VC-backed MarginPoint adds to board of directors

MarginPoint said Tuesday that it has named Stephen Markle to its board of directors. Markle is the former vice president of solutions management at Ariba. Based in Lake Forest, Calif., MarginPoint is a provider of cloud solutions for the industrial sector. It is backed by The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures.

PRESS RELEASE

Lake Forest, CA (PRWEB) July 01, 2014

MarginPoint, a leading provider of cloud-based indirect material/MRO management solutions, today announced the addition of Stephen Markle to the company’s Board of Directors. With more than 18 years of technology experience, Markle has an extensive background in SaaS and spend management solutions, as well as a successful history of creating new lines of business for growing organizations.

“Best-in-class companies realize the inherent need to connect their procurement process, their suppliers and the management of their indirect material/MRO inventory in order to dramatically improve operating costs,” says Vince Sheeran, CEO of MarginPoint. “Steve’s breadth and depth of experience in the eProcurement space will be invaluable as MarginPoint continues to expand our platform, connecting suppliers with the users and purchasers of indirect material. Our goal is to give organizations the ability to gain visibility and control of their entire Indirect/MRO materials lifecycle.”

As Vice President of Solutions Management at Ariba (acquired by SAP in 2012), Markle utilized his product management leadership to grow the Sourcing and Contract Management portfolio from just a few customers into a hundred million dollar plus annual subscription revenue business. Prior to his 12+ years with Ariba/SAP, Markle held product and strategy positions at several technology firms including Lockheed Martin and Playback Media. He holds a Bachelor of Science and Engineering degree from Princeton University.

“MarginPoint’s solutions have the potential to revolutionize the way the Indirect/MRO materials lifecycle is managed, similar to eProcurement’s impact on the sourcing and procurement process within large, complex organizations,” says Markle. “I’m excited to be joining the MarginPoint Board to assist in scaling the impact of their solutions in the marketplace.”

About MarginPoint
MarginPoint is a leading provider of cloud-based indirect material management solutions for the industrial market. More than 200,000 users rely on MarginPoint solutions daily to reduce their indirect material spending and streamline their indirect material management processes. MarginPoint is uniquely focused on integrating the end-to-end indirect material lifecycle to deliver the highest possible ROI for customers. MarginPoint’s SaaS delivery model enables customers to rapidly deploy the solution without any significant up-front IT investment.

MarginPoint is a privately-held company whose investors include The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures. For information about the company’s products and services, or how to become a MarginPoint distributor or partner, please visit the company’s website at http://www.marginpoint.com or call 888-229-3685.

 

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