BWI: Cambridge Technology Enterprises Names Stefan Hetges as the New CEO

Press release from Business Wire India
Source: Cambridge Technology Enterprises Ltd
Thursday, December 10, 2009 11:11 AM IST (05:41 AM GMT)
Editors: General: People; Business: Advertising, PR & marketing, Business services, Information technology; Technology
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Cambridge Technology Enterprises Names Stefan Hetges as the New CEO


Hyderabad, Andhra Pradesh, India and Manheim, Germany, Thursday, December 10, 2009 -- (Business Wire India) -- Cambridge Technology Enterprises (CTE) today announced the appointment of Stefan Hetges as its new Chief Executive Officer (CEO. Stefan comes to CTE as a part of the recent acquisition of smartShift, which he co-founded and led. He joins CTE's existing management team along with recently appointed Marco Farsheed, COO; Arjun Chopra, CTO.

"We are excited to have Stefan as the new CEO of CTE," said Bhaskar Panigrahi, CTE Chairman. "We believe that his leadership abilities and vision, together with expertise of the existing management team, will drive CTE's next phase of growth.

"With the new management Marco and Arjun and the existing team, we are convinced to deliver sustainable value to our customers" said Stefan Hetges, CEO of CTE. "CTE has the right combination of talent and IP to support our rapid growth"

Stefan Hetges, CEO

Stefan joined CTE as a part of the recent acquisition of smartShift, the leading provider of tool-based modernization of complex IT systems. Stefan started his career as a consultant at Cambridge Technology Group. In 1993, he joined i-Cube as the first employee and was instrumental in the company's growth and later became responsible for i-Cube's European business. The company grew to over $100 million in revenue and went public in 1998. In 1999, i-Cube was acquired by razorfish. In 2001, Stefan acquired the assets of i-Cube from razorfish in a management buyout and formed smartShift. Stefan has a Masters in Computer from University of Constance.

Marco Farsheed, COO

Prior to joining CTE, Marco was the Managing Director of Sina Partners, a private investment company. Marco has over 20 years of experience in building successful software and services businesses. He has held executive positions - sales, marketing, business development and general management -- in a number of private and public companies such as Streambase Systems, DYS Analytics (now Permessa), C-bridge Internet Solutions (IPO - CBIS), Platinum Technologies (Acquired by Computer Associates). He also held sales and engineering positions at Wang Laboratories. Marco has a Bachelor of Science in Mechanical Engineering from Northeastern University and an MBA from Harvard Business School.

Arjun Chopra, CTO

In additional to being the CTO of CTE, Arjun is also the CEO of Vox Holdings, a company he founded in 2006 to spur the creation, consumption and monetization of Open Source Software. Arjun holds multiple technology patents, has worked extensively with Open Source Software for over 10 years and has held several technology development and management positions in Consumer and Enterprise software companies, including Microsoft, Motive and IBCC. He has a BS in Computer Sciences with Highest Honors from The University of Texas at Austin, where he was an Endowed Presidential scholar, and an MBA from Harvard Business School, where he was one of 32 nation-wide PD Soros Fellows.

About Cambridge Technology Enterprises

CTE is a global business and technology services company. Recognized as a thought leader and innovator of enterprise modernization services, CTE solutions improve business performance and provide clients with a compelling competitive advantage. CTE services include IT Modernization, Application and Infrastructure Managed Services and Business Process Outsourcing. CTE customers are major global commercial and government organizations such as Vodafone, AIG, Pfizer, State Bank of India and US government agencies. CTE leverages world-class talent, proven tools and methodologies and global development centers to provide highly innovative and competitive solutions. For more information, please visit www.ctepl.com


CONTACT DETAILS
K N Saritha, Cambridge Technology Enterprises Ltd, +91 (40) 2043 4400 / +91 80080 04041, ksaritha@ctepl.com

KEYWORDS
PEOPLE, MARKETING, BUSINESS SERVICES, IT, TECHNOLOGY, CTE.BO, CTE.NS

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