Blue Vector Systems Welcomes New CEO to the Executive Team

Nancy Anderson to spearhead new era of expansion for the company

Mountain View, Calif. – October 26, 2005 – Blue Vector Systems, a leading provider of network-based RFID solutions, today announced the appointment of Nancy Anderson as CEO.   Ms. Anderson joins Blue Vector from AudioFeast where she was Interim CEO.  Nancy also held CEO and senior management positions at TRADE, Inc, Pillar, Inc. and Hewlett Packard.

Nancy brings to Blue Vector her impressive track record of strategic decision making and success at growing revenue.  As General Manager of Hewlett Packard’s Computer Systems Division, her $2.5b business grew faster than the market every year of her tenure.  At Pillar, Nancy helped establish Pillar’s FYPlan as the leading application for enterprise budgeting. 

“Nancy brings a unique leadership perspective to the Blue Vector team,” said Bill Draper, general partner for Draper Richards. “Nancy's leadership roles have spanned a variety of companies at different stages of growth, navigating challenging markets to lead her company to success every time. She is just the type of CEO Blue Vector needs for its future growth and development.”

Blue Vector’s founder, Anurag Mendhekar, will be continuing in the role of president.  Anurag will now work closely with Nancy in directing Blue Vector System’s overall vision.

“Nancy is a great asset to our management team.  She comes highly recommended to us with a vast amount of experience and great contacts,” said Anurag. “Her experience will be invaluable in leading Blue Vector’s strategic direction as we continue accelerating our growth in the RFID market.

About Blue Vector Systems
Blue Vector Systems is a network-based RFID infrastructure company focused on reducing implementation costs and operational complexities for its customers. Through appliance-based solutions that provide reliable and cost-effective means to implement RFID infrastructure, Blue Vector Systems enables companies to realize new efficiencies in processes and on-going operations. For more information, visit www.bluevectorsystems.com

Press Contacts:
Renee Maler
(925) 968-9495
renee@philosophypr.com

Romen Kuloor
Blue Vector Systems
romen@bluevectorsystems.com
650-694-7500