Mark W. Schappel

Mark W. Schappel has been an Equity Research Analyst with the Benchmark Company
since early 2007, covering the enterprise software sector with a focus on small
and mid-cap names. Prior to Benchmark, he spent over seven years on Wall Street,
principally with KeyBanc Capital Markets, a division of McDonald Investments
Inc., where he was a Vice President and Equity Research Analyst. His research
has focused on the software industry, covering leading companies in the content
management, specialized applications, and technical design and engineering
software categories. His research work builds on his extensive experience
delivering IT solutions to meet user requirements. Prior to Wall Street, he
spent several years leading large enterprise resource planning (ERP) and supply
chain management (SCM) implementations in the chemical industry for a Big Five
consulting firm. As a former engineer and plant manager in the chemical
industry, he was involved with computer aided design and engineering software,
as well as customer relationship management, ERP and SCM applications. He earned
an MBA degree from the University of Pittsburgh (1991) and a BS degree in
Chemical Engineering from Geneva College (1987).