Click here to view PDF

HOUSTON (August 6, 2008) – SolArc, a global provider of commodity supply, trading and risk management software solutions, has appointed software industry veteran Stephen Odom as chief operating officer. Odom brings significant business operations, management and partnering expertise to his executive role at SolArc. Odom has served on the SolArc Board of Directors since 2004.

“Steve’s experience managing rapidly growing software companies will prove valuable to the company as we continue our global growth in strategic markets,” said SolArc CEO Brad Anderson. “His knowledge of SolArc, gained through his experience on the board, will uniquely position him to immediately provide a positive contribution. For almost 20 years, SolArc has been led by industry experts with the highest levels of industry leadership and adding Steve further complements our strong executive team.”

“SolArc’s customer base is world-class, and its enterprise-class software solution has been proven in the most challenging environments across a range of commodity supply and trading markets,” Odom stated. “I believe the company is positioned well to experience significant growth, and I am excited about the opportunity to join the SolArc team.”

A 20-year veteran in the software industry, Odom has successfully provided executive leadership, as well as merger and acquisition guidance, to a number of public and private hightech companies. Odom was COO and CFO of Mission Critical Software until its merger with NetIQ Corporation in 2000, CEO of Neon Systems and, CFO of Learmonth & Burchett Management Systems. Most recently, Odom was COO and CFO of Permeo Technologies Inc., a leading provider of on-demand information security solutions, from 2004 until its acquisition by Blue Coat Systems in 2006. Odom also advised numerous high-tech companies as a partner with PricewaterhouseCoopers.

About SolArc
SolArc, Inc. is a global provider of commodity trading and risk management software and services that can dramatically improve the operational and financial performance of companies dependent on commodity-intensive markets.

SolArc’s integrated application suite delivers greater enterprise insight and control over the entire commodity-based value chain within an organization. The SolArc solution offers innovative technology based on industry-leading services and world-class expertise that connect professional disciplines like trading, scheduling, accounting and risk management across both physical and financial commodity transactions.

Since 1991, SolArc has become a trusted solution provider for an international clientele of leading corporations across a range of vertical industries, including Energy, Transportation, Finance, Agriculture, Consumer Goods and others. Headquartered in Houston, Texas, SolArc also has offices in Tulsa, Oklahoma, London, and Singapore.