AuthenTec Strengthens Management Team With the Appointment of David Esto to Vice President of Sales.Business/Technology Editors MELBOURNE, Fla.--(BUSINESS WIRE)--April 17, 2000 AuthenTec, Inc. today announced it has hired David H. Esto as vice president of sales. Mr. Esto will oversee AuthenTec's worldwide sales operations and account management. The addition of Mr. Esto to the seasoned management team strongly positions AuthenTec to meet the rapidly growing demand for its FingerLoc(TM) personal identification solutions. "The market demand for our biometric bi·o·met·rics n. (used with a sing. verb) The statistical study of biological phenomena. bi security solutions, coupled with the leadership position obtained by our company's products, has resulted in AuthenTec's rapid growth and the exciting opportunity to continue setting the technology agenda in this field," said F. Scott Moody, 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 AuthenTec. "We are extremely pleased to welcome David to our management team. His industry experience and enthusiasm will enable AuthenTec to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. new market opportunities while providing the best personal identification solutions to our customers." Mr. Esto comes to AuthenTec with over 30 years of experience in high-technology semiconductor and electronic component distribution management. Prior to joining AuthenTec, Mr. Esto was vice president of sales for Arrow Electronic where he was responsible for managing dedicated sales and product teams, supporting five of Arrow's top 20 North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. customers. In this position, Mr. Esto was highly successful in exceeding sales, gross profit 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). expectations. Prior to his tenure at Arrow, Mr. Esto held similar management positions at California Devices, Fairchild Semiconductor and Powell Electronics. About AuthenTec AuthenTec, Inc. is the only provider of fingerprint fingerprint, an impression of the underside of the end of a finger or thumb, used for identification because the arrangement of ridges in any fingerprint is thought to be unique and permanent with each person (no two persons having the same prints have ever been personal identification solutions with the ability to acquire everyone. Through its patented FingerLoc technology and key alliances with members of its Solutions Provider Network, AuthenTec delivers convenient authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. and identification solutions for real-world applications in the PC, e-commerce, access control and wireless industries. Privately held, AuthenTec is headquartered in Melbourne, FL. For more information, visit http://www.authentec.com. FingerLoc is a trademark of AuthenTec, Inc. All other trademarks or registered trademarks referenced herein are the properties of their respective owners. |
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