CODA nets experienced sales staff to join expanding CODA 2go team and opens office on US west coast

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08 September 2009

• New sales people join the US and UK teams as Group extends market reach for its SaaS accounting solution
• Group announces a new office to meet demand for cloud accounting solution in the US

CODA, the financial software specialist, has announced that it has appointed Adrian Ivanov as its new VP of Sales for CODA 2go, the first and only enterprise SaaS finance application built on salesforce.com’s Force.com platform. In addition, three new Account Executives join the CODA 2go team. Alexander Turner and Christopher Zyla join Adrian to extend the USA sales team while Tony Pickering joins the EMEA team. A new office has been established in San Mateo California as CODA seeks to take advantage of the increasing level of interest and demand for its cloud based accounting solutions.

Adrian and his team bring a wealth of experience in enterprise software, business development, product positioning and marketing from their time with companies including Oracle, PeopleSoft, Workday and Zoho, Such experience will be crucial as CODA looks to take CODA 2go forward to wider market adoption.

In addition, CODA has established an office in San Mateo California. This will enable CODA to offer a more local service to customers on the West coast of the USA and will serve as CODA 2go's principal office alongside existing operations in New Hampshire, USA and in the UK.

Adrian commented: “These are exciting times for CODA 2go. As organizations of all sizes begin to recognize the benefits of cloud accounting, CODA 2go’s competitive advantages stand out more clearly than ever. Only CODA 2go offers the secure, reliable, thoroughly tested infrastructure of the Force.com platform, and the expertise that comes from CODA’s 30 years developing finance software. As part of Unit 4 Agresso, CODA also has the backing of its parent company, a hugely successful global player in the business and financial software space. I’m delighted to work with the CODA team and look forward to taking CODA 2go into new and exciting markets as we build on its success around the world.”

CODA’s latest announcements come as the company expands its presence in the US finance software market, most recently through alliances with Force.com application solutions expertsMavens Consultingand outsourced online accounting solution providerCorefino

“Over the past few months, we’ve seen a sharp increase in the number of leads for CODA 2go,” said Jeremy Roche, CEO, CODA. “Enlarging our sales team and opening a new office will help us explore those opportunities and expand the user community for CODA 2go. The salespeople will work with our partner community to ensure we deliver not only a first-class financial solution in the cloud but also first-class customer support and service.”

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About CODA

CODA was founded in 1979 and has around 500 employees working at 18 offices in 14 countries. It creates, markets and implements a comprehensive range of software systems designed specifically to meet the needs of financial directors and finance Departments. These include financial management systems, analysis applications, and business process management and control software to implement compliance solutions. Its service oriented architecture also makes CODA software easy for clients and other vendors to integrate with their business applications.
 
CODA software is designed for multi-currency, multi-language, multi-country, multi-company and multi-site operations. It is used by around 2,600 medium and large organisations in over 100 countries in a variety of markets and within both public and commercial sectors.

CODA part of Unit 4 Agresso NV, which is headquartered in the Netherlands and listed on the Amsterdam stock exchange (U4AGR).

For more information please visit:www.coda.com

About CODA 2go

CODA 2go is CODA’s new SaaS accounting application designed to deliver high functionality accounting on a subscription basis. It is the first international SaaS accounting system developed on salesforce.com’s cloud computing platform, Force.com

For more information, please visitwww.coda2go.com.

About Unit 4 Agresso

Headquartered in Sliedrecht, the Netherlands Unit 4 Agresso was founded in 1980. Today, Unit 4 Agresso is the 4th largest mid-market ERP solution provider in the world according to analyst IDC (2008). It develops, sells, implements and supports business software for running, managing and optimising a wide range of private and public sector organizations across the globe. The group has 3,500 staff in offices across 14 European countries and 5 countries outside Europe, from where it supports customers and partners in all regions of the world. It is publicly quoted on the NYSE Euronext Amsterdam (U4AGR).

ABOUT CODA

CODA creates, markets and implements a comprehensive range of software systems designed specifically to meet the needs of Financial Directors and Finance Departments. These include financial management systems, analysis applications, and business process management and control software to implement compliance solutions. Its service oriented architecture also makes CODA software easy for clients and other vendors to integrate with their business applications.

CODA was founded in 1979 and has around 500 employees working at 18 offices in 14 countries. CODA software is designed for multi-currency, multi-language, multi-country, multi-company and multi-site operations, and is used by around 2,600 medium and large organizations in over 100 countries in a variety of markets and within both public and commercial sectors.

CODA is a Unit 4 Agresso company. Unit 4 Agresso is a leading international producer of business software for service companies and organizations. With offices in 19 countries, including the United States and Canada, and sales activities in several other countries, annual revenue of €393.6 million was realized in 2008. Unit 4 Agresso is headquartered in Sliedrecht, the Netherlands and employs around 3,500 people.

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