PINC Solutions, the leader in supply chain asset visibility and yard management solutions, today announced a new round of financing and additions to its management team. PINC’s series D financing was led by the company’s previous investors Sutter Hill and Horizon Ventures to further accelerate its market leadership, growth, and customer success. The company’s board of directors also appointed Ken Colby as the new Chief Executive Officer. He assumes the role previously held by Aleks Gollu, co-founder of the company. Dr. Gollu has been appointed Chief Technology Officer, and will now focus his efforts on driving further innovation for the company’s best-in-class asset visibility solutions. The new executive appointments are effective immediately.
“PINC Solutions has redefined the asset visibility and management space for the Supply Chain Logistics industry with its innovative technology and value proposition,” said Tench Coxe, managing partner at Sutter Hill Ventures. “The company is poised for growth and success.”
Ken Colby has almost three decades of Software and Services Operations experience, including more than 5 years as a President or General Manager, driving long-term profitable growth and leading teams across the globe. Ken most recently served as SVP of Global Operations for Smart Drive Systems where he oversaw the deployment of an industry-leading solution for driver safety and fleet productivity. Through the end of 2007, Ken held the position of President and General Manager of @Road, the leading SaaS-based provider of mobile resource management solutions for commercial fleets in North America. Ken delivered over $100 million in revenue and led the company following its acquisition by Trimble Navigation, a worldwide provider of advanced GPS solutions with operations in more than 100 countries. Prior to @Road, Ken held executive level positions at Sybase, Oracle, Mincom and a number of enterprise software providers. He served twelve years in the U.S. Navy and is a graduate of the U.S. Naval Academy at Annapolis, Md where he holds a B.S. in Engineering.