New Tervela CEO Eyes Expansion

Schnadig-who joined Tervela last week after 10 years at marketing and Web analytics software vendor Unica Corporation, most recently as senior vice president of worldwide sales, following nine years at telecom billing provider Kenan Systems, which was sold to Lucent in 1999-says his first duty will be to develop a plan to take advantage of opportunities to expand the vendor's client base into new areas.

"The high-performance algorithmic trading space is still our bread and butter, but we are bein