Vora Ventures Appoints John Hutchinson to the Role of Head of Corporate Development

CINCINNATI, May 12, 2015 /PRNewswire/ -- Vora Ventures, a Cincinnati based, privately held equity group that specializes in building innovative IT companies worldwide, announced today the appointment of John Hutchinson to the role Head of Corporate Development. John brings over 15 years of experience and a proven track record of leadership in technology, software, and services, most recently as President and CEO of Vinimaya, a Vora Ventures portfolio company.  Hutchinson will join the Vinimaya Board of Directors.

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In his role as Head of Corporate Development, Hutchinson will be responsible for strategic growth of the Vora Portfolio of 12 information technology companies with a focus on development, mergers and acquisitions, new investments and strategic partnership/alliance development.

"With 30%+ annual growth rate across the Vora portfolio, we needed additional executive talent at the group level to drive our aggressive continued expansion plans.  John brings a tremendous skill set and understanding of the Vora companies to this important role," said Mahendra Vora, Chairman of the Board of Vinimaya and Managing Director of Vora Ventures. "I look forward to working closely with John as we maximize the potential of our existing portfolio of companies, and to pursue new opportunities."

"Vora Ventures has experienced tremendous success, and I am excited for the opportunity to work with so many outstanding companies and executives, said Hutchinson. "The potential and opportunity at Vora Ventures is unlimited.  I look forward to working with this talented team to build world-class companies as part of the growing Cincinnati technology community."

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.

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.

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SOURCE Vora Ventures