Bang Networks Strengthens Financial Services Expertise; Atriax and Deutsche Bank CTO Stephen Epstein to Steer Market & Product Strategy.Business Editors, High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--June 3, 2002 Bang Networks, provider of real-time information messaging, reinforced its financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. market focus with the hiring of Stephen Epstein Stephen E. Epstein, M.D, is a physician. Formerly Chief of the Cardiology Branch of the National Heart, Lung and Blood Institute of the National Institutes of Health in Bethesda, Maryland for over 30 years, became Director of Vascular Biology Research at the Cardiovascular Research to oversee business development efforts. Epstein was formerly the Chief Technology Officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ) at Atriax Ltd., the foreign exchange online consortium formed by CitiBank, Deutsche Bank, JP Morgan/Chase and Reuters. Prior to Atriax, Epstein capped a six-year tenure at Deutsche Bank as CTO of FXMarkets, Deutsche's highly respected and successful online FX offering. Epstein's experience leading the successful design, development and deployment of two of the most significant online offerings in capital markets banking immediately translate into benefits for Bang Networks and its customers. In his role as director of business development, Epstein will define Bang's financial services market and product strategy. He will also guide customer implementation programs as well as leverage his vast number of relationships within the investment banking community. "Through his distinguished career, Stephen fully understands and appreciates the challenges that our target customers face and can demonstrate the value that Bang's solutions offer," said William Clark, vice president, worldwide marketing and business development, Bang Networks. "Stephen's domain-specific expertise furthers our financial services total solution strategy." Epstein provides Bang with a proven track record deeply routed in business and product development and deployment. Prior to Deutsche Bank, Epstein was at Bear Stearns & Company where he was responsible for the design and deployment of the European trading floors in both London and Paris. Before that, he was with CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation Capital (Groupe Caisse des Depots) as Trading Systems IT Manager. "There is a significant requirement within the financial marketplace for technology solutions that not only allow businesses to extend their product reach to new markets and channels, but that also enable banks to leverage existing technology investments," said Epstein. "Bang Network's solutions answer this need and I am excited to part of this fantastic new wave of business opportunities." About Bang Networks Bang Networks provides real-time information messaging that enables enterprises to develop and deploy composite web applications and web services. Bang Networks is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with more than $32MM in funding to date; $14MM of which was raised in December 2001. Investors include Sequoia Capital; Atlas Venture; Marc Andreessen, Chairman and Co-Founder, Loudcloud; Dan Warmenhoven, 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. , Network Appliance; Nicholas Negroponte, Director and Co-Founder, MIT MIT - Massachusetts Institute of Technology Media Laboratory; and Angel Investors LP. Bang Networks has offices in San Francisco and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information visit the company website at: www.bangnetworks.com. |
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