John Benger Named New Vice President of Finance

WALTHAM, Mass., Feb. 1, 2012 /PRNewswire/ -- Profitect, a profit-amplification solution provider for retailers, announced today that it has named John Benger as the new Vice President of Finance to support the continued domestic and international growth.

(Logo: http://photos.prnewswire.com/prnh/20110712/NE33204LOGO )

As the VP of Finance, John brings a broad range of financial and operational experience in both public and private technology companies. Serving as a senior finance executive with Spaceclaim, Dassault Systemes, CoCreate and Data General, John developed an expertise in creating value through business transformations, restructures and high growth environments; both domestically and internationally.

"Profitect is an exceptional company helping retailers improve their financial infrastructure to achieve growth potential.  Profitect has one of the strongest executive teams and the most experienced staff in the industry," said John Benger. "Having worked with retailers, I understand the value Profitect can provide companies, and look forward to helping them expand their market share."

"We are delighted to have someone with John's expertise and experience join Profitect to assist in this critical role," says Guy Yehiav, CEO of Profitect. "Not only does John have a long history of working with accounting, finance, IT and administrative teams, but he also brings an understanding of operations through managing R&D, Consulting, and Customer Support which helps tremendously with our continuing growth and community involvement."

John earned his Bachelor of Science from Bloomsburg University Pennsylvania, and a Masters of Business Administration from Southern New Hampshire University.

Profitect Continues to Hire
With a continued focus on expanding its Massachusetts headquarters, Profitect will be looking to local universities and colleges to fill job openings.  Profitect will begin by partnering with Babson College on February 7, for an "Evening with MBA Students".  In addition to seeking qualified candidates, Profitect plans to share its knowledge and insights on what skills employers feel are the key to being hired.

"Having Profitect participate in MBA Tuesdays allows us to help ensure that the next generation of business men and women enter the corporate world fully prepared and qualified," says John Benger.

About Profitect
Profitect's profit-amplification solution enables you to quickly discover and actualize untapped profit and growth opportunities across the entire retail value chain. Profitect's algorithms quickly identify measurable profit optimization opportunities through the identification of value chain margin leakage, shrink, waste, process errors, and operational risks and damages — returning intelligent, prioritized actions for increasing profit. For more than 16 years, Profitect's expertise has successfully amplified profits for retailers worldwide and delivered immediate ROI supported by modular, quick, non-disruptive deployment of modern, scalable technology and time-tested best practices. With 100% customer success, Profitect consistently fulfills its commitment to deliver more than 5% profit increase within six months.

SOURCE Profitect