Castile Ventures Expands Investment Team with the Addition of Carl Stjernfeldt.Successful Investor In Market-Transforming IT Companies Including Agito Networks, Arbor Networks, Broadbus, Cedar Point Cedar Point is a 364 acre (1.5 km²) amusement park located in Sandusky, Ohio, U.S. on a narrow peninsula jutting into Lake Erie. It is one of the world's largest amusement parks (by ride count) with 69 rides and currently holds the world record for most roller coasters with 17, one , Optium, and Tejas WALTHAM, Mass. -- Castile Ventures announced today that it is expanding its investment team with the addition of Carl Stjernfeldt, most recently a Partner at Battery Ventures. Carl comes to Castile with a strong record of investing in and serving on the boards of successful technology companies including Agito Networks, Arbor Networks, Broadbus, Cedar Point Communications, Optium (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : OPTM), and Tejas Networks. "We are delighted Carl has joined our team," said Castile Founder and Partner Nina Saberi. "Carl shares our passion for early-stage investing. He has been successful in identifying emerging technologies and markets and in recognizing talented entrepreneurial teams, and has a record of adding value as an effective board member. We believe Carl will make an outstanding contribution to the development of our firm." "Carl played a vital role in our success," commented Vin Bisceglia, 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 Broadbus, a video-on-demand server vendor recently acquired by Motorola. "He was the first investor that truly appreciated and understood our vision and market opportunity. As a board member, his deep understanding of technology and the challenges of building a technology business translated into sound advice." Carl is an active and committed member of the technology and venture communities, participating in organizations including the MIT MIT - Massachusetts Institute of Technology Deshpande Center, the University of Michigan's Technology Transfer Board, and serving on the board of the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Venture Capital Association. Said Desh Deshpande, founder of Sycamore Networks and Cascade Communcations, "Carl has been an effective fellow board member at Tejas. He understands what it takes to build a successful venture backed business, and provides good advice and sound insights." "I have been very impressed by the thoughtful, market-driven investment approach and successful track record of the Castile team, and am excited to help put this new fund to work," said Carl. "Battery has been an excellent place to learn the VC industry and this move is the next logical step in my career. Castile's focused platform provides me with an ideal opportunity to satisfy my entrepreneurial aspirations and to take an active role in the development of the firm's culture and investment franchise. I am excited to be part of Castile Ventures." During his tenure at Battery Ventures, Carl has been responsible for over $100 million in investments in early-stage IT companies, generating a strong investment return. Carl joined Battery Ventures as an associate in 2000, and was promoted to Partner in 2004. As part of his transition from Battery, he will continue to serve on the boards of Arbor and Cedar Point. Before joining Battery, Carl had a successful consulting and operating career with Cambridge Technology Partners and Summa Four. He has a dual MS in Computer Engineering/ Electrical Engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from Northeastern University and the Royal Institute of Technology in Stockholm, Sweden, 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 the Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, . About Castile Ventures Founded in 1998, Castile Ventures is a top-performing early-stage venture capital firm investing in innovative companies developing future generations of information technology for service providers, enterprises and the mass market. Castile is distinguished by its partners' deep sector and business-building experience and a high degree of value-added support delivered through lasting relationships with entrepreneurs. Castile is backed by public pension funds including Massachusetts PRIM, Bermuda, Illinois, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , and the City of Philadelphia; endowments and leading institutions including Fairview Capital, Muller and Monroe and Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute, at Troy, N.Y.; coeducational; founded and opened 1824 as Rensselaer School; chartered 1826. It was called Rensselaer Institute from 1837 to 1861. ; as well as prominent individuals. Castile currently manages three funds with investments including Internet security company GeoTrust (acquired by VeriSign), compliance pioneer Network Intelligence (acquired by EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. ), VoIP market-leader Sonus Networks (NASDAQ: SONS), cable management provider Stargus (acquired by C-COR), and grid fabric provider SilverStorm Technologies (acquired by QLogic). Current market-transforming portfolio companies include Ahura, Aurora Networks, Brix Networks, Neah Power, Sandbridge Technologies, Trapeze Networks and Whaleback whale·back n. A steamship with the bow and upper deck rounded so as to shed water. Systems. For more information, please visit Castile at www.castileventures.com. |
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