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Collabria Moves Top Brass Around, Cools Rumors

Press release from the issuing company

According to sources close to the company, there has been a small executive shake up at Collabria. Mike Rose, Vice President of Business Development, has decided to leave the company. Also, Rocky Vienna, Chief Information Officer has departed the company. Mike Rose was involved with Collabria very early in 1997. He has been a key part of the growth at Collabria. According to a source within the company, Mike and management agreed mutually for him to depart. The company has plans to replace him. Rocky Vienna managed the engineering team and developed IT initiatives for Collabria as CIO. According to one familiar with the situation, he left for another opportunity. He has been replaced, but we were not able to confirm who took his place. According to two sources within the company, there has been no layoffs and recent transitions have mostly occurred in their sales department. The company actually has more employees than it did in October. The company is actively pursuing sales professionals to market the Collabria solution. According to a source familiar with the company, Collabria has been very conservative with their cash and the company continues to gain market share. When asked if Collabria was seeking a partner to acquire or to be acquired, a source said there is no truth to the rumor. According to the source, Collabria says they have a strong cash position and will continue to execute their plan. WhatTheyThink tried to reach executives, but was unable before we posted this announcement.