Checkpoint Systems Names Prasad Putta General Manager of OATSystems, Its RFID Software Division
September 17 2008 - 8:52AM
Business Wire
Checkpoint Systems, Inc. (NYSE: CKP), today announced that Prasad
Putta, co-founder and former head of business development for the
company, has been named vice president and general manager of
OATSystems, which Checkpoint acquired in June 2008. In this role,
Mr. Putta is responsible for leading OATSystems� strategy and
operations in its new structure as a division of Checkpoint
Systems. He was instrumental in establishing the company�s initial
vision, recruiting the management team in support of that vision,
developing key strategic partnerships, and serving in a leadership
role in growing the company to over 100 customers worldwide and a
dominant position in the RFID industry. �Prasad is highly respected
in the RFID industry and has tremendous experience at OAT via his
long-standing executive roles there,� said Rob van der Merwe,
president and chief executive officer, Checkpoint Systems, Inc. �We
are very pleased and proud to have him lead this important
division.� �I am excited to continue to work with the team we have
built over the last seven years to fulfill OATSystems� mission to
provide value-based solutions to retail, consumer product, and
industrial manufacturing customers,� commented Mr. Putta. �Together
with Checkpoint, we provide a differentiated, complete, and
compelling solution to our retail and apparel customers. In
addition, we continue to build our existing strategic partnerships
to drive growth in the industrial asset tracking and retail
markets.� Checkpoint also announced that Dr. Sanjay Sarma, who was
OATSystems� co-founder and chief scientist, has been retained as
Checkpoint technology advisor and a member of the Checkpoint
Innovation Council. Dr. Sarma is a recognized leader in the RFID
industry, having co-founded the MIT Auto-ID center that is
dedicated to developing and promoting global industry standards
enabling organizations to put RFID to work easily and cost
effectively. He is also a board member of EPC Global, which
develops the electronic product code standards that are driving
worldwide adoption of RFID. In his role on the Innovation Council,
Dr. Sarma will help lead Checkpoint�s innovation strategy across
all of its operations. �We are honored and very pleased to have Dr.
Sarma�s expertise and thought leadership on the Innovation
Council,� continued van der Merwe. �This is yet another way in
which our new relationship with OATSystems is strengthening our
entire organization.� About Checkpoint Systems, Inc. Checkpoint
Systems, Inc. is the leading supplier of retail shrink management
solutions. Checkpoint's global team helps retailers - and their
suppliers - reduce theft, increase inventory visibility and provide
consumers with greater merchandise availability through the
company's rapidly evolving RF technology, expanding shrink
management offerings and Check-Net labeling solutions. Checkpoint
has more than one million RF devices installed in stores today and
has secured more than 100 billion products. Scaling cost
efficiently, Checkpoint's solutions provide increased revenues and
profits to a fast-growing community of successful retailers and a
superior experience for their consumers. Listed on the NYSE (NYSE:
CKP), Checkpoint operates in every major geographic market and
employs 3,900 people worldwide. For more information, visit
www.checkpointsystems.com. About OATSystems OATSystems, Inc. is the
recognized radio-frequency identification (RFID) solution leader
with software that empowers businesses to achieve competitive
advantage and ROI from RFID enabled applications. As a pioneer in
developing RFID technology, OATSystems has been setting the
standards in RFID for over half a decade and is responsible for
industry firsts that include the largest scale and largest scope of
deployments, as well as the most innovative approaches to providing
enterprise-wide RFID solutions. OATSystems� multinational client
base consists of over 100 customers in retail, consumer packaged
goods, consumer electronics, manufacturing, life sciences,
aerospace and defense. A division of $834.2 million Checkpoint
Systems, Inc., OATSystems is located in Waltham, MA, and has a
development office in Bangalore, India and various direct sales
offices and resellers around the globe. To learn more, visit
www.oatsystems.com and www.checkpointsystems.com.
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