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Lavante Appoints Sam Klepper as New CEO
[June 14, 2013]

Lavante Appoints Sam Klepper as New CEO

Jun 14, 2013 (Close-Up Media via COMTEX) -- Lavante, a provider of cloud-based recovery auditing and supplier information management (SIM) software for Fortune 1000 companies, announced that Sam Klepper has joined as CEO.

According to a release, Klepper has an exceptional track record of creating and commercializing game-changing software products that drive growth and customer success at tech companies including Intuit, Microsoft and eMeter.

"Lavante has an enormous market opportunity," said Sam Klepper. "The founders and management team have redefined the supplier information management space and in the process created a Who's Who list of corporate customers. Lavante SIM is the first product to target the finance team and focus on the supplier organization rather than the transaction. The result is a new way to easily onboard, maintain and communicate with vast supplier communities, driving down operational costs, enhancing compliance and recovering credits." With Klepper's arrival, founder and former CEO, Joe Flynn, a veteran of the supply chain and finance domains, becomes Chief Strategy Officer and will work closely with customers and partners. "Sam is the perfect catalyst to accelerate the momentum we are already enjoying at Lavante," Flynn said. "We look forward to a bright future under his leadership." The Company noted that prior to joining Lavante, Klepper was GM and then interim CEO at smart grid software leader, eMeter, and General Manager at Microsoft for a $500m division of MSN. He also was an early employee of Intuit and co-invented the QuickBooks product line. Klepper has a BA from Harvard University and an MBA from Harvard Business School.

The Company added that Klepper joins Lavante during an active quarter that has yielded new customers across multiple industry segments as well as new product functionality across both Recovery and SIM product lines. The company delivered advanced reporting capabilities earlier this month to give customers additional insights into their supplier population.

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