News

Degasoft hires three to grow business

March 24, 2002

LONDON - Degasoft, maker of Kudos kiosk development software, hired new management to lead business development, sales and finance, according to a company news release.

Thor Ibsen, chief executive officer, said that the new hires bring international business expertise to the company.

New finance director Peter Stawowski successfully implemented systems and developed controls at Sapiens that helped the company grow. Stawowski will assist with Degasoft's growth and drive for future funding.

Degasoft's new director of business, Kevin Fazendeiro, was Trilogy's software account director. Fazendeiro will direct Degasoft's business opportunities in the UK and the rest of Europe.

Kevin Johnson, also formerly of Trilogy, is the new vice president of business development for Degasoft UK Ltd. Johnson was Trilogy's director of European operations, automotive.

KIOSKmarketplace reported this month that Degasoft acquired $3 million in financing from The Venturos Group. Ibsen said that the company planned to use the funds to increase its sales and marketing presence in Europe. Degasoft will also use the money to expand its new London headquarters and further develop Kudos, Ibsen said.

Ibsen joined the company in April from Ford Motor Company and guided its move from Iceland to London. He said he expects to raise another $5 million in a second round of funding

Based in London, Degasoft Ltd. was founded in 1989. Kudos software, now in Version 6.0, has been used by the Ford Motor Company, Ford Credit, Jiffy Lube, Hitachi and Virgin Entertainment Group, as well as many other companies, according to the news release.

Kudos is the software behind the Virgin V.Shop kiosk, a winner in the European Retail Solutions Awards 2001.