Former Washington Technology Industry Association President, Ken Myer, to Serve as Interim CEO
Seattle, WA – December 7, 2011 – Yapta, the leading provider of corporate travel price assurance solutions, today announced that Tom Romary, Co-Founder and Chief Executive Officer, is leaving the organization to pursue a new endeavor in Silicon Valley. The company also announced that Ken Myer, former President and CEO of the Washington Technology Industry Association (WTIA), will assume the position of Interim Chief Executive Officer until a long-term CEO can be retained by Yapta’s Board of Directors.
“Tom has done a stellar job building Yapta into a business that has tremendous value to a wide spectrum of travel customers, from the individual leisure traveler to those who manage large corporate travel programs,” said Bill McAleer, Yapta Director and Venture investor. “It has been a pleasure to have worked with Tom over the last several years and I wish him nothing but the best in his future endeavor in California. I’m also very excited that Ken is joining the organization as Interim CEO. His leadership and experience in growing technology companies will be critical to moving the business forward.”
Mr. Myer has over 25 years of experience successfully leading technology companies ranging in size from start-ups to Fortune 100. Prior to serving as President and CEO of the WTIA, one of the largest regional technology trade associations in North American, he was co-founder and CEO of Interval Systems, Executive Vice President of publicly traded Active Voice Corporation, and for 15 years an executive at IBM.
In addition to operating as Yapta’s Interim CEO, Myer will continue to serve as Interim Executive in Residence at the University of Washington Center for Commercialization, helping to identify licensing and new business opportunities from UW research.
“I’m very excited by this opportunity as Yapta has a strong management team, a stellar board, and is extremely well-positioned for future growth with its investors, including Voyager Capital, Concur, and First Round Capital,” Myer said. “I’m looking forward to working closely with the entire Yapta team and building software that ensures our travel procurement partners get maximum value for their dollar.”
Yapta is the leading provider of travel price assurance solutions for companies looking to reduce T&E expenses. Yapta’s technology enables travel procurement professionals to monitor the price of their corporate airfare bookings and capture valuable supplier credits when a lower airfare price becomes available prior to takeoff. To find out how Yapta’s corporate customers have saved an average of $28 per itinerary, visit business.yapta.com or contact us at firstname.lastname@example.org.