Navis Appoints Former PayPal and Sabre Leader, Lakshmanan Krishnamoorthy, as Engineering VP and General Manager

Leadership Addition Reinforces Company’s Focus on Innovative Solutions to Drive Ocean Shipping Supply Chain Transformation

OAKLAND, Calif.--()--Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, today announced that former Sabre and PayPal leader Lakshmanan (Laks) Krishnamoorthy has joined the company as Vice President and General Manager of Engineering. Krishnamoorthy will be instrumental in driving technology innovation and leading product and service development for the N4 TOS, XVELA, Navis Carrier and Vessel Solutions (NCVS) and future business lines. He is the latest technology leader to join Navis’ leadership team as the company continues to execute its broader software strategy and fulfill its vision to drive synchronization and collaboration in the ocean supply chain.

With more than 25 years of engineering experience, Krishnamoorthy is a proven leader of high performing global technical teams focused on creating market-leading products and solutions. He has built various products from concept to reality and has been a catalyst at previous companies to help transform their businesses. Most recently, Krishnamoorthy served as Senior Director, Product and Engineering for Merchant Solutions at PayPal, and was responsible for product lines generating $500M in revenue. Before that, he held various roles during his 17-year tenure at Sabre, a leading technology provider for the global travel industry, and was most recently responsible for multiple investment projects totaling $10 million for the organization’s AirCentre product suite.

“Product and service innovation is central to our ability to support digital transformation for terminals, carriers and shippers alike. Not only does Laks have an extensive background in engineering, his experience at companies that have served as disruptors and change agents in their respective industries—payments and airlines—will be invaluable to Navis and its customers as we continue to scale,” said Benoit de la Tour, President of Navis.

“I am honored to be a part of this strategic growth initiative and look forward to evolving Navis’ market-leading product and service offerings from Navis’ Chennai office,” said Krishnamoorthy.

For more information visit www.navis.com.

About Navis, LLC

Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain. Navis combines industry best practices with innovative technology and world-class services to enable our container terminals and carriers alike to streamline their ocean supply chains and better collaborate together, transforming how goods are efficiently delivered. Whether tracking cargo through a port, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis provides a comprehensive set of solutions to optimize terminal performance, vessel performance and cloud-based collaboration that drives transparency, efficiency and profitability to a network of ocean carriers and terminal operators. www.navis.com

About XVELA

XVELA provides a transformative, cloud-based collaboration platform and maritime business network that drives transparency, efficiency and profitability to ocean carriers and terminal operators. Through real-time collaboration, shared data and actionable visibility across the vessel rotation, XVELA enables terminals, carriers and their operational partners to work together to simplify, connect and optimize their end-to-end planning processes, starting with stowage planning and now expanding to berth management and port call optimization. The result is a win-win solution that allows both terminals and carriers to forge new efficiencies, improve customer service and reliability, and capture substantial untapped savings across the container supply chain.

Backed by Navis, the leading provider of software and services for terminal operators and ocean carriers, XVELA operates as an independent entity focused on enabling collaboration and operational visibility. For more information, visit www.xvela.com.

About Cargotec Corporation

Cargotec (Nasdaq Helsinki:CGCBV) is a leading provider of cargo and load handling solutions with the goal of becoming the leader in intelligent cargo handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products and services that ensure our customers a continuous, reliable and sustainable performance. Cargotec's sales in 2017 totaled approximately EUR 3.2 billion and it employs over 11,000 people. www.cargotec.com

Contacts

Navis, LLC
Derek Kober, +1 510 267 5564
derek.kober@navis.com
or
Affect
Geena Pandolfi, +1 212 398 9680
gpandolfi@affect.com

Contacts

Navis, LLC
Derek Kober, +1 510 267 5564
derek.kober@navis.com
or
Affect
Geena Pandolfi, +1 212 398 9680
gpandolfi@affect.com