Azanda Network Devices Appoints Industry Veteran Dennis Barsema to Board of Directors.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 3, 2003 Azanda Network Devices, an innovator in the development of silicon products for managing the way traffic is processed in core, edge and access networks, today announced that industry veteran Dennis Barsema has joined its board of directors. With over 20 years of executive experience in the optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. and telecommunications industry, and significant expertise in building successful companies, Barsema will bring unparalleled strategic guidance to Azanda. "Dennis is an invaluable addition to our board," 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 leadership and experience in building Redback Networks Redback Networks is a telecommunications equipment company. History Redback Networks was founded in August, 1996. Redback is an ERICSSON subsidiary since the beginning of 2007 (was previously traded on NASDAQ under the symbol RBAK). is particularly valuable to Azanda as we continue to secure market traction with network OEMs. In addition, there are few people who can bring his level of industry knowledge to the table, so we're quite confident that he will help us better serve our customer base." Barsema currently serves as chairman of the board at Onetta and is on the board of directors for Tahoe Networks and Northern Illinois University Foundation while also serving as an advisor to the School of Business at Santa Clara University. Prior to his position at Onetta, he was the president and CEO of Redback Networks, where he was instrumental in leading the company through rapid and sustained growth. In the course of his career, Barsema has also held executive positions as senior vice president and general manager at Centigram cen·ti·gram n. A metric unit of mass equal to one hundredth (10-2) of a gram. centigram one-hundredth of a gram; abbreviated cg. , acquired by ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. in June 2000, as well as posts as senior vice president at SoftSwitch and vice president at Paradyne Corp. "I have been watching the progress that Azanda has been making and have been impressed with the company's leadership and innovative technology," said Barsema. "I am excited to be joining their Board and contributing to Azanda's even greater success in the future." 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 Capital, Goldman Sachs, 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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