Azanda Network Devices Appoints Dean Grumlose as Vice President Of Marketing; Industry Veteran to Lead Marketing and Product Strategy for Azanda.Business Editors SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 3, 2003 Azanda Network Devices, an innovator in the development of integrated traffic management products for access, edge and core networks, today announced that Dean Grumlose, an industry veteran with over 23 years of engineering and marketing experience in the communications semiconductor industry, has been selected to lead the company's global marketing and product strategy. "Dean brings to Azanda a fantastic track record of success with leading communications silicon vendors," stated Steve Dines, 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 Azanda Network Devices. "His years of experience in bringing products to the communications marketplace, as well as his deep knowledge of our market segment, make him the ideal addition to our executive team." Mr. Grumlose joins Azanda from Velio Communications, a supplier of high-speed switching and SerDes products targeting the storage and telecom markets. Prior to Velio, Mr. Grumlose served as the vice president of routing products at PMC-Sierra, where he oversaw the engineering and marketing of a broad set of communications semiconductor products in the traffic management, network processing and switch fabric areas. Mr. Grumlose joined PMC-Sierra from Conexant Systems, where he led the Multi-Service Access business unit through four years of extremely rapid growth. "As systems OEMs pack more functionality into their existing designs, as well as create new systems capable of granular QoS, the traffic manager's role on the line card will continue to grow," stated Grumlose. "Azanda, with its clear technology leadership and market traction, is well-positioned to benefit from this trend. I am excited to be a part of the company's present and future success." Mr. Grumlose has also held a range of marketing and engineering positions at Advanced Micro Devices and Mitel Corporation. He received his Bachelor of Applied Science A Bachelor of Applied Science is an undergraduate academic degree awarded for a course of study that generally lasts three years in the United Kingdom and Australia, and four to five years in Canada, the Netherlands and the United States. in Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from the University of British Columbia Locations Vancouver The Vancouver campus is located at Point Grey, a twenty-minute drive from downtown Vancouver. It is near several beaches and has views of the North Shore mountains. The 7. in Vancouver, Canada, and is the holder of two U.S. patents. About Azanda Network Devices Azanda Network Devices is an innovator in the development of silicon products for managing the way traffic is processed in core, edge and access networks. Azanda's high-performance silicon products help OEMs leverage their existing investments in systems and accelerate their product time to market. Azanda's investors include Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , China Development Industrial Bank, Commonwealth Capital Ventures, Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Capital, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in , Newbury Ventures and Parker Price Venture Capital. Additional information on Azanda can be found at http://www.azanda.com, or by contacting company headquarters in Sunnyvale, Calif., at 408-720-3100. |
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