ForeSee CEO Freed Resigns after Answers.com Buy

Larry Freed, the founder and CEO of customer experience measurement and predictive analytics specialist Foresee Results, has resigned following the firm's recent acquisition by Q&A platform Answers.com.

Ann Arbor, Michigan-based ForeSee announced the acquisition just before Christmas. Freed (pictured) said in the firm's blog that the deal would provide an 'amazing opportunity' for Foresee to grow with increased resources and without sacrificing its autonomy. While terms were not disclosed, reports in the press value the purchase at more than $200m.

Freed has now stepped down just weeks after ForeSee's acquisition. While a replacement is being sought, Don Morrison, the firm's SVP of Sales, will take over as interim General Manager.

David Karandish, Answers.com CEO, commented on ForeSee's blog: 'It is with sadness that I announce that Larry Freed has decided to step down as President and CEO of ForeSee. Over the past twelve years, Larry has done a phenomenal job building ForeSee into the industry's leading platform for customer experience analytics. He will be deeply missed by his ForeSee family but I have no doubt that he will be equally successful in his future endeavors.'

Before setting up ForeSee Results in 2001, Freed held several senior exec roles at software company Compuware, and he spent fourteen years at Bank One in roles including Chief Technology Officer.

Web sites: www.foreseeresults.com and www.answers.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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