Vista Equity Partners said Monday it named Kenneth Frank the CEO of the merged MarketLive Inc. and Shopatron. Frank most recently served as COO of Vista portfolio company Aptean. In November, Vista said it acquired and merged MarketLife and Shopatron.
January 04, 2016 03:00 PM Eastern Standard Time
AUSTIN, Texas–(BUSINESS WIRE)–Vista Equity Partners (“Vista”), a leading private equity firm focused on investing in software, data, and technology-enabled companies, today named Kenneth Frank as CEO of the newly combined global commerce solutions company formed by Vista’s November acquisition and merger of retail software leaders MarketLive Inc. and Shopatron.
Mr. Frank most recently served as Chief Operating Officer of Vista portfolio company Aptean Software and brings to his new role more than 20 years of global experience in the software industry, with a particular focus on operations, product development, and strategic growth.
“I could not be more excited about the opportunity to lead the innovative commerce platform formed by the merger of MarketLive and Shopatron,” Mr. Frank said. “These firms are known as market leaders in providing software solutions for retailers and branded manufacturers around the world. I look forward to adding my global experience to the incredible track record of their talented leadership and staffs, and to ensuring their merger offers the seamless in-store and digital experiences consumers increasingly demand.”
Before coming to Aptean, Mr. Frank was a member of the Alcatel-Lucent Management Committee and served both as President of the Alcatel-Lucent/Reliance Industries joint initiative in Mumbai, India, and its Global President of the Solutions and Marketing Group. He also held senior executive positions at Masergy Communications, BellSouth Telecommunications and AT&T Bell Laboratories.
“Kenny has exceeded expectations throughout his career, including in his most recent role as COO at Aptean,” said Robert F. Smith, Chairman and CEO of Vista Equity Partners. “I know his operational and product focus will ensure our new joint entity becomes the software of choice for retailers and manufacturers aiming to serve the dynamic global consumer marketplace.”
Since 1995, MarketLive has been the leading provider of eCommerce technology and services that help fast-growing companies successfully sell goods and services online. Designed to meet the unique requirements of catalogers, retailers, direct marketers, and manufacturers, the extensible MarketLive Customer Driven Commerce technology and services solution integrates commerce across all channels, enabling merchants to enhance their customers’ experience online while dramatically improving acquisition, conversion, and retention rates.
Shopatron is the world’s leading SaaS platform for distributed order management, enabling enterprise retailers and branded manufacturers worldwide to quickly deploy and evolve dynamic, omnichannel fulfillment models that delight customers and drive profitable growth. With the retail industry’s only truly open, multi-tenant SaaS architecture for distributed order management, Shopatron is redefining standards of shopper convenience at a dramatically lower cost than with licensed software. Over 1,000 retailers and brands around the globe use Shopatron every day to optimize inventory performance, save sales, and increase enterprise profitability.
About Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with offices in Austin, Chicago and San Francisco, with more than $14 billion in cumulative capital commitments. It currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support that enables companies to realize their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit vistaequitypartners.com.