Vinimaya Names Mike Palackdharry as the President and CEO

CINCINNATI, May 12, 2015 /PRNewswire/ -- Vinimaya, Inc., the leading provider of procurement marketplace solutions and catalog management services, announced today the appointment of Mike Palackdharry as the new President and Chief Executive Officer. Mike brings over 25 years of experience and a proven track record of leadership and exponential sales growth to Vinimaya.  John Hutchinson, current Vinimaya President and CEO, has been appointed to the role of Head of Corporate Development of Vora Ventures, the parent company of Vinimaya, and will join the Vinimaya Board of Directors.

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Prior to joining Vinimaya, Mike served as the President of Nationwide Energy Partners in Columbus, Ohio, where he was instrumental in driving exponential growth in that business.   Prior to the role at Nationwide Energy Partners, Mike worked at Convergys Corporation as a senior executive, holding several key leadership positions within the Information Management business unit.  While at Convergys, Mike was responsible for leading and transforming the global telecommunications line of business while managing the vertical's $260 Million P&L.  Mike brings vast experience in corporate strategy, sales expansion, product/solution development, client experience management and delivery excellence.

"Mike is a charismatic leader and a team builder; above all, he is a hands-on executive who has an impeccable track record of delivering double digit sales growth year-over-year, with almost every major position he has held over the past two decades," said Mahendra Vora, Chairman of the Board of Vinimaya and Managing Director of Vora Ventures. "We are very fortunate to have a leader such as Mike join our team.  We are looking forward to the next phase of growth at Vinimaya under his leadership."

"I am thrilled to be part of the Vora Group, a unique technology holding company that is known for its innovation and family-based culture," said Palackdharry. "I am also extremely excited to come back to Cincinnati to lead a truly high tech, cloud-based company.  Vinimaya has unlimited potential and will continue to lead innovation with its products and unique assets in the supply chain and procurement market," he added.

About Vinimaya
Vinimaya, Inc. is a privately held procurement solutions company that provides innovative eProcurement shopping technologies and services for both buyers and suppliers based on its vMarketPlace cloud-based solution. vMarketPlace integrates with any ERP or eProcurement system to complement and extend their capabilities. vMarketPlace provides supplier catalog management, cross-catalog search, consumer-like shopping experiences and flexible eProcurement tools that increase user adoption, drive compliance and allow organizations to realize the true savings of their negotiated contracts. Visit www.vinimaya.com. Twitter: @vinimaya_inc.

About Vora Group
Vora Ventures is headquartered in Cincinnati and includes a portfolio consisting of 12 companies providing software, services and technology infrastructure. Combined, the Vora Group employs more than 2,000 people worldwide. The group offers unique benefits to its portfolio companies by sharing a tremendous pool of intellectual property and proven, experienced management. Built over 21 years, the Vora Group has an impeccable reputation for its integrity, quality, business savvy, and speed of execution. The Vora portfolio of companies includes: Ascendum, CenterGrid, Bluespring, Vinimaya, Zakta, OpenCommerce, AssureCare, Talentnow, Koncert, cFirst, ThingZingo and the Vora Technology Park.

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SOURCE Vinimaya, Inc.