Former Disney and Ford CIO Bernard F. Mathaisel
Named CIO at Achievo Corporation

SAN RAMON, Calif., June 5 /PRNewswire/ -- Achievo(R) Corporation, the leading global software and information technology outsourcing provider with a local front-end and China back-end service model, today announced that Bernard (Bud) F. Mathaisel has joined the company as senior vice president and chief information officer. Mathaisel reports to Dr. Robert P. Lee, Achievo's chairman and CEO, and is a member of the corporate executive team.

"Bud's credentials speak for themselves, and we are thrilled that an executive of his stature and experience has joined us," said Dr. Lee. "We are building a company that is based on providing clients with quality services, confidence and trust, and Bud's background and guidance will help us to raise those attributes to the next level. Bud is a visionary strategic planner who has guided and deployed strategic plans transforming organizations and creating competitive advantage. He brings to Achievo a proven track record of building and energizing competent teams of thousands of people. These are skills that will serve us well in our quest to become the premier global software and IT services company."

Highlights of Mathaisel's career include CIO positions at Solectron, Ford Motor Company and Walt Disney & Company. Earlier in his career, Mathaisel was founding director of Ernst & Young's Center for Business Innovation (CBI) in Boston, a group dedicated to the conception and development of leading-edge ideas and management approaches about business innovation.

"In my prior experiences as CIO and executive advisor, I saw the power of the model we have at Achievo," said Mathaisel. "I have first hand experience with several companies whereby selective outsourcing resulted in reductions in IT labor expenditures by at least half, even accounting for additional management and administration of the offshore service, all while increasing capability with highly qualified people. The total available market for software and IT outsourcing to China is enormous. Our challenge is to make sure the world knows who we are and what we do."

In addition to a high profile executive career spanning 30 years, Mathaisel received bachelor's and master's degrees in science from the Massachusetts Institute of Technology. He based his master's thesis on computer systems applications to operations research in the airline industry.

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