Penton announces that Garrett Schemmel has been promoted to Vice President of the EquipmentWatch and Price Digests businesses, reporting to Sanjay Mutha, Group President, Infrastructure.
EquipmentWatch is the equipment industry leader with the industry's first intelligence-driven solutions featuring custom data, API and insights for original equipment manufacturers, equipment finance and heavy civil construction companies. EquipmentWatch serves over 4,000 companies every day with deep intelligence on equipment costs, values, rental rates, auction market trends and more through the www.equipmentwatch.com site.
Price Digests is the leading provider of consumer vehicle values and specifications for commercial underwriting and taxation purposes with brands sporting over a century of in-market adoption, including Auto Red Book, Truck Blue Book and others. Price Digests is the standard data solution for nearly all major commercial insurance companies, as well as dealers, state governments and online marketplaces.
"Garrett's unique ability to understand customer needs and translate them into innovate products and services has transformed Penton's largest software as a service (SaaS) businesses with the launch of new and innovative data and insights offers like EquipmentWatch Intelligence, Consulting and API's," stated Mutha.
The pending launch of a new portfolio of products for EquipmentWatch, including a multi-year new web app buildout and an entire new suite of licensable API solutions further accelerates Penton continued investment in data and workflow tools in this market.
"Garrett has made significant contributions to Penton as we continue to accelerate our investments in the growth of these two market leading brands," stated Mutha. "Under Garrett's leadership we are looking to developing and launching a new set of next-generation solutions that will assist our clients in applying data in their critical business decisions."
Penton is an innovative information services company that empowers 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Our products inform with rich industry insights and workflow tools; engage through dynamic events, education and networking; and advance business with powerful marketing services programs. Penton is the way smart businesses buy, sell and grow.
Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP