Petrilli said, "I am proud to be working with this team of seasoned, dedicatedand client-focused specialists, and together we will build a performance-focusedorganization. Our superior client-services offering, coupled with ourmarket-making engine, will provide our clients with considerable advantage asthey work to manage their customers` order flow." Surge Trading`s leadership team also includes Darin Oliver, former CEO of CastorPollux, who will become President of the firm, and Robert P Mazzarella, whoserves as the non-executive Chairman. Mazzarella, who has 40 years of experiencein the securities industry and was the former President of Fidelity BrokerageServices LLC, brings a wealth of expertise to this role and will provideguidance and insight to the firm. Mazzarella also served as President ofFidelity`s Institutional Brokerage Group - including the Capital MarketsBusiness Segment, which was a market maker in NASDAQ securities. Mazzarella,currently the CEO of Pyxis Mobile Inc., is a member of the Board of NASDAQ OMXBX and chairs the Boston Options Exchange Regulatory Board.
Mazzarella said, "We formed Surge Trading to help meet the ever-increasingdemand for liquidity, execution quality and reliability in the marketplace. Weare intent on providing our clients with advanced, industry-leading solutionsand best practices in regulatory compliance." Additionally, Surge Trading has today completed its first round of Series Afinancing from Fairhaven Capital Partners, a Cambridge, Massachusetts-basedfirm. Fairhaven Capital Partners is a venture capital firm investing inearly-stage, high-potential companies with rapid growth characteristics. Paul Ciriello, Founder of Fairhaven Capital Partners, said, "We believe thatthere is considerable opportunity to provide the market with superior executionservices.
With the pedigree of the leadership and management team, we believethat Surge Trading is uniquely well-positioned to capitalize on thatopportunity." In order to be operational as soon as possible, Surge Trading will beheadquartered at 885 Third Avenue (The Lipstick Building), which will help thefirm to leverage existing operations infrastructure. Said Petrilli, "We are looking forward to quickly beginning the business oftrading on behalf of our clients, growing our service offerings, and becoming anindustry-leading business." for Surge Trading Inc.Loretta Mock/Dan Simon,+1-646-395-6300 or +Copyright Business Wire 2009. Award Recognizes L`Oréal`s Ability to Globally Standardize Plant FloorOperations and Quality Processes with an Apriso Solution for SeamlessIntegration with Enterprise Business ApplicationsLONG BEACH, Calif.--(Business Wire)--Apriso®, a leading provider of adaptive software solutions for globalManufacturing Operations Management (MOM), today announced its customer,L`Oréal, won the Editor`s Choice award for overall operational excellence at the2009 Progressive Manufacturing Summit. Previously recognized as a PM100 winner,this new designation was based on the business value L`Oréal achieved throughits implementation of Apriso`s FlexNet®, in conjunction with SAP`s EnterpriseResource Planning (ERP) system. Benefits include reduced IT costs, real-timetraceability and higher quality across their global manufacturing operations. "By deploying a dual-platform strategy - FlexNet as an enterprise platform forMOM and SAP`s ERP - we`ve been highly successful integrating our shop flooroperations with our business applications at the lowest possible cost,"explained Jacques Playe, CIO Operations at L`Oréal.
"We use FlexNet`s Coredeployment model to standardize business processes across our globalmanufacturing operations.FlexNet provides consistent operations and productquality data for our enterprise business systems to improve visibility,efficiency and quality across our entire manufacturing enterprise."Apriso`s FlexNet is operational at 14 L`Oréal sites, across Europe and NorthAmerica. FlexNet provides L`Oréal with real-time visibility and control overwarehouse, logistics, production and quality management operations.Manufacturing operations intelligence is easily transferred between FlexNet andL`Oreal`s SAP ERP system, providing global visibility for quicker, more informeddecision making and improved responsiveness to changing market conditions. "We congratulate L`Oréal on earning this prestigious award, directly attributedto their strategic vision and commitment to continued investment inmanufacturing operations," articulated Jim Henderson, president and CEO atApriso. "Apriso`s MOM platform is an ideal complement to ERP, and L`Oreal`sdual-platform approach is enabling them to realize a strong foundation foroperations excellence by driving higher quality at a lower cost across theirenterprise."About AprisoApriso Corporation is a software company dedicated to providing competitiveadvantage for its customers. It does so by enabling organizations to adaptquickly and easily to market changes and unexpected events. Apriso`s FlexNetplatform provides visibility, adaptability and real-time control ofmanufacturing operations across the enterprise and supply chain network.
This isaccomplished by integrating planning, execution and control, increasingoperational efficiency and eliminating errors in the production process. Aprisoserves more than 175 customers in 41 countries across the Americas, Europe andAsia. Its customers include General Motors, Lear, Honeywell, L`Oréal, Trixell,Lockheed Martin, Becton Dickinson, Saint-Gobain, Novelis and Essilor. For moreinformation, please go to Apriso and FlexNet are registered trademarks of Apriso Corporation.