Glasson brings extensive experience in software development to Lavante, which will accelerate innovations in its SaaS-based profit recovery and vendor management products. In addition to Glasson, Lavante continues to build its organization to increase product development, enhance customer service, expand audit operations and accelerate growth.

In a year that has seen many companies struggle in the midst of a challenging economic environment, Lavante has generated significant growth and momentum as it changes the fundamental nature of the profit recovery audit industry. As companies are forced to reduce staff, increasingly Accounts Payable and Accounts Receivable departments at Fortune 1000 companies are viewing Lavante services as an extension to their vendor file and cash flow management efforts.

News Highlights

--  Vice President of Product Development -- Leigh Anne Glasson brings
    more than 20 years of software development and engineering leadership
    experience to Lavante. Most recently, Glasson was the vice president of IT
    applications at VMware where she fostered engineering execution excellence.
    Prior to VMware, she was the vice president of engineering at Ariba where
    she was responsible for all development, QA and support for the Ariba
    Supplier Network and all of Ariba's procurement products. During her more
    than nine years at Ariba, Glasson held various senior technical leadership
    roles and helped the company grow from its early stages into a large,
    successful corporation. Previous positions include engineering management
    roles at DataMind, Informix and Hewlett Packard. She holds a B.S. in
    Computer Science from California Polytechnic State University.
--  Sales Growth -- The number of new customers acquired has doubled
    compared to the same nine month period a year ago. Additionally, the size
    of the companies contracted with has increased by over 30%, a positive
    indicator for future revenue. All of the new customers added to-date in
    2009 are Fortune 1000 companies.
--  Organizational Expansion -- Lavante has continued to invest in
    personnel across the organization to support its rapidly expanding
    business. Management and staff additions in development, audit consulting,
    sales, and finance have been made this past quarter.