Ajit Medhekar, Networking and Telecom Veteran, is Named to Corrent's Board of Directors.Business Editors TEMPE, Ariz.--(BUSINESS WIRE)--Sept. 5, 2002 Corrent Corp., which in less than 15 months designed and delivered a family of gigabit-speed security processors that off-load See offload. and accelerate SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data. and IPSec transactions, today announced it has elected networking, silicon and telecom industry veteran Ajit Medhekar to its board of directors. The company currently offers three silicon products and a host of board solutions that ensure data security without slowing network processing. Medhekar has more than 20 years' experience with three successful start-ups of silicon and systems for computing, networking and telecommunications. Medhekar has extensive experience in growing fledgling businesses to multimillion-dollar corporations. "We are thrilled that Ajit has joined our board. His extensive experience and business acumen acumen Astuteness, perception, perspicacity , especially in the design and delivery of successful silicon products, are incredibly valuable," said Richard Takahashi, 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 Corrent Corp. "Ajit's extensive knowledge of our customers, the venture capital community and the public equity markets will help us continue our momentum as the leading supplier of Internet data security and acceleration processors." Medhekar founded and was chairman and chief executive officer of next-generation switching innovator empowerTel Networks, which was acquired by IP Unity earlier this year. Under his direction, empowerTel Networks grew to more than 250 employees and raised $54 million in venture funding. Medhekar was also the founder and chairman of Lara Networks, which developed silicon-based network search engines for switching and routing equipment vendors including Cisco, Juniper, Nortel, and others. Lara Networks was acquired by Cypress Semiconductor Cypress Semiconductor is a semiconductor design and manufacturing company. It began operations in 1982 and listed publicly in 1986. Two years later, the company shifted over to the New York Stock Exchange under the symbol, (NYSE: CY). in July 2001. Other experience includes leading Alliance Semiconductor from a start-up through a public offering; managing engineering at AMD/MMI; and designing memory chips at Synertek/Honeywell and National Semiconductor. Medhekar has authored over a dozen patents and holds a B.S.E.E. and an M.S.E.E. from the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, . "As consumers and businesses continue to increase their reliance on the Internet, the Internet, the, international computer network linking together thousands of individual networks at military and government agencies, educational institutions, nonprofit organizations, industrial and financial corporations of all sizes, and commercial enterprises security and processing efficiency offered by Corrent are absolutely critical," said Medhekar. "Serving on Corrent's board is an exciting opportunity to help this company continue to deliver effective networking solutions and reach the next level of success." About Corrent Corp. Corrent Corp. is a semiconductor company providing high-performance Internet silicon and system solutions for both public and private IP networks. Corrent's modular architecture performs encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. at the fastest data rates in the industry -- doubling the performance of existing solutions. With three products in the market currently, Corrent delivers complete sub-system solutions to network OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and providing ease of integration and time-to-market advantages. A recent winner of Microprocessor Report's Security Processor of the Year Award, Corrent's products are designed for use in networking infrastructure equipment such as routers, switches, Web servers, access concentrators See remote access concentrator. , and dedicated IP-services systems. For more information visit www.corrent.com. All brands and names are the properties of their respective owners. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion