Former Disney and Ford CIO Bernard F. Mathaisel Named CIO at Achievo Corporation

Former Disney and Ford CIO Bernard F. Mathaisel Named CIO at Achievo Corporation

May 25, 2007

    SAN RAMON, Calif., May 25 /Xinhua-PRNewswire/ --
Achievo(R) Corporation, the leading global software and
information technology outsourcing provider with a local
front-end and China back-end service model, today announced
that Bernard (Bud) F. Mathaisel has joined the company as
senior vice president and chief information officer.
Mathaisel reports to Dr. Robert P. Lee, Achievo's chairman
and CEO, and is a member of the corporate executive team. 

    (Logo: http://www.xprn.com.cn/xprn/sa/200611291032.jpg
)

    "Bud's credentials speak for themselves, and we
are thrilled that an executive of his stature and
experience has joined us," said Dr. Lee. "We are
building a company that is based on providing clients with
quality services, confidence and trust, and Bud's
background and guidance will help us to raise those
attributes to the next level. Bud is a visionary strategic
planner who has guided and deployed strategic plans
transforming organizations and creating competitive
advantage. He brings to Achievo a proven track record of
building and energizing competent teams of thousands of
people. These are skills that will serve us well in our
quest to become the premier global software and IT services
company."

    Highlights of Mathaisel's career include CIO positions
at Solectron, Ford Motor Company and Walt Disney &
Company. Earlier in his career, Mathaisel was founding
director of Ernst & Young's Center for Business
Innovation (CBI) in Boston, a group dedicated to the
conception and development of leading-edge ideas and
management approaches about business innovation.  

    "In my prior experiences as CIO and executive
advisor, I saw the power of the model we have at
Achievo," said Mathaisel. "I have first hand
experience with several companies whereby selective
outsourcing resulted in reductions in IT labor expenditures
by at least half, even accounting for additional management
and administration of the offshore service, all while
increasing capability with highly qualified people. The
total available market for software and IT outsourcing to
China is enormous. Our challenge is to make sure the world
knows who we are and what we do."

    In addition to a high profile executive career spanning
30 years, Mathaisel received bachelor's and master's degrees
in science from the Massachusetts Institute of Technology.
He based his master's thesis on computer systems
applications to operations research in the airline
industry.

    About Achievo 

    Achievo is a global offshore software and information
technology outsourcing provider with a local front-end and
China back-end service model. With expertise in diverse
technologies including Java/J2EE, .NET and embedded
platforms, the CMM-certified company offers improved
efficiencies, scale, diversification, and a combined talent
pool to deliver cost-effective, quality-centric, and
scalable IT outsourcing services to customers and partners
worldwide. Customers include IBM, HP, Sun Microsystems, CA,
Cadence, Accela, China Academy of Sciences, DaimlerChrysler,
Ellie Mae, ESRI, Audi, Fujitsu, Mercedes Benz, Mitsubishi,
Siemens, United Way, Hitachi, NEC, Pioneer, NTT Data,
Nomura, Toshiba and other Fortune 2000 companies.
Headquartered in the Silicon Valley, Achievo has offices in
the United States, Canada, Germany, China and Japan. For
information on the company and its services, visit 
http://www.achievo.com.

    (C) 2007 Achievo Corporation. All rights reserved.
Achievo is a registered trademark of Achievo Corporation in
the United States and in other countries. All other
trademarks are the property of their respective owners.


    For more information, please contact:

     Jayme Curtis, Public Relations
     Achievo Corporation
     Tel:   [phone]
     Email: [e-mail]