Arcot Systems Names New Chief Financial Officer; Joseph Consul Brings 18+ Years of Financial and Operational Experience to Leading Provider of Strong Authentication Solutions.Business Editors/High-Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--June 17, 2002 Arcot Systems, Inc., a leading provider of solutions for securing electronic identity, today announced the appointment of Joseph Consul to the position of Vice President and Chief Financial Officer. Reporting to Ram Varadarajan, 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. , Consul will be responsible for managing Arcot's finance, administrative, MIS, human resources, and facilities departments. "We're very proud to have been able to attract a veteran of Joe's caliber to our team," said Ram Varadarajan, president and CEO of Arcot Systems. "Joe is a proven winner who's repeatedly helped build companies into successes in the public equity market. We're looking forward to Joe's contributions to our ongoing success." Consul joins Arcot with more than 18 years of experience. Most recently, he was VP of finance and CFO See Chief Financial Officer. at Tumbleweed Communications, where he played a central role in the company's success. While at Tumbleweed, Consul was responsible for finance, investor relations Investor relations The process by which the corporation communicates with its investors. , legal, human resources and facilities operations. He led the company through a successful 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 secondary public offering, and oversaw several key acquisitions and rounds of private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. . Before Tumbleweed, Consul was VP operations for Fractal Design Corporation, a graphics software company. Prior to that, Consul held senior finance positions at Ray Dream, XA Systems Corporation, and Adobe Systems. Consul holds a B.S. in Business Administration from San Jose State University and an M.B.A. from the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission , and holds a 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. certificate from California. About Arcot Arcot Systems, Inc., is the leading provider of authentication and access control solutions for securing e-business in Internet-scale, transactional and wireless environments. Only Arcot provides cost-effective, scalable, software solutions based on the ArcotID(TM) Software Smart Card for strongly authenticating users and transactions for payment systems, Web-based email, Web portals and virtual private networks. Arcot solutions meet the business need for strong transactional security while providing the customer a user-friendly experience with anytime, anywhere convenience. Leaders in financial services, healthcare, and e-commerce are using Arcot solutions to protect their customers' privacy and reduce fraud. For more information, visit www.arcot.com. |
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