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Daniel Farrar '84, a WPI Trustee, has been named chief executive officer of ezRez Software, a San Francisco-based Software-as-a-Service (SaaS) provider of travel and loyalty solutions. Read the press release here...
SAN FRANCISCO, April 5, 2011 /PRNewswire/ -- ezRez Software, Inc., a San Francisco-based Software-as-a-Service (SaaS) provider of travel and loyalty solutions, today announced the appointment of Daniel F. Farrar as Chief Executive Officer. Farrar was previously Chief Executive Officer of Openlane, Inc., an online auction company that uses a proprietary software and registration system of wholesalers and dealers to buy and remarket vehicles. Prior to Openlane, Farrar held various positions with private equity firm Morgenthaler and GE Capital.
"Daniel has a diverse professional background that includes everything from venture capital to international corporate management," said Karen Vergura, Chief Financial Officer at ezRez Software. "As ezRez looks to scale globally, the company will benefit from his expertise in operations, strategic development and value creation." With Farrar's appointment to CEO, Vergura will relinquish her duties as Interim CEO and return to her role as head of the company's finance division.
In the past year, ezRez processed over 850,000 transactions. Its platform is live in 20 languages and 50 currencies, booking travel for over one million people each year. Several new clients have recently joined the ezRez roster, including Emirates Airline and Lufthansa's Miles & More loyalty program, and the company is on course to exceed US $1 billion in gross bookings in 2011.
April 7, 2011