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Logicbroker, Inc. Announces New Board Members

Logicbroker Inc. Announces New Board Members

 Company expands the number of board members from three to five

SHELTON, Conn.—September 18, 2013—Logicbroker Inc., the provider of the cloud-based integration hub, logicbroker®, is pleased to announce the most recent additions to its board of directors: Frank Brochin and Donny Askin. Brochin is currently the chief investment officer at StoneWater Capital, a New York-based asset management firm focused on emerging markets (Asia, Latin America, Africa, the Middle East, and Eastern Europe). He has served on the boards of directors of several private companies in the United States, Europe, and the Middle East between 1995 and 2013. Askin is currently the senior vice-president and general manager for Yunique Solutions at Gerber Technology, the industry leader in the CAD, PDM and PLM space, servicing many of the globe’s leading retailers, brand owners, and designers. He has also served as CEO and served on the boards of Arigo and Ordermotion. Askin has grown SaaS, direct-to-consumer and supply chain technology solution companies.

“We are thrilled to have Frank and Donny serving on our board of directors,” said Peyman Zamani, CEO of Logicbroker. “With their backgrounds and deep experience, we are confident that they are a perfect fit for Logicbroker.”

Brochin, of Rye, New York, was previously a partner at Warburg Pincus, a global private equity firm, where he was responsible for investments in the enterprise software, information technology and communications sectors. Prior to Warburg Pincus, Brochin was a research engineer with Nippon Telegraph and Telephone in Tokyo, and a manager of the Advanced Technology Group in Nortel Networks’ R&D center in Japan. He holds a B.S. from the ENST Paris, France, a Ph.D. from Princeton University and an M.B.A. from the Harvard Graduate School of Business Administration.

“Logicbroker has demonstrated impressive growth,” Brochin said. “I am very excited to work with the board and help shape the future of Logicbroker.”

Askin, of Boston, Massachusetts, was previously CEO and chairman at Arigo, CEO at OrderMotion Inc., and CEO and founder at CommercialWare Inc. Askin has driven company growth as well as turnarounds while providing liquidity to shareholders. He is experienced in all facets of business, from raising capital and M&A to marketing, sales, business development, professional services, software engineering, and finance. Askin holds a B.A. in philosophy and computer science from Clark University.

“The Logicbroker Board of Directors is composed of a variety of talent. We each bring something unique to the table,” said Askin. “I am happy to join the board and eager to see what we can accomplish.”

Brochin and Askin join current board members Peyman Zamani, CEO of Logicbroker, Karim Hadchiti, managing partner at Logicbroker, and Christopher Penner, director, investments at Connecticut Innovations.

NOTE: Photos of Frank Brochin and Donny Askin are available upon request.

About Logicbroker Inc.: Logicbroker Inc. delivers logicbroker®, the most complete eCommerce platform available. logicbroker® is a cloud-based integration hub that connects the fragmented systems your business relies on and automates the exchange of everything from inventory and purchase orders, to tracking information and invoices. With logicbroker®, you can reduce your cost per transaction and effortlessly exchange procurement information electronically with your website, ERP, suppliers, and EDI trading partners. For more information, visit www.logicbroker.com.

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