Retail software veteran Manav Misra joins XProtean as Chief Operating Officer

MILPITAS, CALIFORNIA, November 5, 2007 – XProtean’s CEO, Jag Kapoor, today announced that Manav Misra will be joining XProtean, Inc. as COO.  In a statement released today, Jag said that Manav’s experience and expertise would provide impetus to the company in the execution of its growth plans for the US as well as the global market.  “I am excited to join such a dynamic team with a focus on meeting the needs of the C-Store and QSR spaces”, said Manav Misra.  “XProtean’s easy to use, robust, modular, and scalable solutions provide a perfect solution for managing small format stores and I look forward to contributing to XProtean’s growth”.

Prior to joining XProtean, Manav was a Co-Founder and VP of Strategy for StorePerform Technologies, which was sold to RedPrairie Corporation.  StorePerform helped establish the space of Store Execution Management: software that helps retailers successfully manage the execution of tasks and initiatives across their whole chain of stores.  StorePerform counted some of the largest retailers among its customers, including six of the top fifteen retailers in the US.  Prior to co-founding StorePerform, Manav was the Senior Director of Strategy at KBToys.com and was actively involved in the acquisition of eToys.  Manav also had the role of Senior Director of Business Intelligence at KBToys.com during which time he led the BI team in building a data warehouse, decision support system, and analytics tools. Earlier, he was a professor of computer science at the Colorado School of Mines where he performed research in Intelligent Systems and High Performance Computing. His specific interests were in data analytics, and mining large data sets. He has a BS from the Indian Institute of Technology (Kanpur) and a Ph.D. from the University of Southern California.

XProtean’s suite of products provides an integrated retail management solution to retailers, especially in the Convenience and Quick Serve Restaurant (QSR) verticals. XProtean’s strength lies in providing technologically advanced products that are affordable, modular and scalable, and an ideal fit for the upcoming trend of combined C-Stores and QSRs units.  XProtean provides solutions for transaction management, electronic payment processing, inventory and price-book management, customer loyalty programs, stored value card solutions, and all other critical business requirements.

Contact:

Contact Person: Ajay Pahwa
Company Name: XProtean, Inc.
Telephone Number: (408) 933-4466
Fax Number: (408) 933-4545
Email Address: info@xprotean.com
Website address: www.xprotean.com