VhaYu Names Jeffrey Hudson as CEO; Growth in Customers and International Expansion Takes Company to the Next Level

VhaYu Names Jeffrey Hudson as CEO; Growth in Customers and International Expansion Takes Company to the Next Level

Business Editors/High-Tech Writers

LOS GATOS, Calif.–(BUSINESS WIRE)–April 13, 2004

VhaYu Technologies Corp. today announced the appointment of Jeffrey V. Hudson as its new chief executive officer. A key executive in four successful high-technology start-ups that have gone public, Mr. Hudson brings over 25 years of experience in information technology management.

According to Tejpal Chadha, VhaYu’s co-founder and chief technology officer, “We are fortunate to have Jeff as our CEO, which will add new strength and dimension to our management team. We have developed tremendous momentum as evidenced by closing five new customer deals over the last two quarters and building a strong pipeline. Additionally, our customers are pulling us into the international markets, further accelerating our growth. We need to position the company for continued growth and adding Jeff’s leadership experience is critical to our success.”

“Jeff Hudson brings tremendous knowledge and leadership skills to VhaYu,” said John Jarve, a member of VhaYu’s board of directors and a partner at Menlo Ventures, an investor in VhaYu. “The depth of his experience combined with his innovative, forward-thinking ability to develop, strengthen and drive very successful operations make Jeff an excellent choice to lead VhaYu as it ramps up in a rapid growth phase.”

“The VhaYu founding team has accomplished a great deal in a tough economic environment and has positioned the company for tremendous growth.” said Mr. Hudson. “VhaYu customers, some of the leading names in the financial industry, are incredible supporters of and evangelists for the company’s solutions. I am happy to be part of a winning team and look forward to taking VhaYu to the next level.”

Most recently, Mr. Hudson was chairman and CEO at MS2, Inc., an enterprise software application company he founded in 1998. MS2 established a new application category called Product Lifecycle Management (PLM) and was considered a pioneering leader of PLM enterprise class applications.

Before founding MS2, he was senior vice president, corporate development at Informix Software, responsible for strategy, mergers and acquisitions, and the Informix Venture Fund. He has held numerous executive leadership posts as president and CEO of Visioneer, senior vice president of marketing, sales and service for NetFRAME Corporation and senior vice president positions responsible for marketing and worldwide customer service and support at WYSE Technology. He spent his early career in various sales and marketing management positions at IBM, Digital Equipment Corp. and Fortune Systems.

Mr. Hudson earned a B.A. in communications at the University of California, Davis. He is currently on the board of directors at Pacific Crest Corporation.

About VhaYu

VhaYu Technologies Corp. is the leader in delivering real-time and historical tick-data capture, storage, analytics and execution engine solutions. Through its unique patent-pending technology, the VhaYu Engine gives financial firms trading equities, options and futures a significant competitive advantage. Partnered with Reuters, SunGard (FAME), TIBCO, InfoDyne, Integra SP, HyperFeed and Semotus, VhaYu’s customer base includes broker/dealers, the leading online discount broker, hedge funds, market data providers and alternative trading systems. For more information, visit www.vhayu.com.

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