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Bluesocket Appoints Tim Losik as Chief Financial Officer.


Seasoned Operations and Finance Executive Brings 25 Years of Experience to Help Manage Bluesocket's Global Growth

BURLINGTON, Mass. -- Bluesocket, Inc., (www.bluesocket.com) the leader in open wireless network, security and management solutions, today named industry finance veteran Tim Losik as its Chief Financial Officer. Mr. Losik will draw on his significant financial, planning and operational experience to help build and manage Bluesocket's domestic and international growth.

"Tim comes to Bluesocket with a great deal of financial and operational background as he has served as a finance executive for both public and private companies," said Mads Lillelund, 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.  at Bluesocket. "Having achieved record results at Bluesocket in 2006, we are pleased to have Tim on board as his experience, both domestic and international, will help us continue to grow across all regions."

"I am pleased to be joining Bluesocket during a period of exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear. ," said Tim Losik. "The WLAN See wireless LAN.

WLAN - wireless local area network
 market is a fast growing market and Bluesocket has positioned itself as a leader in the industry, delivering a full set of solutions for the enterprise as well as the public access markets."

With more than 25 years of industry experience, Mr. Losik worked as a finance executive at public companies with revenues reaching as high as $800M, and has been involved with both public debt and equity markets. Mr. Losik held key executive roles at major companies such as Hadco and Sanmina, was CFO See Chief Financial Officer.  and COO at Omtool, a Nasdaq listed software company, and most recently was with Globalware Solutions.

Mr. Losik earned a BS in Accounting and an MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 from New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E).  College, and 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.
.

About Bluesocket

Founded in 1999, Bluesocket is the leader in open wireless network, security and management solutions. Its complete WLAN solution portfolio delivers trust and simplicity to increasingly complex wireless networks. Thousands of BlueSecure Controllers, Access Points, Intrusion Detection Systems and BlueView Management Systems are deployed by leading enterprises that require high quality WLAN service. Bluesocket's long-standing expertise in wireless and security has attracted a large customer base that spans enterprise, education, healthcare, government, library and public access markets. Bluesocket customers can profit from their wireless networks by protecting existing investments, maximizing ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). , and increasing their competitive edge. For more information, please visit http://www.bluesocket.com.

Bluesocket, the Bluesocket logo and BlueSecure are trademarks or registered trademarks of Bluesocket, Inc. All other trademarks, trade names and company names referenced herein are used for identification only and are the property of their respective companies.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 24, 2007
Words:417
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