Advanced Technology Ventures Adds New Technology Partners; Further Strengthens Domain Expertise in Technology and Healthcare.Business/Technology Editors PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif./WALTHAM, Mass.--(BUSINESS WIRE)--Feb. 12, 2002 World-Class Industry Visionaries, Prabakar Sundarrajan and Ken Noonan, Ph.D, to Extend Firm's Deep Roots in IT and Healthcare Advanced Technology Ventures (ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. ), a leading bi-coastal, early-stage venture capital firm, announced today that Prabakar Sundarrajan and Ken Noonan have joined the firm's exclusive team of technology partners. This move comes on the heels of ATV's recent announcement of ATV VII, a new $800 million fund, the firm's largest fund to date. ATV's technology partners are highly respected experts in their industries. ATV and its portfolio companies rely on this group for their unique domain expertise and deep technical and scientific knowledge. The technology partners work closely with the firm's general partners to evaluate product strategies and market opportunities, and provide critical feedback to help guide emerging ventures. "Sundarrajan and Noonan have exceptional reputations and an unparalleled depth of knowledge in their respective markets," said Jos Henkens, general partner of ATV. "Their guidance will be an invaluable asset to both ATV and our portfolio companies. We are pleased to welcome them both to our growing team and look forward to the significant contributions they will undoubtedly make to the firm and our companies." Prabakar Sundarrajan, has helped drive the product strategy and architecture for several worldwide technology leaders brings nearly 20 years of experience in the networking, Internet and eBusiness markets to ATV. Currently, Sundarrajan is CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and executive vice president of strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and corporate development of NetScaler, a global leader in developing high performance Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. management products. He was formerly senior vice president of technology for Exodus Communications Exodus Communications was a high-flying internet hosting and service provider to dot-com businesses that went broke along with their customers. Exodus inception Exodus was founded in 1992 as Fouress, Inc., and reincorporated in 1994 to Exodus Communications. . Sundarrajan's background includes senior level positions at Transarc Corporation (currently a unit of IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ), Hal Computer Systems HAL Computer Systems was a Campbell, CA-based computer manufacturer. It was started in 1990 by Andrew Heller, a principal designer of the original IBM POWER architecture. His idea was to build computers based on a RISC architecture for the commercial market. , Tandem Computers (company) Tandem Computers - A US computer manufacturer. Quarterly sales $544M, profits $49M (Aug 1994). , Hewlett-Packard and Intel. Sundarrajan holds a masters degree in computer science from University of Massachusetts The system includes UMass Amherst, UMass Boston, UMass Dartmouth (affiliated with Cape Cod Community College), UMass Lowell, and the UMass Medical School. It also has an online school called UMassOnline. , Amherst. He joins ATV's current team of IT-oriented technology partners including Ed Frank, Kam Lau, PhD., and Robert Sproull, PhD. "It's a very exciting time to be working with ATV," said Sundarrajan. "ATV's collaborative work style and deep operational experience make them an asset to early-stage companies, and I am honored to be a part of this stellar team." Ken Noonan, a leading expert in developing business strategies for the global life-sciences industry, is partner at L.E.K. Consulting, a leading global strategy consulting firm. He brings 20 years of healthcare consulting and management experience in the biotechnology, pharmaceutical and diagnostics markets to ATV. Formerly, he was senior vice president of Corporate Development for Applera Corporation, head of Booz-Allen & Hamilton's European Healthcare practice, and founder of The Wilkerson Group's entry into the European biotechnology market. Noonan holds a Ph.D. in biochemistry from Princeton. He joins the current team of healthcare technology partners, Robert Easton and Stephen Shapiro. "I am very pleased to be working with ATV," said Noonan. "I have followed ATV throughout the years and have always been impressed with the firm's track record and investment philosophy." About Advanced Technology Ventures Founded in 1979, Advanced Technology Ventures (ATV) is a leading venture capital firm whose management experience, technology expertise, global network of industry contacts and collaborative style has helped more than 120 companies navigate from inception to 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. and beyond. With approximately $1.5 billion of committed capital, its portfolio includes investments in the areas of communications, Internet infrastructure, software and services, and healthcare. ATV's investment philosophy centers on collaborative, active participation with the management teams of its portfolio companies. |
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