Press Releases : 2007

Oblicore Names Michael Carabetta CEO

Service Level Management Leader Appoints Seasoned Executive to Lead Worldwide Expansion

CAMBRIDGE, Mass., April 2, 2007 – Oblicore, a leading provider of Service Level Management software, today marked a new phase of company growth with the appointment of Michael Carabetta as chief executive officer. As CEO, Carabetta will oversee all facets of Oblicore’s operations, including finance, sales, corporate and business development, marketing, professional services, and engineering as well as investor relations. Jonathan McKay, who has been acting both as Oblicore’s chairman and interim chief executive officer, will continue to serve as chairman.

Carabetta most recently held the position of president and chief executive officer for ManageSoft, a leading international provider of software management and compliance solutions. Prior to joining ManageSoft, Carabetta was CEO at PS’SOFT USA, a global provider of IT asset and service lifecycle management solutions. As the former president and COO of Novadigm, Carabetta successfully transformed the company into a profitable, high growth software enterprise. Carabetta has also held senior management positions at Amdahl Corporation and Digital Equipment Corporation (DEC). Carabetta holds a bachelor’s of science degree in accounting from Quinnipiac University and a master’s of science degree in accounting from Bentley College. He is also a graduate of the Digital/Insead International Management Program in Insead, France.

“Michael’s expertise in our industry, his commitment to growth and vision, combined with his proven track record for successfully leading global enterprise software companies makes Michael an ideal fit for CEO of Oblicore,” said Jonathan McKay, chairman of the Oblicore board of directors. “We are pleased to have Michael join us at this important stage in the company’s development.”

“Oblicore’s success with some of the leading Global 1200 and large service provider organizations prove that the company has the ability to execute in the marketplace,” said Michael Carabetta. “I look forward to leveraging my experience as we take Oblicore to the next level, expanding the success of the company on a global level and making Oblicore the top choice for organizations seeking solutions for service level management, business service management and sourcing management.”

About Oblicore

Oblicore is the leading provider of Service Level Management software. The company’s flagship product, Oblicore GuaranteeTM, automates, activates, and accelerates the monitoring, reporting, and management of all business technology service level agreements and service delivery for enterprises and service providers. An enabler of business management, Oblicore Guarantee allows organizations to understand the cost implications of service delivery agreements – in real time – for penalties, rewards, and new opportunities. For the first time, enterprises and service providers have complete visibility and can proactively manage service delivery across business and technology infrastructure from one solution. 

http://www.oblicore.comOblicore’s software solutions are leveraged by both service providers and global 1200 enterprises, such as ABN Amro, BT, Cable & Wireless, E.ON, France Telecom, Lufthansa Systems, Siemens Medical Solutions, and T-Systems, to align their organizational performance with business objectives. Oblicore is headquartered in Cambridge, Mass., with offices across North America, Europe, and Asia Pacific. For more information, please visit .

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