AppStream Names John Sines as Chief Financial Officer; High-Tech Veteran Brings 25 Years of Financial Expertise to Management Team.Business Editors/High-Tech Writers AppStream, Inc., an application deployment and management technology leader, today announced the addition of industry veteran, John Sines, as Chief Financial Officer (CFO See Chief Financial Officer. ). Sines joins AppStream with more than 25 years of corporate finance and operations experience in both privately and publicly held companies. He brings broad expertise in corporate financing, having raised a combined total of $350 million in debt, equity financing and merger proceeds throughout his career. "Adding a seasoned CFO like John to our management team is a critical next step in our growth," said Uri Raz, 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 AppStream. "His proven track record building solid financial infrastructures for high-growth technology companies will be a tremendous asset to AppStream and will help further establish our market leadership." Sines has a wealth of experience in corporate funding, mergers and acquisitions and business management. Previously, Sines served as CFO at Viquity Corporation, an electronic transaction and data transport company, where he also acted as interim CEO. Sines' career includes pivotal roles as CFO for several rapidly growing companies including Cofix, Versity.com, E/O E/O Electro-Optical E/O Electrical-to-Optical (conversion) E/O Engine Out (aviation) Networks and E-H International, as well as senior finance positions with Harris Company, Sega Enterprises, Victor Technology and Calera Recognition Systems. The application deployment market is projected to exceed $12 billion in 2005 and AppStream is poised to capture significant market share with its patented application streaming technology. Industry leaders such as Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Sabre, AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. and Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. depend on AppStream for application deployment and are taking advantage of its measurable benefits including reduced application and IT costs, performance gains and faster time-to-market. "AppStream has an extremely exciting market opportunity and is positioned well for success," said Sines. "The company has proven that its application deployment platform provides tremendous cost-savings and ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). benefits to a multitude of industries. With a seasoned team in place, a truly compelling technology, and an impressive customer base, I am looking forward to contributing my efforts to manage AppStream's growth." About AppStream AppStream is a leading provider of application deployment and management technology. The company's patented technology lowers application TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. while optimizing existing infrastructure to provide the most cost-effective way to distribute any application over any network. The technology is the first of its kind to reduce network congestion and server load and provide ubiquitous access to dynamic and highly functional applications across all networks without impacting applications or IT infrastructure. AppStream's customer base includes Fortune 1000 corporations in financial services, travel, high tech and manufacturing. The company is based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. . |
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