Chemidex Completes Investment Round and Adds Officers

07-Oct-2003

Chemidex Inc., a Kansas-based provider of electronic information retrieval services for the global chemical industry, announced that it had added two officers to its management team on the heels of closing its second round of financing. Former Telecom and Internet Industry Executive Jim Dodd was named President and Chief Operating Officer, and Matt Perry, a key early designer of the Chemidex system, was named Vice President Operations.

Chemidex is the creator of the Chemidex Cybrary, a service that accelerates the exchange of technical information between chemical suppliers and formulated-product manufacturers. The Cybrary's registered users include over 2,500 manufacturers in the global chemical industry, who access the resource to acquire detailed technical data, find answers for specific formulation questions and order chemical samples.

Said Bruce Ianni, Founder and CEO of Chemidex®, "Jim and Matt bring the kind of leadership experience and depth that Chemidex needs at this point in our evolution. Jim has a successful track record of developing and growing businesses in the technology sector, with tremendous experience in strategic planning, marketing, product development and finance. Matt possesses a deep knowledge of our customer and technology, and as a former chemist brings unique insight to our operations. Together they'll be strong partners with me in guiding the company toward achieving its promise for customers, employees and shareholders."

Dodd was President and CEO of NIC, Inc, an Internet Services company serving the government sector, from 1999 to 2002. During his tenure the company completed a successful initial public offering and grew from $8 million to over $40 million in revenue. Dodd spent 14 years with Sprint prior to his NIC stint, managing several consumer business operations including leading Sprint's entry into Consumer Internet Access. He holds a BA in Economics from Stanford University and an MBA from Harvard.

Perry has been Marketing Manager for Chemidex's North American operations for over three years, and has been instrumental in building the company's information retrieval services. Prior to joining Chemidex in 1999, Matt was Technical Manager for Becker -Underwood, Inc. a specialty colorant manufacturer. He holds a BS in Chemistry-Business from the University of Evansville in Indiana.

Included in Chemidex's financing round was an investment from two funding vehicles of the Kansas Technology Enterprise Corporation (KTEC). Ianni said that the investment is consistent with the Company's strategy. "It has always been the vision of Chemidex to attract investors who have experience in developing technology industry leaders. We're thrilled that KTEC, which has been a catalyst to the growth of several Internet and technology success stories, is now a partner with Chemidex."

https://www.chemeurope.com/en/news/29287/chemidex-completes-investment-round-and-adds-officers.html