Ingres Corporation, the leading business open source database company, announced that Roger Burkhardt joined the company as president and chief operating officer. He assumes immediate responsibility for worldwide sales and marketing as well as the global development and engineering organization, and will also serve on the company's board of directors. Burkhardt and Executive Vice President and Chief Financial Officer Tom Berquist will report directly to Ingres Chairman and Chief Executive Officer Terry Garnett.
Burkhardt, 45, comes to Ingres from NYSE Group, Inc. where as chief technology officer and executive vice president he managed a global team of 2,000 personnel and led the New York Stock Exchange (NYSE) technology team through a dramatic period of intense business and technology change during which transaction volume rose seven-fold. Less than a year after joining the NYSE in 2000, Burkhardt's team built and deployed the NYSE's first automatic execution service. Subsequently, he helped design and successfully launch the Hybrid Market, a pioneering market model that integrates elements of both the traditional auction market and automated trading.
Following the devastating events of 9/11, Burkhardt was responsible for the technology that helped overcome severe telecommunications-related failures that resulted in a flawless re-opening with record-breaking trading volume when the markets resumed trading the following week. He also developed permanent improvements in business continuity and industry networking that significantly improved the resilience of the U.S. equity markets.
"Roger is a world class executive with a demonstrated record of achieving organizational and business goals," said Terry Garnett, chairman and chief executive officer of Ingres Corp. "He joins the company at an exciting time. Ingres has moved to the forefront of business open source software, recognized by leading industry analyst firms for its technology leadership among open source offerings and for providing a credible, open source alternative to closed source market share leaders. Roger's experience in leading the tightly linked business and IT transformation of the NYSE and adoption of open source solutions are invaluable to Ingres's customers and partners. He is uniquely qualified to help Ingres become a dominant force in the rapidly evolving enterprise software market," Garnett concluded.
In addition to leading the NYSE's electronic trading technology strategy, Burkhardt was a member of the NYSE Management Committee chaired by CEO John Thain which sets and oversees execution of the NYSE's business strategies. Burkhardt also re-engineered the application development and infrastructure functions to improve cost effectiveness and speed to market, and played a key role in the 2005 landmark acquisition of Archipelago. Additionally, he served on the IBM (NYSE: IBM) Board of Advisors, a global group of 20 leading CIOs providing strategic advice to the IBM senior leadership team from 2004-2006.
"Ingres Corporation is an exciting business opportunity," said Burkhardt. "The company is proactively engaged in a business model transformation that few could have anticipated just a short while ago. Yet, much as the NYSE understood it needed to shift its business paradigm to feature electronic trading, Ingres stands alone in embracing open source as a means by which to offer customers a greater return on their enterprise database investments.
These benefits are significant to the enterprise customer in terms of both dollars and time," Burkhardt continued. "As a user of mission-critical open source solutions, I valued the enhanced technical flexibility, speed to market, and more competitive and cost-effective solutions open source provided. It essentially puts the power in customer hands to customize sophisticated systems without the cost and licensing headaches of the closed source model."
Burkhardt concluded, "I look forward to bringing my customer perspective to the terrific Ingres team to build on the successes of its first year and to add to the solid base of 10,000 customer relationships that the company already enjoys."
Prior to joining the NYSE, Burkhardt was president of listed equities for OptiMark Technologies, a developer of electronic trading technology that was adopted by more than 80% of the top 200 equity trading firms in the U.S. He had earlier served fifteen years with IBM, joining as a UK-based systems engineer and rising to director of capital markets, IBM Banking, Finance and Securities, where he ran a $250 million business unit serving the needs of the Wall Street banking community. He holds a B.S. and M.S. in physics from Oxford University and an M.B.A. from New York University.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access