VirtuOz Appoints Financial Veteran Karen Camp as Chief Financial Officer

May 24, 2011

Camp to leverage extensive finance and operational expertise to manage company’s rapidly growing demand for intelligent virtual agents

EMERYVILLE, CA – May 24, 2011 – VirtuOz, Inc., the leading provider of intelligent virtual agents (IVAs) for online customer service, today announced that Karen Camp, a successful finance and operations executive with 25 years of experience, has been appointed chief financial officer (CFO). Camp is the latest addition to the seasoned management team that will help the company respond to increased demand for IVAs, which according to a recent Benchmark study is expected to grow 400 percent by 2014 within the eCommerce industry alone.

“Karen’s history of successfully overseeing worldwide financial operations for a wide range of companies – from SaaS and enterprise software start-ups to public companies with hundreds of millions of dollars in revenue – will ensure that our operations are managed with the same rigor and controls as a public company as we continue to grow,” said Steve L. Adams, president and CEO of VirtuOz. “With virtual agents defining the new standard for online customer interaction, VirtuOz is armed with the leadership and experience necessary to handle the company’s planned growth.”

Prior to VirtuOz, Karen was the CFO for Dorado Corporation, a leading provider of SaaS enterprise lending solutions. During her tenure, she established operational and financial controls, built a first-class finance team, and helped build company revenue to $33 million. Karen has also held executive positions at Yodlee, Inc.; Internet Capital Group; Banyan Systems; and Chartwell Home Therapies, Inc.

An active woman executive, Karen is a member of the Forum for Women Entrepreneurs and Executives, and American Red Cross New England Blood Services. She holds an AB from Smith College and an MA from Middlebury College/leSorbonne.

About VirtuOz
A 2011 American Business Awards Finalist, VirtuOz is the leader in Digital Customer Relationships, enabling large and mid-market enterprises to use Intelligent Virtual Agents to provide world-class online customer and technical support. Intelligent virtual agents offer companies a new channel for contemporary online customer service that delivers the best possible customer experience at one-tenth the cost of traditional channels. VirtuOz solutions combine best-in-class virtual agent solutions with best practices across agent development, deployment, and optimization to deliver predictable and measurable results. Intelligent virtual agents are predicted to become the new standard for customer interaction in the next few years. VirtuOz leads the market for successful use of intelligent virtual agents, having processed over 144 million conversations on behalf of our customers in 2010 and with the largest number of live enterprise intelligent virtual agents for Global 2000 companies including eBay, SFR, H&R Block and L’Oreal. More information about VirtuOz can be found at www.virtuoz.com.