FOR IMMEDIATE RELEASE
February 21, 2012
Contact: Cathy Donohue, Account Manager
Millennium Integrated Marketing
cdonohue@mill-im.com
877-873-7445 ext. 204
CORNERSTONE SOFTWARE, INC. HIRES NEW CHIEF OPERATING OFFICER AND DIRECTOR OF COMPENSATION PLAN PRODUCTS
(NASHUA, NH) – Cornerstone Software, Inc., a privately-held software technology and consulting company, announced today that they have hired Jeanmarie Ward as Chief Operating Officer (COO) and Teanna Spence as director of compensation plan products. This announcement comes on the heels of the company’s acquisition of the Makana Motivator self-serve compensation planning software application that automates the sales compensation planning and payment process for small- to mid-sized businesses, enabling them to improve the way they plan, manage costs, and motivate their sales force.
As COO, Ward brings more than 17 years of technical experience to Cornerstone, and is responsible for developing the Makana Motivator product roadmap and leading the company’s software development, quality assurance, and consulting initiatives. Most recently Ward was a director of architecture at Fidelity Investments driving technology strategies and implementation for their Defined Contributions platform, which produces over a billion interactions annually. Prior to that, she was a senior consultant at Microsoft where she strengthened their technical presence with strategic financial services clients. Ward earned a B.A. in Computer Science from Boston University.
As director of compensation plan products, Spence is responsible for providing strategic product guidance for the Makana Motivator product line and leading the sales and support team. She also provides consulting services to small- and medium-sized businesses to help them develop sales compensation plans that deliver on their corporate goals. Prior to joining Cornerstone, Spence was director of compensation for Salary.com, which was acquired by Kenexa, and before that she was a co-founder of Makana Solutions. Spence earned a B.S.in Accounting from Salem State College in Salem, MA, and an M.S. in Business Management from Thomas College in Waterville, ME.
"We are very pleased to have Jeanmarie and Teanna join our team," said John Rindone, chief executive officer at Cornerstone. "They each bring a tremendous amount of industry experience and management capabilities that will help us re-launch Makana Motivator to the market and expand both the product line and the company."
About Cornerstone Software, Inc.
Cornerstone Software, Inc. is a privately held corporation launched in 1986 as a software technology and consulting company. In addition to the Makana Motivator sales compensation planning application, Cornerstone provides application development tools for the NonStop™ computing platform. Currently, Cornerstone products are installed worldwide. For more information call 877-881-0001 or visit www.makanasolutions.com.
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