Ghez, age 50, joins Octavian after a successful career of more than 20 years serving in numerous executive positions in the global high-tech industry. Before joining Octavian, Ghez served as the president and CEO of Sheer Networks and led its acquisition by the communications giant Cisco (Nasdaq: CSCO) for $122 Million. Ghez formerly served as Vice President for Global Customers at Amdocs (Nasdaq: DOX) and before that as Senior Vice President and General Manager of the Financial Products Business Unit at Computer Associates (Nasdaq: CA). Ghez also has vast experience as an ERP Project Manager in the European banking market.
Octavian, founded in 2004 by Moshe Barnes, develops and markets software solutions for the Wealth and Investment Management Industry. Octavian simplifies the management and oversight of investment services for multiâplatform financial service organizations. Octavian's revolutionary platform, The Financial Information Rationalization Engine (FIRE), sits at the core of Octavianâs cutting edge revenue management, reporting reconciliation and data consolidation solutions for the W&IM market with support for Depository Trust & Clearing Corporation (DTCC) Managed Account Connectivity. Today, the company has approximately 35 employees and is headquartered in Boston with offices and a development center located in Tel Aviv.
Avi Zeâevi, a Managing Partner at Carmel Ventures and Octavian's new Chairman says "I have known Ghez for several years as an excellent manager and he will surely be able to lead Octavian to significant achievements." Zeâevi added "He is one of the most highly experienced executives in the international software and IT market and I am certain that under his guidance Octavian will succeed in reaching new levels of achievement and growth. Octavian is one of the most promising software companies in the financial sector and I have no doubt that Ghez will make a serious contribution to the companyâs growth as well as the expansion of the scope of its activities throughout the world."
"I believe the company and its products, led by Moshe Barnesâ vision, offer a real added value to financial service organizations" says Ghez. "This is undoubtedly a challenging position for me," added Ghez. "The company has primary sales from a list of leading global financial customers such as Bank of America and Oppenheimer Funds, but has undoubtedly not yet exhausted its potential. I believe that Octavian is positioned well to be a leader in the field of solutions for Financial Service organizations in the Wealth and Investment Management market (W&IM). The significant changes occurring in this market, primarily in its scope of activities and complexity, assure continued growth in demand for the company's products," says Ghez.