Blackstone Appoints Four Industry Leaders to Management Team to Guide Compute Power Innovations.

Business/Technology Editors

WORCESTER, Mass.--(BUSINESS WIRE)--Oct. 3, 2000

Compute Farm Leader Strengthens Management Team with VP Sales;

VP Technology; Director of Internet Business Development;

and Director of Professional Services 

With the appointment of four new members to its management team, Blackstone Technology Group, the leading compute farm services and technology provider, is poised to expand and build on its successes in the market for large-scale, application-specific computing power.

Ron Ranauro, founder and chief executive officer of Blackstone, said, "To realize our vision of enabling secure, boundless computing over the Internet, we need strong sales leadership and experienced leaders overseeing a broad range of services and technology divisions. These four executives share in our excitement about the market for endless compute power, as well as in Blackstone's solutions. We are honored to have them on the Blackstone team."

Joining Blackstone are Michael Fahy as vice president of sales; Rebecca Hyman as vice president of technology; Tom Kingsley as director of business development for Internet services; and Andrew Racicot as director of professional services.

Fahy was most recently vice president and general manager of a division of Uniform Information Services. Hyman is the former IT manager of international software development at Syncor International, a world-leading provider of radiopharmaceuticals. Kingsley recently served as vice president of marketing and product development at electronics firm, Planar Systems, Inc. Racicot was most recently director of program management at Avid Sports.

Biographies of New Management Team Members

Michael Fahy, vice president of sales, brings nineteen years of executive marketing, business development and sales experience in technology markets to his role at Blackstone. Fahy joins Blackstone after serving as vice president and general manager of a division of Uniform Information Services, a $28 million national information services company. At Uniform, Fahy managed strategic acquisitions and moved the company to a higher valued ASP model. Prior to Uniform, Fahy held national and international marketing and sales positions at Sprint Corporation, Data General and General Electric. At Sprint, Fahy served as national account manager, increasing national sales of voice, data, and video communications services from $700,000 to $7.2 million in three years. Fahy holds a bachelor's of science degree in mechanical engineering from State University of New York at Buffalo.

Rebecca Hyman, vice president of technology, brings nineteen years experience in information systems, nuclear science, and pharmacology to Blackstone. She joins the firm from Syncor International, a world-leading provider of radiopharmaceuticals, where she was the IT manager of international software development. Prior to Syncor, Hyman was chief technologist for the nuclear medical department of the Alton Memorial Hospital in Alton, Illinois. Hyman is an MBA candidate at Maryville University. She has completed two years of graduate studies in biochemistry and cell regulation at Southern Illinois University, holds a certificate of nuclear medical technology from Washington University, and a bachelor's of music degree from Northwestern University.

Tom Kingsley, director of business development for Internet services, brings over twenty years of management and leadership experience in marketing and engineering of electronic products to his role at Blackstone. Prior to joining the firm, Kingsley served as vice president of marketing and product development at Planar Systems, Inc. Prior to Planar, Kingsley led strategic product planning and business development efforts at Sharp Microelectronics Technologies, a US subsidiary of Sharp Corporation of Japan. Kingsley developed several strategic partnerships and founded and served as the general manager of a system-on-chip IC business that developed several microprocessor based ICs. Prior to Sharp, Kingsley served as a software product manager at Xilinx, director of engineering at Avnet Electronics, and designed high performance computer graphics workstations for VG Systems and Axxa. He holds a bachelor's of science degree in engineering from the University of California at Los Angeles.

Andrew Racicot, director of professional services, brings seventeen years of program management, product development and engineering management experience in technology and manufacturing sectors to his role at Blackstone. He joins the firm from Avid Sports where he was director of program management. Prior to Avid Sports, Racicot was with Bose Corporation for nine years where he oversaw the introduction of more than twenty new products including some of the most successful in the company's history. Prior to Bose, Racicot held program management and new product development positions with Digital Equipment Corporation and Data General Corporation. He holds a bachelor's of science degree in management engineering from Worcester Polytechnic Institute.

About Blackstone Technology Group

Blackstone Technology Group, Inc is a pioneer in developing and implementing compute farm solutions that deliver secure, scaleable and uninterrupted compute power on demand. The company offers ComputeFarm Advantage, a comprehensive suite containing all the tools and services needed to access, provision, and scale compute power. Sun, Celera, Qualcomm and Lucent rely on Blackstone for compute farm solutions. More information on Blackstone can be found by contacting the company at 508.793.2162 or through www.ComputeFarm.com.

ComputeFarm Advantage is a trademark of Blackstone Technology Group, Inc. All trademarks are the property of their respective owners.