BigBand Networks Names Maurice Castonguay as CFO.Veteran Financial Officer Brings Wealth of Experience From High-Growth Tech Companies to Video Networking Innovator REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. -- BigBand Networks BigBand Networks (known as BigBand ; NASDAQ: BBND) is a multinational corporation headquartered in Redwood City, California, United States. BigBand manufactures and sells digital video and data processing platforms and solutions in areas ranging from digital video to CMTS. , Inc. (Nasdaq:BBND), a leading innovator in video networking, today announced that it has appointed Maurice "Moe" Castonguay as senior vice president and chief financial officer. Mr. Castonguay reports to Amir Bassan-Eskenazi, chief executive officer, and is responsible for finance, accounting and investor relations Investor relations The process by which the corporation communicates with its investors. . "Moe is a seasoned high-tech executive with a proven track record of success at multiple companies, and a valuable addition to our management team," said Mr. Bassan-Eskenazi. "His experience will be instrumental in helping the company grow in this critical stage of its development as a public company. We're excited to have him on board." Mr. Castonguay brings extensive experience as a public-company CFO See Chief Financial Officer. to BigBand. He spent more than 11 years as CFO of multiple publicly-traded high-tech companies, including Xylogics, Inc. (acquired by Bay Networks, Inc.), Stratus Computer, Inc. (acquired by Ascend Communications, Inc.) and MatrixOne, Inc., which he led through an initial public offering. Mr. Castonguay has also served as CFO for a number of private technology companies, including Acopia Networks, Inc. (recently acquired by F5 Networks) and video-on-demand specialist Broadbus Technologies, Inc. (acquired by Motorola, Inc). Throughout his 30-year career, he has been instrumental in guiding private and publicly-held companies through periods of rapid growth. "I am pleased to join BigBand as the company continues 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>. significant opportunities in advanced video networking," added Mr. Castonguay. "My experience should enhance an already strong management team." Mr. Castonguay began his career in public accounting on the audit staff of Coopers & Lybrand (now PriceWaterhouseCoopers) and later on the tax staff of Peat Marwick (now KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen ). He currently serves as chair of the audit committee on the board of directors of Cedar Point Cedar Point is a 364 acre (1.5 km²) amusement park located in Sandusky, Ohio, U.S. on a narrow peninsula jutting into Lake Erie. It is one of the world's largest amusement parks (by ride count) with 69 rides and currently holds the world record for most roller coasters with 17, one Communications, Inc., a privately-held VoIP switching company. He is a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. (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. ) and holds a bachelor's degree in accounting and a master's degree in taxation from Bentley College, as well as an M.B.A. from Babson College. About BigBand Networks BigBand Networks, Inc. (NASDAQ:BBND) provides broadband service providers with innovative network solutions designed to make it easier to move, manage and monetize video. These solutions are based on BigBand's video-networking platforms that are built to enable efficient and reliable delivery across a wide range of services, including digital TV, high definition TV, addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be advertising, video-on-demand and interactive TV. BigBand Networks' customers include more than 200 service providers--including six of the ten largest service providers in the U.S.--and leading cable and telco service providers in North America, Asia, Europe and Latin America. BigBand Networks is based in Redwood City, Calif., with offices worldwide. For additional information about the company, please call +1.650.995.5000, email info@bigbandnet.com or visit www.bigbandnet.com. BigBand Networks' brand and product names are service marks, trademarks or registered trademarks of BigBand Networks, Inc. in the United States and other countries. All other marks are the property of their respective owners. |
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