Chiaro Networks Taps Former Procket Exec for VP Sales Post in Europe; Stefan Beck is Chiaro's Second Heavyweight Hire for Region.RICHARDSON, Texas Richardson is a suburb in Dallas County and Collin County, Texas. As of the 2000 census, the city had a total population of 91,803, while according to a 2006 estimate, the population had grown to 99,200. -- Chiaro Networks, developer of true infrastructure-class IP/MPLS IP/MPLS Internet Protocol/Multi-Protocol Label Switching platforms, today announced the appointment of former Procket Networks executive Stefan Beck to the newly created post of vice president for European sales. In his new position, to be based in Frankfurt, Germany, Beck will develop European business opportunities and manage sales for Chiaro. Beck was Procket's managing director of business development for Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the until equipment maker Cisco Systems acquired the core-router start-up earlier this year. Prior to joining Procket in 2002, Beck held senior sales positions in the Central European Organizations of Redback Networks, a leading edge-router vendor, and prior to that at Cisco. Beck's hiring follows a year after Chiaro opened its first European office in Amsterdam, and selected seasoned telecommunications executive Ronald Cornelisse as managing director of European product marketing. "Chiaro is extremely fortunate to have recruited Stefan Beck, the man who introduced and established Procket and Redback to customers in Europe, the Middle East and Africa," said Ken Lewis, 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 Chiaro. "Stefan has a reputation for driving outstanding sales growth for his employers and for providing superior support to his customers." Beck and Cornelisse will be on hand Oct. 20-23 when Chiaro exhibits its Enstara(TM) core router in Moscow, Russia, at the InfoComm 2004 telecommunications trade show. About Chiaro Networks Chiaro Networks is the provider of the Enstara router, the industry's first highly available infrastructure-class IP/MPLS platform. The company, with headquarters in Richardson, Texas, has developed the Enstara portfolio with the goal of solving the "crisis of cost" issues facing service providers enabling new IP/MPLS services while reducing capital expenditures by more than 60 percent. With strong support from the venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. and technology communities, Chiaro has secured $210 million to date from backers such as Intel Capital, Siemens Ventures, Sevin Rosen Funds Sevin Rosen Funds (SRF) is a venture capital firm that was established in 1981 by L.J. Sevin and Ben Rosen. SRF was involved in the financing of ArQule, CIENA, Citrix, Cypress Semiconductor, Electronic Arts, Lotus Development Corporation, Silicon Graphics, and Vitesse. and STAR Ventures. The company also boasts a Technology Advisory Board that comprises business leaders and academics from MIT MIT - Massachusetts Institute of Technology and Stanford University. For more information on the company, visit www.chiaro.com. Chiaro Networks and Enstara are trademarks of Chiaro Networks. Chiaro Networks disclaims any proprietary interest in the marks and names of others. |
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