JoMei Chang

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JoMei Chang (born 1952) is a Taiwanese computer scientist and technology business executive in Silicon Valley and China. Chang was named a leading CEO by Fortune Magazine [1] and an Entrepreneur of the Year by BusinessWeek. [2]

Contents

Life

Born circa 1952 in Taiwan, Chang was accepted into the National Chiao Tung University where she received a B.S. in Electric Engineering in 1974.

Chang graduated from Purdue University with a M.S. and Ph.D. in Electrical Engineering and Database Management. In 2004, Purdue University honored her with the Outstanding Electrical & Computer Engineer Award. [3]

Chang co-patented a protocol for reliable multicast with Nicholas F. Maxemchuk. [4] Her often-cited papers were published in 1984. [5] [6]

Vitria

In October 1994 Chang and her husband Dale Skeen founded Vitria Technology to do business process management and enterprise application integration. [7] Chang and Skeen provided initial funding for Vitria, along with Robert M. Halperin. Additional venture capital in subsequent rounds came from Brentwood Associates, Sutter Hill Ventures and Weston Presidio Capital. Vitria filed for their initial public offering (IPO) in June 1999 during the dot-com bubble. The stock shares were listed on the Nasdaq exchange under the symbol "VITR" on September 16, raising about $50 million. [8] For the year 1999, the company reported a net loss of about $16 million on revenues of about $31.5 million. [9] Vitria was headquartered in Sunnyvale, California. For the year 2002, net loss was $91.6 million on revenues of about $97 million. Lawsuits were filed and consolidated into Kideys, et al., v. Vitria Technology, Inc., et al., Case No. 01-CV-10092 alleging misrepresentations around the IPO. The company defended itself and offered settlement. [10] On June 18, 2003, the Vitria board approved a settlement. [11]

In December 2003, Chang resigned as chief executive of Vitria (but remained chair of the board). The Beijing, China, operations of Vitria were sold to ChiLin LLC, which she owned, for about $1.5 million. [11] In April 2004 the name was changed to QilinSoft. [12] It aimed to introduce integration and BPM technology to China. In September 2006, Chang with Skeen proposed privatization of Vitria for about $67 million. [13] After some objections, the transaction closed in March 2007. [14] She returned as CEO in July 2007. [15]

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References

  1. ↑ "How To Be A Great E-CEO The leaders of today's hottest companies don't stop to deliberate. They act-and at top speed. - May 24, 1999". Money.cnn.com. 1999-05-24. Retrieved 2012-11-24.
  2. ↑ "The Top 25 Managers - The Top Entrepreneurs". Businessweek.com. 2001-01-08. Archived from the original on April 7, 2001. Retrieved 2012-11-24.
  3. ↑ "2004 OECE Recipient : Outstanding Electrical and Computer Engineer Awards : Alumni : Our People - Electrical and Computer Engineering, Purdue University". Engineering.purdue.edu. Retrieved 2012-11-24.
  4. ↑ Jo-Mei Chang; Nicholas F. Maxemchuk (May 28, 1987). "Reliable broadcast protocol for a token passing bus network". United States Patent: 4725834. US Patent and Trademark office. Retrieved October 11, 2013. Granted February 16, 1988. Original patent was 584,100, filed February 27, 1984.
  5. ↑ Jo-Mei Chang; Nicholas F. Maxemchuk (August 1984). "Reliable broadcast protocols". ACM Transactions on Computer Systems. 2 (3). ACM: 251–273. doi: 10.1145/989.357400 .
  6. ↑ Jo-Mei Chang (June 1984). "Simplifying distributed database systems design by using a broadcast network". ACM SIGMOD Record. 14 (2). ACM: 2223–233. doi: 10.1145/971697.602290 .
  7. ↑ "Registration Statement". Form S-1 (draft prospectus). US Securities and Exchange Commission. June 22, 1999. Retrieved October 11, 2013.
  8. ↑ Vitria (November 10, 1999). "Quarterly report for quarter ending September 30, 1999". Form 10-Q. US Securities and Exchange Commission. Retrieved October 11, 2013.
  9. ↑ Vitria (April 27, 2000). "Annual report for year ending December 31, 1999". Form 10-K. US Securities and Exchange Commission. Retrieved October 11, 2013.
  10. ↑ Vitria (February 28, 2003). "Annual report for year ending December 31, 2002". Form 10-K. US Securities and Exchange Commission. Retrieved October 11, 2013.
  11. 1 2 Vitria (February 29, 2004). "Annual report for year ending December 31, 2003". Form 10-K. US Securities and Exchange Commission. Retrieved October 11, 2013.
  12. ↑ Li Jing (June 8, 2004). "Leading eB2B provider eyes China's market". China Daily. Retrieved October 11, 2013.
  13. ↑ "Vitria to sell to CEO, board member for about $67M". Silicon Valley Business Journal. September 21, 2006. Retrieved October 11, 2013.
  14. ↑ Vitria (February 28, 2003). "Going private transaction by certain issuers". Schedule 13-E. US Securities and Exchange Commission. Retrieved October 11, 2013.
  15. ↑ "Vitria Announces Founder Dr. JoMei Chang Returns as CEO: Chang to Focus on Sales Execution, Market Penetration and Product Innovation" (PDF). Press release. Vitria. July 31, 2007. Retrieved October 11, 2013.
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