Klaus Besier Joins Seven Lakes Technologies Board of Directors

Los Angeles, CA (May 27, 2015) – Seven Lakes Technologies, leading developer of innovative enterprise software and solutions for the Oil & Gas Exploration and Production sector, today announced that Klaus Besier has joined its Board of Directors.

“It is an honor to welcome Klaus Besier to our board. He has an unrivaled track record in our view when it comes to leading technology companies through accelerating growth. With our core offerings gaining traction and a fast-growing team, there couldn’t be a better time for him to join,” said Shiva Rajagopalan, CEO of Seven Lakes Technologies.

“I’ve been very impressed with Seven Lakes Technologies’ Board of Directors and management team, and their innovative product development capabilities,” said Klaus Besier. “With the company’s proven ability to deliver high value to its customers coupled with strong market demand, we have a stellar opportunity ahead of us. It’s exciting to see a young company with potential for long-term sustainability and to know from experience what a positive impact your guidance can have,” he explained.

Most recently Mr. Besier was Chairman and CEO of RES Software. Under his leadership, the company experienced exponential increases in revenue and diversified its global footprint, growing revenues outside the home market to account for more than half the company’s revenue. As President and CEO of SAP America, Inc., the company grew from $50 million to $1 billion in revenues in less than five years. Mr. Besier held the role of President and CEO of Neoware, Inc., where business transformation and topline growth resulted in its acquisition by HP in 2007 with a transaction value of more than $300 million. He also served as President and CEO of Firepond, Inc., which he took public in one of the most successful IPOs of 2000.

“Our future plans and current growth mean there are lots of changes ahead of us,” added Rajagopalan. “We are delighted to have Klaus join our Board, because he’s led great companies through terrifically successful transitions. What is a new experience for some of us at Seven Lakes is a repeatable process for Klaus. And that’s a tremendous benefit for a company poised as we are.”

Seven Lakes is a technology solution company offering products and services for the Oil & Gas industry. It is focused on helping our customers optimize their operations by leveraging innovations in enterprise mobility, collaborative workflows and data management & analytics.

About Seven Lakes Technologies
Seven Lakes Technologies is a vertically focused analytics & technology solutions firm offering products and services for the Upstream (E&P) Oil and Gas sector; focused on improving business drivers and enhancing execution of customer business strategies. Seven Lakes offers innovative product suites focused around Drilling & Completions, Production & Operations, Accounting and Data Management & Analytics. Seven Lakes Technologies is headquartered in Westlake Village, CA with offices in Houston, TX and Bangalore, India.  For more information, please visit www.sevenlakes.com.

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