Tag: North America

Microsoft Product Veteran Joins Earth Class Mail as VP of Product Management

Earth Class Mail Corp., a global service that delivers postal mail online, announces the appointment of 15-year Microsoft veteran Rajeev Dujari as its Vice President of Product Management.

Dujari will be responsible for defining the product roadmap for the company’s breakthrough online postal-mail delivery service. Continued software innovation and operational efficiency will accelerate the growth of Earth Class Mail’s international customer base. Earth Class Mail’s customer base includes individuals, small businesses, enterprises, government agencies, military branches and national postal services.

“We are truly fortunate to attract senior talent like Rajeev to Earth Class Mail, especially given our strategic partnership with Microsoft’s Postal Group and the strong alignment of our investor base (including lead venture investor Ignition Partners) with Microsoft,” said Ron Wiener, CEO of Earth Class Mail. “Having such a high level of Microsoft expertise within our engineering leadership will help to streamline integration of our web-based application, which is built on the Microsoft .NET platform, and will synergize with key Office System components such as Outlook and SharePoint Portal Server.”

At Microsoft, Dujari established a track record of delivering globally recognized innovation in products and services. During his first 10 years at the company, he made key technical contributions to Microsoft’s Windows operating system and five major releases of its Internet Explorer web browser. He was also an inventor on 12 issued patents, with two currently pending. Over the past five years, Dujari led product units charged with delivering major advances to the company’s Exchange Server, Office Live Meeting and Visual Studio products.

“I’m fortunate to have had the opportunity to shape 18 well-known products at Microsoft,” said Dujari. “I’m excited to apply that experience in helping drive the creation of a global service for individuals, businesses and national posts at Earth Class Mail.”

Dujari’s areas of expertise include desktop clients, enterprise services, hosted services and software platforms and tools, as well as staff recruiting, mentoring, team-building and offshore project management. He earned a B.S. in Electrical Engineering and a M.S. in Computer Science from the Massachusetts Institute of Technology, where his graduate research focused on parallel algorithms for real-time speech recognition.

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FedEx in talks to buy DHL stake

FedEx reportedly is in talks to buy all or part of Deutsche Post’s DHL delivery business in the U.S. in a deal that would help it challenge larger rival UPS.

Seeking to cut losses in the hyper-competitive domestic fast delivery business, Deutsche Post may move to trim its DHL business in the United States, without abandoning it completely, according to published reports on Friday.

Deutsche Post CFO John Allan was quoted by Frankfurter Allgemeine Zeitung, a German newspaper, that a total sale of DHL in the U.S. is “very, very unlikely.”

A deal could be in the works by May at the latest, according to the report.

Shares of FedEx rose 1.6% to end at USD89.96, bucking the move down in the overall market. UPS fell 1.8% to USD69.97.

A spokesman for Memphis-based FedEx didn’t return a phone call from MarketWatch.

Analyst Rick Paterson of UBS said FedEx doesn’t really need DHL’s U.S. delivery assets, and that it simply has to wait for it to lose ground over time to eventually win over its domestic market share.

FedEx, however, would benefit if DHL allowed it to become the U.S. distributor of its hefty package traffic originating in Europe and Asia, he said.

FedEx would have the edge in any talks because Deutsche Post is under pressure from shareholders to produce some kind of value for DHL.

A deal between DHL and UPS is less likely because of the “more contentious relationship” between the two giants overseas, he said.

One of the world’s largest delivery companies with 4,000 offices, DHL traces its roots to 1969 in the U.S. before being acquired by Deutsche Post in 2002.

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DHL demands USD 93 Million from ABX

The tempestuous relationship between DHL and ABX Air turned even testier Jan. 14 when DHL demanded ABX prepay a USD 93 million note issued as part of the DHL spin-off of the air line in 2003, ABX reported to the Securities and Exchange Commission.

DHL says the recent USD 350 million ABX acquisition of Cargo Holdings International constitutes a “change of control” of ABX under terms of the note. ABX says the purchase resulted in no change of control.

Anticipating possible problems with the note, ABX Air had made arrangements to borrow up to USD 61 million from certain former significant CHI shareholders if the acquisition prompted DHL to demand ABX to prepay the note.

ABX also entered a USD 345 million credit agreement related to the CHI deal that should prevent a default of the note due to the DHL prepayment request, the airline reported. The company has requested an extension of period for meeting the agreement requirements to 15 days from the current five.

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