TransactTools adds Deva Hazarika to board of directors

Source: TransactTools

TransactTools, the market leader in high-scalability, low-latency financial messaging solutions for tier-1 global institutions, announced today that Deva Hazarika has joined its Board of Directors.

Deva is the founder and CEO of ClearContext Corporation, a software company focusing on messaging productivity solutions. He previously founded Moai Technologies, an enterprise e-commerce software company that grew to over $14M in annual revenues during his five years there. Serving in various executive roles, Deva created and grew the product line at Moai from an enterprise auction server into a suite of enterprise sourcing and procurement products and services. He also built channel partnerships with systems integration firms and reseller relationships with software and systems vendors that collectively accounted for 40% of Moai's revenues.

"I am very pleased to welcome Deva as our newest Director," said Sam Johnson, TransactTools CEO and Chairman. "Deva is a visionary with the right kind of experience to help us prepare for aggressive expansion of the business in 2006. Deva has been a helpful and enthusiastic resource for me as we've built TransactTools over the past six years, and we are excited to get him involved in a more formal capacity on the Board."

Mr. Hazarika commented, "TransactTools possesses visionary leadership and a unique position in the market. As an enterprise infrastructure company, TransactTools has been able to clearly separate itself from the commodity players by building not only the highest-performance business-focused portfolio of solutions, but also integrated delivery and support capabilities of the highest caliber. I look forward to leveraging my experience in growing software companies to help TransactTools build on its market leadership by aggressively expanding its offerings and reach in 2006 and beyond."

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