[0] Tachion Networks Adds Senior Telecom and Investment Banking Executives.Business Editors WEST LONG BRANCH, N.J.--(BUSINESS WIRE)--May 16, 2000 Latest Additions To Tachion Team Include Vice-Presidents In Corporate Development, Legal And Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Tachion Networks, innovators of the Collapsed Central Office(tm), today announced the addition of three senior executives to the management team, heading up the company's corporate development, legal and human resources functions. With these additions of seasoned industry veterans, Tachion is now fully staffed to effectively transition and rapidly scale from a start up to a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Joining Tachion are: Blake Kim, formerly vice president of Lehman Brothers' Global Technology Group, as vice president of corporate development. Kim will play a leading role in taking the company through the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. process and guiding its growth as a publicly traded corporation. Blake will be responsible for all M&A activities post-IPO. Theodore Weitz, formerly general counsel of Dialogic Corporation and Senior Counsel at Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking , as Tachion's vice president, general counsel and secretary, responsible for all legal affairs. Steven J. Krupinski, formerly vice president of human resources at Intel's Dialogic Corporation, as vice president of Human Resources. "All three of these talented executives come from backgrounds where they managed departments of large telecommunications-oriented companies. Each one brings to us the extensive experience and contacts that are vital to the growth of Tachion as we transition from a start up phase to become one of the leading telecom equipment providers," said Jeff Matros, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Tachion Networks. "The phenomenal response to the Tachion solution from service providers at every level of the telecom industry, from ILECs to ICPs, dictates that Tachion will have to scale effectively into a multi-billion dollar company in a short time," Matros continues. "The experience these executives bring to the team will be invaluable in this rapid growth." Blake Kim, Vice President of Corporate Development Prior to joining Tachion, Blake was vice president of Lehman Brothers' Global Technology Group. At Lehman, Blake initiated banking coverage of large-cap telecom equipment and emerging communications equipment companies on the East Coast and in Europe. Blake was instrumental in the IPOs, common share offering and acquisition activities of some of the leading companies in the industry including: -- Sycamore Networks -- Ennovate Networks -- Lucent Technologies -- Hypercom Corp. -- NYNEX -- Alcatel SA Before Lehman, Blake was vice president of Cowen and Company's Technology Group where he developed and executed corporate and financial strategies for technology companies and provided analytical support on the telecom industry's leading players. Earlier in his career Blake was also with Bear, Sterns and Company's Mergers and Acquisitions Group, where he executed a host of transactions including: M&As, exclusive sales, recapitalizations, and equity and high yield financings. He also performed transaction-related activities including: valuation, transaction structuring and related financing, negotiation of deal structures and development of financial models and financial alternatives. Theodore Weitz, Vice President and General Counsel Theodore Weitz comes to Tachion from Intel Corporation where he was Senior Counsel and was General Counsel for Intel's Dialogic Corporation. He was responsible for all legal affairs of the division, with particular focus on technology mergers and acquisitions and strategic transactions. He was lead counsel to Dialogic when it was acquired by Intel, and subsequently was lead counsel on several major acquisitions by Intel, both domestic and international. Ted brings extensive legal experience ideally suited for the company, including general business, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , regulatory and antitrust background and extensive experience in securities, merger and acquisitions, licensing and intellectual property activities. Prior to Dialogic and Intel, Ted was the principal legal counsel for several major business units at Lucent Technologies including applications software, Global Commercial Markets, ATM switching and entrepreneurial businesses including Lucent's Inferno and elemedia groups. Ted also previously held senior legal positions at AT&T Corporation, Novell/UNIX Systems Labs and Winthrop, Stimson, Putnam and Roberts, a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of law firm. Steven J. Krupinski, Vice President of Human Resources Steve Krupinski comes to Tachion with over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience in building HR organizations in the high tech, business information and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries. Before joining Tachion Steve was vice president of human resources at Intel's Dialogic Corporation, where he had overall HR responsibility for this leading developer of computer telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration building blocks. As vice president of human resources for the Dialogic Corporation, Steve was instrumental in building the infrastructure to support the rapid scaling of Dialogic prior to its being acquired by Intel. Steve was a key member on the Intel acquisition team and was also the HR lead on several mergers and acquisitions while at Intel/Dialogic. Prior to Intel/Dialogic Steve was vice president of human resources at Dun and Bradstreet Information Services See Information Systems. . In this position Steve led the reengineering of HR transforming it from an administrative function to a strategic business partner. Steve has also held senior positions at Crum & Forster Personal Insurance (a XEROX financial services organization) AT&T and Bell Labs. About the FUSION 5000 Tachion is the innovator of the FUSION 5000, a Broadband Services Switch, the first system to truly integrate an entire central office into a single switch at a fifth to a tenth the cost of legacy central office architecture. The FUSION 5000 features integrated IP (Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) routing; Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. , ATM (Asynchronous Transfer Mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. ) and TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. (Time Division Multiplexed) switching; SS7/C7 signaling, business voice services and SONET transport. About Tachion Networks Based in Eatontown, New Jersey Eatontown is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,008. What is now Eatontown was originally incorporated as Eatontown Township , Tachion Networks builds next-generation networking infrastructure equipment enabling communications service providers to achieve higher profits while expanding geographic coverage and packet-based service portfolios. Founded in 1996 by veterans of Lucent/Bell Labs, Tachion unites top talent from industry leaders including Siemens, Cisco, AT&T and Telcordia. Privately held, Tachion recently announced the closing of a $26 Million second round of funding, led by Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , JP Morgan, Roy Wilkens (Chairman of Williams Communications), Clark McLeod (Chairman of McLeod USA), Gabriel Communications, UniDial Communications and repeat investors Walden International Investment Group and Morgenthaler Venture Partners. For more information call 732-542-7750 ex: 222 or visit: www.tachion.com |
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