots Originaltext: Actimize, Inc.

David Z Orban
Actimize, Inc.
Phone:  ++1 (212) 643-4600 x122

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