Bivio Networks Appoints Keith Glover Chief Financial Officer; Tech Industry Finance Veteran to Direct Finance, Operations, and Administration for Leading Network Appliance Platform Company.

PLEASANTON, Calif. -- Bivio Networks, Inc., the leader in high-speed network appliance platforms for the Software-Driven Network(TM), today announced Keith Glover has joined the company as its CFO. Glover has over twenty-five years of business and financial experience in the telecommunications, networking, and wireless industries. Glover will be responsible for all aspects of finance, operations, and administration management for the company. He will work with Elan Amir, president and CEO, and the Bivio management team to continue to build out Bivio's company infrastructure in support of its rapid business expansion.

"Keith has demonstrated his ability to take a company from start-up to IPO and to establish relationships within the Wall Street investment community," said Amir. "Adding a senior executive of Keith's caliber and track record gives Bivio the financial leadership experience required to manage our rapid business expansion, taking us to and through the next phase of growth."

"Leveraging our market, product, and technology leadership in delivering best-in-class high-speed network appliance platforms makes Bivio a big play," said Glover. "I look forward to working alongside the executive team to capitalize on the company's excellent success."

Prior to joining Bivio, Glover served as the executive vice president of finance, chief financial officer, and corporate secretary for Proxim Corporation, a leading developer of wireless products and technologies. He led the process to complete Proxim's IPO, secondary public offering, several private placement financings, and merger and acquisition activities. Glover has also served as vice president of finance for Vitalink Communications Corporation and previously held finance positions at ROLM Corporation and KMPG. Glover holds a BS in business administration and accounting from California State Polytechnic University Pomona.

Bivio provides a network appliance platform that delivers the wire-speed performance normally associated with ASIC-driven hardware. Bivio's appliance architecture allows network equipment manufacturers and application developers to focus on their core competencies -- software development -- and still compete effectively with ASIC-driven systems from other vendors. Bivio's multi-gigabit-performance platform supports enhanced, open Linux software and includes a comprehensive set of common networking and management functions, making it ideal for software companies that want to deliver high-performance applications but do not have the resources to build their own ASIC.

About Bivio Networks

Bivio Networks has developed an award-winning deep-packet-inspection and processing platform that combines unparalleled scaling of network performance, processing power, and application agility. Bivio's network appliance features a groundbreaking architecture specifically optimized for wire-speed execution of emerging network services that increasingly demand deep packet processing combined with high network throughput. Based on open industry standards, Bivio Networks fuses unmatched flexibility with uncompromising performance to enable its customers to overcome existing bottlenecks and deliver the foundation of the next-generation network infrastructure. Headquartered in Pleasanton, California, Bivio Networks is backed by Goldman Sachs, InterWest Partners, Storm Ventures, and Venrock Associates. More information is available at http://www.bivio.net/.