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Celarix
Names Financial Management Veteran Robert J. Kelly As New
CFO
CAMBRIDGE, Mass.- September 19, 2000 - Celarix, Inc. (www.celarix.com),
dedicated to bringing real customers Web-centric collaborative
technology to improve the global supply chain, today announced
the appointment of Robert J. Kelly as Chief Financial Officer.
Kelly brings more than twenty years of technology and finance
experience to Celarix' executive management team and is charged
with leading the company's future strategic financial growth
initiatives through acquisitions and, ultimately, an initial
public offering.
For the last three years, Kelly was the executive vice president
and chief financial officer for Summit Technology (NASDAQ:
BEAM), where he was responsible for leading the company through
a follow-on offering and the acquisition of Autonomous Technologies.
He was also responsible for leading the financial organization,
managing all analyst and investor relations, and directing
the human resource and information technology divisions within
the entire organization. Summit Technology was sold to Alcon
Laboratories, a U.S. subsidiary of Nestle Corporation, in
a transaction finalized in August 2000.
"Bob's experience with international operations paired
with his assertive management style are the proven characteristics
we were looking for to drive our company to the next level,"
said Evan Schumacher, CEO of Celarix. As the former chief
financial officer for Bull HN Information Systems, the US
subsidiary of a French information technology company with
over $5.5 billion in revenues, Kelly was responsible for driving
the financial, business and legal initiatives for a global
organization. He led multiple acquisitions, implemented cost
reduction systems that were replicated worldwide by the parent
company and improved the profitability of the international
operations unit by more than $10 million in one year.
"Celarix has a superior product set and an outstanding
management team," said Kelly. "I was looking for
an opportunity with a lot of growth potential - Celarix is
beyond its years in product development and technology and
has established itself as a leader in the industry. So many
of the employees and executives have been on the client side
of the business and understand the issues and challenges faced
by our customers every day. The most successful companies
in America were built on the combination of superior products
serving underserved customers -- Celarix is serving underserved
customers with the very best supply chain technology available
today."

About Celarix
Based in Cambridge, Mass., Celarix, Inc. (www.celarix.com) was
founded in August 1998 by experts from the supply chain, logistics,
technology and transportation industries. By leveraging decades
of logistics experience, Celarix brings real customers Web-centric
collaborative technology to improve the global supply chain,
whether they're moving products across the street or around
the globe. Celarix enables logistics transactions and connects
customers with their internal systems and supply chain partners
through the latest messaging technologies, ultimately providing
retailers, manufacturers, distributors, carriers, freight
forwarders and other trading partners with the information
they need to improve customer service and profitability.
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