Exari Announces New Vice President of Worldwide Sales and Business Development

 

Leading Automated Document Assembly and Contract Management Company Bolsters Management Team

 

"Terry brings great enthusiasm and experience to the Exari team and we look forward to him having an immediate impact" Ed Mullen, Chairman

Boston, June 16, 2008 - Exari Group, Inc. (www.exari.com) a leading automated document assembly and contract life-cycle management company announced today that Terence Lee has joined the team as Vice President of Worldwide Sales and Business Development. Lee is an experienced sales, business development and marketing executive with a strong background in financial services, document assembly and technology. He will be based in the Boston headquarters.

 

Prior to Exari, Lee held various sales, marketing and business development leadership roles at Fidelity Information Services, eFunds and IBM. Before that, Lee held a number of sales and sales management positions at various start ups and financial services firms including Smith Barney and Bear Stearns.

 

In his new position, Lee will be responsible for all worldwide sales, building up a new expanded sales team, helping to execute on the new marketing plan as well as driving business development with new partners and alliances.

 

Exari, which was founded in Melbourne in 2000, recently received venture funding from Beacon Equity Partners and opened a U.S. headquarters in the Prudential Tower, in Boston, Massachusetts. The $10 million dollar transaction gave Beacon a majority ownership in Exari. Beacon also owns a majority stake in Anaqua Inc, which is in the legal software field and has a synergistic partnership with Exari.

 

Exari's clients are leading global companies such as Dow Jones, Marsh McLennan, Barclays Capital, Westpac Bank, DLA Piper, Mayer Brown, Perkins Coie, Addleshaw Goddard and the Australian Government.

 

"We welcome Terry to the team and look forward to him using his experience and contacts to help Exari expand globally and take us to the next level," said Exari CEO Reg Foster.

 

"We invested in Exari because we felt that it was the right solution at the right time and that it had broad application in the corporate contracting arena," added Beacon Chairman Ed Mullen. "Terry brings great enthusiasm and experience to the Exari team and we look forward to him having an immediate impact."

 

About Exari - Exari is a global leader in automated document assembly and Contract Life-Cycle Management for large enterprises. Exari's patented XML and web software is used by legal, procurement, sales, insurance, banking and government professionals to streamline the creation and management of contracts, legal and business documents. Exari has customers in the U.S., Europe and Asia, including large companies, government agencies, financial institutions and law firms. For more information, visit www.exari.com.

 

About Beacon Equity Partners - From their offices in Boston, Munich and London, Beacon helps the leaders of early stage through middle-market companies develop their ideas, grow successfully and increase shareholder value. Beacon is majority owner of Anaqua Inc. which is also a software company in the legal industry. For more information, visit www.beaconep.com

 

 

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