Borealis Secures Additional Funding; Two Technology Industry Leaders Appointed to Board of Directors.CARSON CITY Carson City, city (1990 pop. 40,443), state capital, W Nev., in the Eagle valley; inc. 1875. The city is a trade center for a mining and agricultural area. State government is the major employer, and tourism is economically important. , Nev.--(BUSINESS WIRE)--July 1, 1998--Borealis Technology Corporation, the leader in providing Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) solutions for the Mobile Office, today announced that it has received $3 million in equity investments as part of a private placement round of financing. In addition, Borealis announced the appointment of two new members to its board of directors, Pete Stonebridge and John Webley. "Borealis is excited about the appointment of two new seasoned technology veterans to its board of directors," said Patrick W. Grady, chief executive officer of Borealis. "Both of these individuals were responsible for co-founding startup organizations which quickly became leaders in their respective market segments. Their unique experience and leadership will help Borealis to continue to deliver world-class CRM solutions for the Mobile Office." Pete Stonebridge most recently held the position of vice president of engineering and chief software architectat Stratacom. Stonebridge left Stratacom when the company was purchased in July 1997 by Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. for $4.4 billion. Stonebridge joins Borealis with over 25 years of technology experience with companies such as Rolm, Phillips and Ferranti. He holds a BSEE BSEE abbr. Bachelor of Science in Electrical Engineering from Surrey University, England. John Webley co-founded Advanced Fiber Communications and is currently CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and vice president of the company. Previously he co-founded Quadrium Corporation, a product development and market research company. Webley graduated from the University of Stellenbosch, Cape Town Cape Town or Capetown, city (1991 pop. 854,616), legislative capital of South Africa and capital of Western Cape, a port on the Atlantic Ocean. It was the capital of Cape Province before that province's subdivision in 1994. , South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. with BSEE, Hons BSc (telecom) and MSEE MSEE Master of Science in Electrical Engineering MSEE Mean Square Estimation Error MSEE Major Source Enforcement Effort MSEE Materials Science and Electrical Engineering (Purdue University building) . For nine years, John worked in South Africa for the Department of Telecommunications. He has also held senior engineering positions at Lynch Communications and Optilink. About Borealis Borealis Technology Corporation, headquartered in Carson City, is a leading provider of flexible customer relationship management products and services for the Mobile Office. Borealis provides the only natively mobile solution that integrates Mobile Office users, front-office applications and back-office data through easy-to-use, role-specific views of customer information. More information is available at www.borealiscorp.com or call 888/427-7362. Note to Editors: Borealis is a trademark of Borealis Technology Corp. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.
CONTACT: Borealis Technology Corporation
Teddi Converse, 702/888-3200
tconverse@brls.com
or
InterActive Public Relations
Wendy Wickwire, 415/703-0400 ext. 231
wendy_wickwire@ipri.com
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