Automation, Control & Plant Intelligence News Updates
aPriori Appoints Eric Sockol as New Chief Financial Officer
Concord, Mass. – September 19, 2012 – aPriori, a leading provider of product cost management software solutions for discrete manufacturers, today announced the appointment of Eric Sockol as Chief Financial Officer. Sockol brings over 20 years of executive leadership managing dynamic growth at both entrepreneurial startups and highly profitable public companies. In this new role, Sockol is responsible for all financial and administrative operations of the company and will report directly to aPriori President and CEO Stephanie Feraday.
In FY 2012, ending April 30, aPriori achieved record growth in bookings, revenues, new customers and customer renewals. “This is a very exciting time for aPriori, as we continue to aggressively expand and capitalize on a large global market opportunity,“ said Feraday. “Eric has a broad range of experience with successful, growth-oriented companies and brings strong financial and executive acumen to the team .“
aPriori’s Product Cost Management software platform enables design, manufacturing and sourcing professionals to quickly and precisely determine the cost of a new part or product design by automatically pulling geometric and feature information from a computer-aided design (CAD) model. The software leverages intelligent cost models based on the manufacturing process, materials and the plant where a product or part will be produced. Using this new level of cost knowledge, manufacturers are able to make more informed new product design decisions and reduce new product costs without impacting product quality.
Prior to joining aPriori, Sockol held the position of Chief Financial Officer of four technology companies; Gemvara, TechTarget (NASDAQ: TTGT), ObTech and OneWave (NASDAQ: OWAV). Prior to OneWave, Sockol was Corporate Controller of Corporate Software (NASDAQ: CSFT). Sockol has extensive experience with capital markets, including three public offerings. He holds a Bachelors of Business Administration from the University of Massachusetts, Amherst and is a certified public accountant.
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aPriori software and services generate hard-dollar product cost savings for discrete manufacturing and product innovation companies. Using aPriori’s real-time product cost assessments, employees in engineering, sourcing and manufacturing make more-informed decisions that drive costs out of products pre- and post-production. With aPriori, manufacturers launch products at cost targets, maximize savings in re-work projects and never overpay for sourced parts.
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