Marketview's Warner Leaves To Join Market Vision As Head Of Midwest Sales

Russ Warner, vice president of marketing of Marketview Software Inc., has left the company to join Market Vision Corp. Warner, a key Marketview executive, will take on the role of vice president of sales for Market Vision's Midwest region.

Market Vision, owned by Liberty Brokerage Inc., is a provider of UNIX-based trader workstation software. The company provides software for display and manipulation of market data provided by Liberty, Telerate Systems Inc., McGraw-Hill Inc.'s S&P ComStock and GOVPX Inc. Market Vision this summer announced plans to launch DOS- and DEC VAX-based versions of its OpenLink data display platform (IMD, June 10).

Warner didn't return calls seeking comment. But William Adiletta, president of Market Vision, says he will head up Market Vision's Chicago office. The office, which will handle sales and support for the region, is set to open shortly pending the signing of office leases.

The departure of Warner, seen as right-hand man to president and owner Wesley Cole, is a blow to Marketview. The small company has seen a number of employees leave in the past 12 months, mostly in the sales/marketing area. Sources close to the company say these salespeople haven't been replaced.

The sources speculate that Warner himself likely won't be replaced by a new hire. Instead, they say, most of his marketing duties will be transferred to Jim Harkness, who currently runs MarketView's Chicago sales office. Harkness didn't return calls.

MarketView currently has three products. The core MarketView service is a quote-delivery and analytics product that displays data from Reuters Holdings PLC, McGraw-Hill Inc.'s S&P ComStock and MarketView's own MRTDF feed on a DOS- based microprocessor.

MarketView in the past 18 months has added MarketStation, a UNIX workstation-based data and analytics system, and Horizon, a data-collection and local network distribution system also running UNIX.

Sources close to MarketView say the slow development of the UNIX products frustrated sales staffers, some of whom left. This tardiness forced Cole to downsize the sales staff, letting go at least one expensive salesman and not filling empty sales positions, these sources say. Cole was traveling and couldn't be reached for comment.

Last year also saw the departure of Doug Bartholomew, a developer at Cole' Financial Workstations Inc. Bartholomew headed the development of MarketView's MarketStation product. While Bartholomew's departure clearly didn't speed the development of MarketView's UNIX products, Cole has maintained that it hasn't affected development of MarketStation. Indeed, sources close to the company say Cole replaced development staff when vacancies arose.