Press Release
Instantis Appoints Rahul Merchant to Board of Directors
Industry veteran brings more than 20 years experience as an operating executive with global banking organizations
December 16 , 2010 -- Santa Clara, CA — Instantis, the leading on-demand provider of Enterprise Project Portfolio Management (EPPM) software used by business process and IT leaders to improve strategy execution and financial performance, announced today the appointment of Rahul Merchant to its Board of Directors. He is currently a Partner at Exigen Capital where he focuses on companies in the high-tech, financial services and telecommunications industries.
Rahul has over twenty years experience as an operating executive (CIO and COO) with several global banking organizations such as Merrill Lynch, Dresdner Bank and Sanwa Bank. He has served as the principal with Cooper Neff & Associates, a global hedge fund and most recently as an executive vice president, CIO and member of the executive committee at Fannie Mae. Rahul’s reputation for transforming businesses and delivering financial results is based on his track record of successfully creating and marketing technology products that solve complex business problems.
“As a proven provider of SaaS-based project and portfolio management solutions to global enterprises, Instantis is extremely well-positioned to take a leadership role in a vibrant and growing market for business-critical, on-demand solutions, “said Mr. Merchant. “I am looking forward to working with the Instantis management team and board to chart a path to continued future success leveraging my experience exploiting innovative technology platforms.”
“Rahul’s intimate knowledge of the technology operations and IT strategies of large businesses will be invaluable as we grow our customer footprint around the world,” said Prasad Raje, Instantis founder and CEO. “ We are honored that he decided to join our team.”
Rahul also serves on the boards of Fair Isaac (FICO:NYSE) and Level 3 Communications (LVLT:NASDAQ). Previously, he served on the board of Sun Microsystems (JAVA:NASDAQ).About Instantis
Instantis is the leading on-demand provider of Enterprise Project Portfolio Management (EPPM) software used by business process and IT leaders to improve strategy execution and financial performance. Leading global corporations like Abbott, Credit Suisse, DuPont, France Telecom, Lilly, McKesson, RIM and Xerox rely on a single system called EnterpriseTrack™ to fulfill the distinctive requirements of their strategic project portfolios such as PMO, IT, Six Sigma, Lean and Sustainability.