Procurement. Plain and Simple.
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   Management Team

Each member of the PurchaseSoft management team contributes extensive business management experience and a distinct skill set to the company. This team is highly collaborative and takes a hands-on approach to guiding the organization to success.

Name Position
Steven A. Flagg CEO and President 
Werner K. Loechle Chief Operating Officer
Kevin A. Yanoscik Chief Financial Officer
Stuart Williamson Vice President Support
Louis De Rose Director Strategic Services

Board of Directors
Name Position
Steven A. Flagg Chairman
Werner K Loechle Director
Kevin A Yanoscik Director


Steven A. Flagg (44) CEO, President and Chairman.  Mr. Flagg has served as the President, Chairman and as a Director since August 5th, 2002 . Mr. Flagg is Managing Partner and co-founder of Marsh+Flagg , a merger and acquisition advisory firm in La Jolla , California .  Prior to Marsh+Flagg , Flagg was an active individual investor and turnaround consultant to early stage technology companies, including Findcom, PurchaseSoft, and PointPoint.Com.  Flagg moved to La Jolla from Paris after several successful management assignments building international sales and consulting operations for companies such as KnowledgeWare and Sterling Software.  At Sterling , Flagg served as VP of Business Development for International where he led European M&A activity.  Flagg built the international business of financial software provider SS&C.   SS&C completed a $50 million IPO led by Hambrecht and Quist and Alex Brown.  Prior to Paris , Flagg was a successful software sales executive in NYC working for University Computing Company (acquired by CA), Oracle and KnowledgeWare.  Flagg graduated from SUNY Brockport NY with a major in business and sociology.

Werner Kuno Loechle (52) Chief Operating Officer. Mr. Loechle has been part of the business development team at the Company since August 2002 with the responsibility for acquisitions and partner development in Europe .  Loechle is founder and CEO of Profund Management Consulting GmbH and a Partner in Marsh+Flagg , La Jolla , CA .  He is a former Ernst & Young Partner and Geschaeftsfuehrer ( Stuttgart , then Paris), and served as Senior Vice President Worldwide KnowledgeWare, Paris . He was CIO in Pharmacia for five years implementing ERP in European operations. He has also served as CIO in an international pipeline company, implementing ERP on international level. He negotiated for E&Y an international partnership with SAP and served as CEO in two Internet and software companies.  His focus is on funding, M&A, turnaround, and interim management in the Information Technology industry.

Kevin A. Yanoscik (46) Mr. Yanoscik comes to the Company after working at Marsh+Flagg since 2002, as a financing and merger and acquisition advisor.   Kevin Yanoscik joined the firm after a twenty-year career in banking.  Starting with the predecessor banks to the current Union Bank of California , Kevin started his career in Seattle , Washington before relocating to San Diego and then Los Angeles , CA .  He has also worked for Hong Kong Shanghai Bank and spent several years with NationsBank, now Bank of America, and LaSalle Business Credit, part of the ABN AMRO Group.  With a diverse career including positions in credit and marketing, Kevin has worked in middle-market commercial banking and also asset-based lending and structured finance/cash flow lending.  He brings extensive transactional experience in mergers and acquisitions, turnarounds, and has had extensive training in trade finance.  Kevin received a BA degree from Temple University in Philadelphia , PA in political science and an MBA/Master of International Management Degree from the University of Denver .

Stuart Williamson (57) Vice President Support. Mr. Williamson has been a part of the PurchaseSoft restart team since January 2003 and is responsible for sales and customer support.  With a strong background in software and hardware support, and detailed knowledge of PurchaseSoft’s products, he has been instrumental in establishing a support infrastructure and the re-signing of maintenance agreements with PurchaseSoft customers.  Williamson rejoined the Company after serving as Sr. Quality Engineer from 1998 to 2001.  Prior to PurchaseSoft, Williamson worked for Microsystems Software, Datawatch, Merisel and others as manager of technical support services.  He is a Microsoft Certified Profession and has good working knowledge of Microsoft SQL, Oracle 8i, Sybase, Rational, ClearQuest, SQA, WebLoad, PowerBuilder and Silverstream.  He graduated Cum Laude from Central New England College and received his MBA from Nichols College .

Lou De Rose (65) Director of Strategic Services.  Mr. De Rose has been a part of the PurchaseSoft restart team since August 2002 and is responsible for developing procurement consulting services and procurement training.  De Rose is a pioneer in the development of Supply Chain Management.  His years of consulting and training for telecommunications, computer, and electronics-related companies on procurement, logistics, and outsourcing uniquely prepares him to apply that experience to a variety of industries.  He writes extensively for the business press, and is an accomplished public speaker.  He is the author of the books “How to Negotiate Purchase Prices”, “Value Buying”, and more recently, “The Value Network”.  Mr. De Rose has trained thousands of executives, managers, engineers, and other professionals on how to implement world-class procurement and logistics practices.  He is a former Professor and Chairman of the Business Management Department at Fordham University , and taught at Cornell and Manhattan College .  LouDe Rose is an Arbitrator on contract and trade disputes with the American Arbitration Association; is a Certified Consultant with the Institute of Management Consultants ; and has served on the Procurement Advisory Committee of the United States Senate.

Louis Blatt , PhD (40) Advisory Board.  Dr. Blatt has been a part of the restart team since August 2002 and provided technical and industry advice.  Blatt has held senior management positions in marketing, strategy, development, professional services, business development, and general management for software companies and technology practices.  He is currently SVP, Product Strategy of the Unicenter Brand at Computer Associates.  Prior to joining CA, he was President EMG and EVP Strategy and Corporate Development for Peregrine.  Prior to Peregrine, Blatt was EVP, Strategy, Marketing, and Business Development for MediaBridge where he transformed the Company from content management to CRM and successfully sold it for $265 million.  He was a Partner at Andersen Consulting where he started and grew a CRM and Internet practice.   Prior to that, he held technical and management positions at Logica Inc., AT&T and Wang Labs as an engineer and product manager focused on user interface technologies and software products.  Blatt earned an MA and Ph.D. from Boston University , a BA from Susquehanna University and has studied at Harvard Business School ’s Executive Management Program for Leadership.


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