AUSTIN, Texas, Apr 16, 2013 (GLOBE NEWSWIRE via COMTEX) -- via PRWEB - Macheen Inc., a leading mobile cloud application service provider for connected devices, is setting the stage for exponential growth with the addition of Greg Stock as president and CEO. A proven leader in rapidly growing companies, Stock will bring deep technology industry and marketing experience to Macheen. Richard Schwartz, will continue to serve the company as chairman of the board of directors and chief strategy officer.
Stock brings to Macheen more than 20 years of executive leadership with high-growth companies, many of which have gone public or been acquired. His talents and leadership have helped successful companies reach new heights by aggressively driving higher revenues, building vast partnerships and opening new channels for sales.
"Increasingly, the world around us is becoming an always-on, always-connected environment, but traditional data plans with long-term contracts, high monthly fees, and outrageous roaming costs make it difficult for enterprises to keep their employees connected and productive. Macheen has the technology to flip that model. With its Pinpoint Services, Macheen intelligently delivers access to the business critical cloud applications and services that users need, at a right sized price," said Stock. "This capability opens up an enormous market opportunity that we are leading. I'm very excited to join Macheen at this stage in the company's history, and I look forward to leading it to the next level of success."
Stock was chairman and CEO of Vovici, an enterprise feedback management company that was acquired last year by Verint-Systems, a big data solutions provider. Before the acquisition, he grew Vovici's customer base to more than 1,200 companies including 50% of the Fortune 500.
Prior to Vovici, Stock was president and CEO of Mirage Networks until it was acquired by Trustwave in 2009. While there he grew Mirage's customer base from zero to 600 companies across 40 countries and secured $37 million in funding.
Prior to Mirage Networks, Stock was a key player in several successful technology companies. As vice president of marketing, Stock drove Vastera, a provider of global trade management solutions, to a market leading position and was instrumental in the company's successful initial public offering in September, 2000. Previous to this, Stock helped Manugistics, the supply chain management leader, grow to more than $200 million in revenues and initiated the company's expansion into China and Australia.
Stock is now joining another disruptive market player that is poised for rapid growth. The world of traditional mobile broadband--expensive monthly plans defined by lengthy contracts--is a one-size-fits-all-model that meets the needs and real-world preferences of only a fraction of mobile users. By comparison, Macheen's platform enables a uniquely flexible connectivity solution with Pinpoint Services and attractive economics, resulting in greater choice for end-users and new monetization opportunities for device manufacturers, value-added resellers, content and cloud service providers, and network operators.
"Macheen is very well positioned to drive a massive opportunity in the $2 trillion mobile data connectivity market," said Ned Hill, managing director at the Mercury Fund, a partner of the DFJ Global Network, and Macheen board member. "As Macheen's sales and operations scale, we wanted to invest in leadership with best-in-class growth-phase execution experience. With the addition of Greg, Macheen has all the resources it needs to accelerate in a big way."
Stock will immediately begin managing the day-to-day operations of Macheen. Schwartz, in his new position, will focus on developing new strategic relationships with data carriers, device makers and content providers to offer new connectivity options beyond traditional carrier data plans for a host of devices beyond the smart phone.
"Greg turbo-charges our capture of the market for connected services to connected devices," said Schwartz. "With the foundation in place, Greg brings the skills we need to ramp the operational aspects of our business and drive revenues. With this addition to our executive team, we are poised for tremendous growth."
Macheen Inc. is a leading global mobile application service provider for connected devices and services. Its flexible cloud-based platform enables innovative mobile business models and connected service offerings that can be tailored to individual device and market segments. Macheen is unique in providing a flexible platform for new mobile broadband subscription models for bundled access, sponsored content and fine-grained enterprise connectivity. Macheen has service in over 80 countries, with local service in 11 countries. Headquartered in Austin, Texas, Macheen maintains wholly owned subsidiaries in Germany and the United Kingdom.
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