Aria Systems, Inc., the leading provider of on demand billing and subscription management solutions, today announced that Mike Morini has joined the company as Chief Executive Officer, based in the company’s San Mateo, California office. Ed Sullivan, the company’s Founder and CEO, will continue to serve the company as President of Aria Systems.
“Mike Morini is a great addition to the team here at Aria Systems,” said Ed Sullivan, founder and president of Aria Systems. “Our Silicon Valley presence really contributed to our accelerated growth in 2009 and I know that we’ll continue to gain speed under Mike’s leadership.”
Mr. Morini will lead Aria Systems through continued geographic and industry growth as it expands globally to address the increasing demand for its billing and subscription management solutions. Aria Systems continues to add customers at a record pace, serving companies as small as pre-revenue startups through the Fortune 500. More and more organizations are trying to develop subscription-based products and services, or to replace legacy and homegrown billing systems with a proven SaaS platform. Billing is also becoming a central component of cloud computing, and Aria Systems is in a great position to capitalize on these massive market opportunities.
Mr. Morini’s most recent experience was as Head of Global Sales for SAP BusinessObjects, running a worldwide sales organization responsible for more than $1 billion dollars of revenue annually. Mr. Morini came to SAP through its acquisition of OutlookSoft, a leading provider of planning and performance management software, where he served as Executive Vice President of Worldwide Operations for 6 years. He managed the company’s growth from 10 customers to more than 800 prior to the acquisition by SAP, with customer satisfaction above 99 percent.
“We’re very pleased to have Mike at Aria Systems,” said Mark Gorenberg, Managing Director at Hummer Winblad. “We’ve watched Aria grow and refine its model since we invested in the early stages, and Mike brings exactly the right background to take Aria to the next level.”
“It’s clear to me that the market need for SaaS billing and subscription management is tremendous, and Aria Systems has the best product in the market to address that need,” said Mike Morini, CEO at Aria Systems. “I’m thrilled to join the team and excited for Aria’s hyper-growth in 2010 and beyond.”
About Aria Systems
Aria Systems is the leader in on-demand billing and subscription management solutions. Since its inception in 2003 as the pioneer in SaaS billing, Aria has grown rapidly to manage millions of accounts in every country in the world and spanning a wide range of industries. The Aria Billing and Subscription Management Platform is the industry’s most reliable, flexible and scalable on-demand platform for organizations looking to accelerate recurring revenue capture while significantly reducing operating costs. Aria Systems also leads the market in security and compliance as the only vendor to have achieved both SAS 70 Type II certification as well as PCI DSS Level 1 compliance for the entire billing management process. Aria’s team is comprised of industry veterans that have managed multi-billion dollar billing operations supporting millions of end user subscribers. For more information about Aria Systems, visit http://www.AriaSystems.com or call 1-877-755-2370.
