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Technology entrepreneur and venture capitalist to drive QL2’s strategy and expand global footprint.

Seattle, WA (PRWEB) August 20, 2008 — QL2, the leading provider of real-time market intelligence, today announced that Russ Aldrich has joined as Chief Executive Officer (CEO). Aldrich brings more than 35 years of experience, both as an executive in the software industry and as a managing director in venture capital firms. His ongoing commitment to fostering emerging technologies from concept to reality gives him the understanding and vision required for continued development of QL2 as an essential strategic partner for its customers.

Over the past five years, QL2 has experienced steady growth in both its revenue and customer base, while realizing early acceptance by the industry. QL2 has received numerous business, financial and technology awards including Inc. Magazine’s Inc. 500, the Red Herring 100, Software 500, KMWorld’s 100 Companies that Matter and Trend Setting product of the Year. QL2 is the dominant source of real-time price and availability information in the travel industry with over 100 airline, hotel and car rental companies as customers.

“My goal is to help QL2 transform the web into a powerful database by creating a structure for the massive amount of data available and then making that data accessible and actionable by business managers. QL2 will become the premier provider of market intelligence from the web to the enterprise,” said Aldrich. “We have a proven history of delivering mission critical applications and services to Global 1000 customers. We look forward to continuing innovation, reaching new markets and expanding QL2’s global footprint.”

Prior to joining QL2, Aldrich was engaged on a project with the Office of Technology Transfer at the University of Washington and Executive Director of Guide Ventures LLC, a Seattle-based venture capital firm. As a venture capitalist, Aldrich has helped multiple companies grow from ideas to multi-million dollar ventures. His portfolio included successful Pacific Northwest companies such as AdRelevance (acquired by Media Metrix), Virtual Relocation (acquired by TMP Worldwide) and ShareBuilder (acquired by ING). Over the past three years as a CxO-level consultant, he has assisted early stage start-ups to achieve their goals. Aldrich has a keen understanding of database technology and connectivity and he was a co-founder of Simba Technologies, Microsoft’s partner in the development of open database connectivity (ODBC). Earlier in his career he served in executive roles at a number of innovative companies including Silicon Graphics, Unisys, Altos Computer Systems, Apple Computer and Xerox.

“We couldn’t be more enthusiastic to have Russ on board,” said Rob Gilde, CTO at QL2. “Russ brings real-world experience along with the strategy, strength and vision QL2 needs to take the next step.”

“The growth and requirement for market intelligence and operating competitively is at the center of business management and operations today,” said Mark Smith, CEO & EVP Research, Ventana Research, “QL2’s innovative approach to market intelligence and customer success is a great foundation for Russ Aldrich to advance their market efforts.”

About QL2 Software, Inc.:
QL2 is the leading provider of real-time market intelligence, supplying companies with instant access to critical information from the outside world. QL2’s on demand services deliver market intelligence directly to business users when they need it - without the time lag or technical complexity common with other approaches.

Over 275 clients in 38 countries rely on QL2 to drive business decisions on price, product mix, competitive positioning, and consumer opinions and preferences. QL2’s clients include 7 of the top 10 global airlines, 3 of the top 5 global pharmaceuticals, and market leaders in retail, consumer products and information services. Founded in 2003, QL2 was named to the 2007 Inc. 500 list of the fastest-growing private companies, the 2008 Red Herring 100, and has been included in KMWorld’s “100 Companies That Matter” for the past three years, and “Trend-Setting Products” for the past two years. For more information, please go to: www.QL2.com.

For more information:
Gaby Adam, OnPR, w: 425-454-6843, m: 206-931-5942, e: gabya @ onpr.com
Jessica Harrison, OnPR, w: 425-454-6840, m: 425-443-7265, e: jessicah @ onpr.com
Keilee Kramer, QL2, w: 206-859-4230, m: 206-931-0316. e: keilee @ QL2.com

QL2 is a trademark of QL2 Software, Inc.
All other marks are the property of their respective owners.

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[Via PRWeb: Technology]