IQ Labs

IQ Labs Appoints Vladimir Kamen As Chief Technical Officer And VP Of Engineering
Heads All Technology at Fast-Growing Workforce Resource Provisioning Company

Hayward, CA, June 28, 2001 --- IQ Labs, the leader in software for automating the provisioning of workforce telecommunications and IT resources, today announced that Vladimir Kamen has become Chief Technical Officer and Vice President of Engineering. Mr. Kamen is in charge of all technology-related initiatives at IQ Labs, including engineering, technology development, product development and customer deployment and installation.

ÒVlad is widely recognized as being among the elite technologists in telecommunications and IT,Ó said Farzad Naimi, IQÕs Founder, Chairman and Chief Executive Officer. ÒHis expertise will be instrumental to our success in delivering unsurpassed solutions for enabling an Òalways connectedÓ workforce.Ó

Mr. Kamen is the second high-profile executive to join IQÕs senior management team in as many weeks. Last week, the company announced that Keith Giarman was its new Chief Operating Officer. The announcements followed the completion last month of a significant investment from leading venture capital firms Draper Fisher Jurvetson and Earlybird Ventures. In announcing the investment, the investors cited the rapid return on investment on IQÕs solutions as a key competitive advantage for the company in a huge addressable enterprise market.

IQÕs solutions capture the unique and changing resources needs of every employee, stores them in a digital profile linked to a graphical facilities map, and activates communication and IT services regardless of the platform (phone, voice mail, and e-mail systems) and vendor. By aligning typically disparate processes in the information technology, facilities, telecommunications, and human resource departments of major corporations, IQÕs solutions create savings of between 40% and 75% in the costs of workforce changes -- attaining an payback period of fewer than 8 months versus traditional methods. According to studies by The Gartner Group, every employee change (adds, moves, deletes) costs a minimum of $192 if handled internally Ð and up to $270 when outsourced Ð with the average employee making two to five changes per year. The same studies highlight that the above costs do not account for the loss in productivity, and other "hidden" IT costs, which can be between 10 to 25% of IT spending.

"It is exciting to come to a company whose customers receive such an extraordinary return on investment,Ó Mr. Kamen said. "Our mission will be to maintain the highest standards of capability, usability and scalability while creating measurable savings as quickly as possible."

A 20-year industry veteran, Mr. Kamen comes to IQ from e-mediate networks, Inc., of Burlingame, CA., where he served as Vice President of Engineering. At e-mediate, the leading provider of advanced speech recognition-based multi-tier software systems for intelligent voice interactions and call processing solutions, Mr. Kamen built and managed the entire engineering group. Mr. Kamen also served in a number of key product management and engineering management positions at Genesys Telecommunications Laboratories.

Previously, he was at the State University of Dnepropetrovsk, Ukraine, in a series of positions, including Associate Professor of Mathematics and Computer Science Faculty, scientific consultant and senior staff scientist. He also was a senior staff scientist at the Mathematical Institute of Charles University, Prague, Czech Republic. Mr. Kamen holds degrees of Ph.D. in Mathematics, M.S. in Computer Science, and an MBA.