Colubris Networks Names Larry Whitman as Chief Financial Officer.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--June 4, 2003 Wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area (Wi-Fi) Solutions Provider Expands Leadership Team with CFO See Chief Financial Officer. and New Sales, Marketing and Business Development Executives Colubris Networks, a global provider of 802.11 (Wi-Fi) wireless networking See wireless network. solutions for operators of large carrier hot spot and enterprise networks, today announced the appointment of industry veteran Larry Whitman as chief financial officer (CFO). The announcement comes as Colubris Networks' products continue to gain considerable traction in the market. Underscoring this momentum, the company has recently signed strategic partnerships with market leaders that include Alcatel, Juniper Networks Juniper Networks, Inc. (NASDAQ: JNPR) is an information technology company based in Sunnyvale, California and founded in 1996. The company designs and sells Internet Protocol network products and services. , Funk Software and Micromuse. Whitman brings to Colubris Networks more than 20 years of financial and high technology industry experience. He joins from Causeway Partners, Inc., a financial consulting business that he co-founded. Prior to Causeway, Whitman served as vice president of finance and administration at WaveSmith Networks. While there, he was a key participant in the firm's Series B equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. of $31 million, a notable accomplishment given the difficult capital market. Previously, Whitman was chief financial officer at Eggrock Partners, where he managed the company through a $250 million acquisition by Breakaway Solutions. Before that, he served as vice president of finance with Shiva Corporation. Earlier in his career, Whitman held positions at Index Technology, Cullinet Software, Reed Holdings and Ernst & Young, LLP LLP - Lower Layer Protocol , where he earned his 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. license. "I'm thrilled to join a firm that's bucking the trend by increasing sales during these tough economic times," said Colubris Networks CFO Larry Whitman. "Colubris has a compelling product offering which has been validated by the increasing number of impressive customer wins and key partnerships. I look forward to contributing to the further success of such a strong company." Accommodating the growing demand for its products, Colubris Networks has also added new senior-level sales, business development and marketing executives. These appointments include: Patrick Deroy, director of EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. carrier sales; Robert Patton, director of U.S. federal sales; Ted Watson, director of business development; and Carl Blume, director of product marketing. -- Deroy brings more than 20 years of experience to Colubris Networks. He joins from Lucent Technologies, where he was vice president of sales for Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). business partners. -- Patton comes to the company from CoSine Communications, where he served as senior global account executive for mid-Atlantic sales. He managed direct sales to enterprise and U.S. government markets. -- Watson joins from Avaya, where as director of business development he helped Avaya build significant relationships with companies such as Sun, HP, Lucent and Hitachi. -- With more than 20 years of industry experience, Blume comes to Colubris Networks from Paceline Systems, where he also served as director of product marketing. "Our company has shown significant growth over the past several quarters," said Colubris Networks 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. Barry Fougere. "The addition of these executives is important as we capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the robust demand we're seeing from customers and business partners. We're thrilled to augment our team with such high caliber professionals." About Colubris Networks Colubris Networks is a global leader in providing highly secure, manageable and cost-effective Wireless LAN solutions for enterprise networks and carrier deployments. Its award-winning Wi-Fi certified See Wi-Fi Alliance. product family of purpose-built enterprise and public access offerings seamlessly integrates into existing customer networks, providing maximum cost-effectiveness and management simplicity. Colubris embeds strong tools such as Virtual Private Networking, enhanced security and firewall technologies into its open, industry-standard solutions. For more information, visit the company Web site at www.colubris.com or contact us at info@colubris.com. All trademarks are the property of their respective owners. |
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