Cachematrix Adds Three to its Technology Team
DENVER, February 6, 2007 – Cachematrix Holdings, LLC, the leading provider of institutional money market
fund trading technology to banks, today announced the appointment of three new officers to its technology team.
The additions of Steve Maegley, Director of Business Analysis; John Shifty, Director of Security and Infrastructure; and Robert Cassidy, Director
of Program Management, bolsters the growing company's position as an industry leader in private-label money fund portal technology.
"With demand for our private-label solution growing rapidly, we continue to hire senior-level staff to manage our expansion," said
Cachematrix Founder and CEO George Hagerman. "These additions give us the experience and expertise to ensure success as clients from across the
financial services spectrum adopt our money fund portal solution."
Cachematrix has more than doubled its technology team in the past year, and its plans for 2007 call for continued expansion, including the addition
of an offshore office in India. The company's rapid growth is based on increasing demand for its money market trading platform, a comprehensive
technology solution with streamlined integration into legacy systems and lower development and deployment costs than traditional software solutions.
The new officers include:
- Steve Maegley, Director of Business Analysis: A 14-year veteran of the financial services industry,
Maegley is responsible for gathering and documenting business requirements, functional requirements and technical
specifications for client programs and system enhancements. Maegley has led business analysis and enterprise data teams at Janus Mutual Funds and
Berger Financial, and headed business analysis for Foci, an e-marketing web design firm specializing in financial services. Maegley received a
Bachelor's of Science from the University of Colorado at Boulder in 1991, majoring in Journalism.
- John Shifty, Director of Security and Infrastructure: A former Janus technologist with more than 13 years in
financial services, Shifty is responsible for implementing, securing and integrating the web site environment. At Janus, he was a
key architect responsible for defining the infrastructure for all forms of applications from external Websites, Intranet Sites,
and all major back office systems. Shifty attended both Montana State University and Montana College of Technology with a major in Computer Science
- Rob Cassidy, Director of Program Management: With a 15-year background that spans senior roles in operations management,
product/program management, and business development, Cassidy is responsible for bridging multiple functions and driving strategic development at Cachematrix.
He recently served as the Director, Operations Analysis and Internal Audit with QTC Management, Inc., and headed development at Walmart.com of an online
service that enables the delivery of Walmart.com customer orders to hundreds of Wal-Mart stores nationwide. Cassidy also served as the Director,
Sales Operations and Product Development with Inflow, Inc. (now SunGard Availability Services.), and is a graduate of Princeton University with degrees
in Economics and Politics. He also has an M.B.A. and M.A. in Telecommunications from the University of Colorado.
About Cachematrix, LLC
Cachematrix is the leading provider of turnkey money market portal technology. Cachematrix enables banks and other financial services firms to offer its corporate
treasury clients one-stop access to a choice of institutional money market funds and a convenient, single source platform for managing them, including access to
comprehensive analysis, online trading, and account management. For more information, visit www.Cachematrix.com.
