software.net Hires Amazon.com Executive as new Chief Executive Officer
Business Wire - April 01, 1998 08:21
%SOFTWARE.NET %CALIFORNIA %COMPUTERS %ELECTRONICS %COMED %MANAGEMENT %CHANGES %INTERACTIVE %MULTIMEDIA %INTERNET V%BW P%BW
SAN JOSE, Calif.--(BUSINESS WIRE)--April 1, 1998--
CyberSource Corporation Reorganized to Form Two
Separate Companies; software.net -- as the Online
Software Reseller and CyberSource -- the Digital
Commerce Services Company
software.net, the premiere online software superstore, today announced that it has appointed Mark Breier as CEO of software.net. Breier is an experienced consumer brands and marketing executive who most recently served as vice president of marketing at Amazon.com. Breier will report to the software.net Board of Directors and Bill McKiernan in his capacity as chairman.
The appointment of Mark Breier finalizes the separation of the CyberSource and software.net businesses. Bill McKiernan will remain as President and CEO of CyberSource Corporation which provides global digital commerce and rights management services to software.net and other companies who distribute digital products and services over the Internet.
"Over the last four years we have created two very successful businesses -- software.net and CyberSource Corporation," said McKiernan. "As these businesses have evolved it has become obvious to us that they address different market segments and require different business models and marketing skills. It makes sense for them to focus on their respective markets, technologies and customers and give them both the opportunity to become two hugely successful independent businesses."
McKiernan adds, "We believe Mark Breier will add tremendous value to software.net, especially with his blend of consumer brand background combined with his Internet experience at Amazon. Bringing someone with Mark's proven track record on board is key to software.net's long-term success as it continues to build the software.net brand to be the premiere software reseller on the Internet."
Prior to joining software.net, Breier was the vice president of marketing at Amazon.com where he helped lead the company's growth from $16 million in 1996 to almost $150 million in 1997. Before Amazon.com, Mark was vice president of marketing at a number of consumer companies including Cinnabon World Famous Cinnamon Rolls and Dreyer's/Edy's Grand Ice Cream. He also held product/brand management positions at Kraft and General Mills. Breier received MBA and BA degrees from Stanford.
"I am thrilled to join software.net as it enters an exciting new phase of growth," said Breier. "It's never easy to leave something as successful as Amazon.com, but the CEO position at software.net represents a very attractive opportunity. I'm looking forward to helping software.net take electronic software distribution and Internet commerce to the next level."
About software.net
software.net is the largest Internet-based software superstore focused on electronic software distribution, offering over 30,000 products to purchase with more than 3400 titles available for immediate electronic fulfillment. Products available for electronic fulfillment are from leading publishers like Adobe, Javasoft, Lotus, Microsoft, Sun Microsystems, and Symantec. software.net also creates and manages co-branded stores that include the: Claris Developer Center (http://clarisdev.software.net), CMPnet's TechShopper Software Store (http://www.techweb.com/shopper/softwarestore), Computer Currents Interactive Software Shop (http://currents.software.net), Netscape Software Depot (http://software-depot.netscape.com/) and SF Gate's Software Store (http://sfgate.software.net).
About CyberSource Corporation
CyberSource Corporation is a global provider of digital commerce and rights management services to conduct secure, electronic delivery of digital products and services via the Internet. CyberSource's services include real-time payment processing in 26 currencies, fraud screening, sales tax/VAT calculation, export control, territory management, secure digital goods delivery, a Global Rights Registry, and EDI links for physical goods fulfillment. CyberSource's quick-start program enables merchants to process transactions online in less than a week. More than 250 major software publishers, distributors, resellers, and digital content suppliers have turned to CyberSource. Customers include: Adobe, AutoDesk, Block Financial, IBM/Lotus, Liquid Audio, Microsoft, Netscape, Programmer's Paradise, Qualcomm, Real Networks, Symantec, T. Rowe Price, Tandem, and Wall Data. Founded in 1994, CyberSource is a privately held company headquartered in San Jose, California and maintains offices!
in the United States and Europe.
CONTACT: software.net
Marguerite Padovani, 408/490-3003
padovani@software.net
www.software.net
or
CyberSource Corporation
Bret Hydorn, 408/260-6060
breth@cybersource.com
www.cybersource.com
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