Arabesque Communications Appoints Chief Financial Officer; New Executive Led Arabesque Through Latest Round of Corporate, VC Funding.REDWOOD SHORES, Calif.--(BUSINESS WIRE)--June 23, 1999-- Arabesque Communications, Inc., the venture-backed developer of Internet voice portal servers for wireless and Internet service providers, today announced the appointment of Alan Cremers to Vice President, Finance and Administration and Chief Financial Officer. Cremers had been serving as Arabesque's interim CFO See Chief Financial Officer. since October 1998. Additionally, his most recent background includes advising and assisting several venture-backed technology and service companies in raising venture funding, as well as preparing several Silicon Valley companies for initial public offerings. "Alan Cremers has successfully led Arabesque through our most recent rounds of funding, with investors as diverse as Intel Corporation, leading European telephone companies, and well-known venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] ," said George Sollman, 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. , and co-founder of Arabesque. "Alan has been intimately involved in the day-to-day operations of Arabesque and we - and our investors - are more than confident in his financial leadership ability as we assert our presence in this competitive, rapidly-growing new market." Arabesque is expected to formally unveil its product and business strategy, as well as its latest round of funding, in early July when the company is officially launched. In Cremers' private consulting practice from 1997 through 1998, he assisted Covad Communications with a $150 million public debt offering and Deltagen Inc., a functional genomics research company, with raising $17 million of venture capital and lease funding. Cremers also spent two years with Arris Pharmaceutical Corp. as director of finance and administration, and served as controller and chief accounting officer for Leasing Solutions, Inc., during a period in which revenues grew from $23 million to $60 million and the company completed its initial public offering. Cremers also served as a vice president and relationship manager in the banking and M&A financing industry, including First Interstate Bank and GE Capital. Cremers began his professional career at Ernst & Young, where he earned his CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. . Cremers has an accounting degree from the University of Iowa Not to be confused with Iowa State University. The first faculty offered instruction at the University in March 1855 to students in the Old Mechanics Building, situated where Seashore Hall is now. In September 1855, the student body numbered 124, of which, 41 were women. (1980) and an MBA from the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal (1985). His current affiliations include active membership in the Financial Executives Institute, the California Society of Certified Public Accountants, and an industry finance roundtable group. Arabesque's Internet Voice Portal Server Arabesque's Internet voice portal server represents a complete turnkey solution that enables wireless and Internet portal providers to offer a fully featured internet portal focused on the needs of the mobile user and accessible through any wireless handset. Through this portal, the end user can access general web information and commerce services like news, weather and travel services; access location-specific web information like yellow pages and directions; make and receive phone calls; as well as access the user's calendar, directory and unified message inbox, all with a simple set of voice commands. The portal can even pro-actively deliver time critical web information, such as a commute or flight update, to the user as it is posted on the Internet. It can work with any user, any wireless handset, any Internet content or service and with any prevalent personal information manager (PIM) database. Arabesque's initial lead investor was Doll Capital Management, founded by Dixon Doll, a veteran venture capital investor in telecommunications companies. At the close of its first round investment in April 1998, Doll was joined by a leading publicly-held computer telephony company plus a number of sophisticated private investors. The company added Intel Corporation as its second key corporate investor in August 1998. About Arabesque Communications Arabesque Communications was founded to address the information and productivity needs of mobile individuals using wireless communications. The company's founders and management team come from leading wireless, telecom and networking companies including Cisco (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), 3Com (NASD:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ), Centigram (NASD:CGRM CGRM Computer Graphics Reference Model (ISO) ) and Telco Systems (NASD:TELC TELC Trinity Evangelical Lutheran Church TELC Transnational Economic Law Research Center (Germany) TELC Trombley Early Learning Center (Bay City, Michigan) ). Arabesque's lead investor is Doll Capital Management. Arabesque is located at 303 Twin Dolphin Drive, Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. . The company's web site is www.arasys.com. |
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