Brian Barry Appointed Hyperchip CEO.Business Editors MONTREAL--(BUSINESS WIRE)--April 25, 2001 Former Ericsson Executive Brings Extensive Customer and International Experience Brian Barry Brian Barry (born 1936) is a contemporary moral and political philosopher. He was educated at the University of Oxford, obtaining the degrees of M.A. and D.Phil. Along with David Braybrooke, Richard E. , a seasoned telecommunication executive with more than 20 years of international experience in the industry, is joining Montreal-based Hyperchip Inc., The Petabit Routing Company(TM), as its first Chief Executive Officer. "I am thrilled to join such a dynamic and innovative team," says the former 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. of Ericsson Canada Inc. "Hyperchip is poised to become a global leader in high-speed networking with a routing technology that meets customer demands for cost-effective and scalable solutions." As CEO, Mr. Barry will lead Hyperchip through its next phase of corporate evolution: the commercialization of its product and the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation and expansion of the company. He will work closely with the senior management team to define business strategies that effectively position Hyperchip as the industry-leader in next-generation routing. A native of Ireland, Mr. Barry moved to Canada in 1997 after a 15-year career in Europe where he received first-hand exposure to the rapidly changing European telecommunications marketplace, including early deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the industry. His various management and sales assignments in the UK prepared him to successfully lead Ericsson Canada which has grown significantly over the past 3 years. "Brian's extensive telecom product commercialization experience is a perfect fit as Hyperchip advances from development to product launch," says Richard Norman, Hyperchip's President and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. . Complementing world-class innovation with world-class execution will greatly benefit Hyperchip's entry into the commercial marketplace. Brian's talent and experience are a tremendous addition to our management team." About Hyperchip Inc. Based in Montreal, Hyperchip is the leader in petabit scalability for the WAN, and is driving the merger of the world's networks to provide end-to-end multi-gigabit connections between users, servers and storage providers - regardless of distance. Founded in 1997 after 10 years of patent work and four years of proof-of-concept work, Hyperchip has pioneered major advances in key computing and communication technologies. Hyperchip has raised more than (U.S.)$100 million in venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends . Investors include Siemens Mustang Ventures, Argo Global Capital, Vertex Technology Fund, Advent International Advent International - a long-established and leading global private equity investor Background Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. , TechnoCap, Optical Capital Group, Altamira, Amerindo, Artemis, Enron Broadband Services, JT Ventures, Morgan Stanley
Hyperchip and the Petabit Routing Company are trademarks of Hyperchip Inc. Other trademarks identified in this release are the property of their respective companies. |
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