Centage Corporation Appoints Software Industry Veteran Ken Marshall as Interim CEO

NATICK, Mass., Nov. 28, 2017 /PRNewswire/ -- Centage Corporation (www.centage.com) has announced Ken Marshall as interim CEO in the wake of the passing of former President and CEO, Barry Clapp on November 16, 2017.

Introduced to Centage six years ago, Mr. Marshall had been an advisor to the company on creating a detailed roadmap for the business. He also assisted Centage in finding Mr. Clapp, who spent the last five years executing against that growth plan while capitalizing on the market opportunities open to the company.

"I take my responsibility to Barry, as well as Centage's customers, employees, and shareholders seriously. My plan is to continue the momentum Barry created with his team to bring market leading budgeting and planning products and services to the mid-size business market. Barry established high standards for Centage's products and services, and I look forward to maintaining and elevating the standards he set," Mr. Marshall said regarding his new role.

Jeb Spencer, executive chairman of Centage, expressed his appreciation at Mr. Marshall stepping into the role. "Ken has an extensive background in leading high-performing technology companies. He's helped set Centage on the right path in the past, and is absolutely the correct choice to keep us moving forward during this transition."

In addition to previously advising Centage, Mr. Marshall has honed his exceptional leadership skills over more than twenty years as a Chairman, CEO and Board member of many technology companies including Correlsense, Carbonflow, Giga Information Group and Object Design. He was also a group Vice President at Oracle Corporation, and founder of Oracle's consulting services business. Most recently, he was the CEO of QuickPivot, where he remains Chairman and co-founder. Mr. Marshall holds a bachelor's degree in Education from Northeastern University and a master's in Economics from Boston College.

About Centage
Centage Corporation develops automated, budgeting, and planning software solutions for mid-market organizations. Its flagship product, Budget Maestro® is an easy-to-use, scalable, cloud-based budgeting and forecasting solution that eliminates the time-consuming and error-prone activities associated with using spreadsheets. Designed to support a comprehensive Smart Budgets approach to corporate planning, Budget Maestro offers built-in financial and business logic which allows users to create and update budgets and forecasts quickly and accurately. It is the only solution that offers synchronized P&L, balance sheet and automatically generated cash flow reporting. Budget Maestro serves more than 9,000 users worldwide. Visit us at Centage.com, follow us on Twitter, or visit the Centage Blog for the latest insights on budgeting and forecasting strategies.

SOURCE Centage Corporation

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