First Virtual Communications Names Timothy A. Rogers Chief Financial Officer, Senior Vice President of Finance and Treasurer.Business Editors SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Jan. 14, 2002 First Virtual Communications (Nasdaq: FVCX), a leading provider of integrated rich media communications solutions for IP and other networks, today announced the appointment of Timothy A. Rogers as Chief Financial Officer, Senior Vice President of Finance and Treasurer. Rogers joins the company with over 16 years of experience and success working with high tech companies in a wide range of financial and operational areas. "We are pleased to announce that Tim Rogers has joined our executive management team," stated Killko Caballero cab·al·le·ro n. pl. cab·al·le·ros 1. A Spanish gentleman; a cavalier. 2. A man who is skilled in riding and managing horses; a horseman. , Chief Executive Officer and President for First Virtual Communications. "Tim's extensive financial and operational background, along with international experience will make him a valued asset as we move ahead with our growth plans for 2002." Most recently Rogers served as Chief Financial Officer and Senior Vice President of Integrated Telecom Express, Inc., where he was responsible for guiding the financial direction of the company. He led the team through several rounds of private 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. and a successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . Prior to joining Integrated Telecom Express, Rogers spent 12 years as a Vice President with J. P. Morgan & Co., Ltd. and Salomon Brothers
Salomon Brothers was a Wall Street investment bank. Inc., where he specialized in the areas of technology banking and international finance. He also worked at Bain & Company as a strategic management consultant. "I am very excited about the prospects for First Virtual," stated Timothy Rogers. "As a recognized leader in the rich media and web-conferencing market, First Virtual continues to develop technology that has tremendous growth potential. I am delighted to be a part of the team responsible for taking the company to its next level of success." Timothy replaces Randy Acres, who has resigned to pursue other interests. About First Virtual Communications First Virtual Communications is a world leader in providing easy-to-use, integrated rich media communications solutions to enterprises, service providers and portals. By enabling interactive voice, video and data collaboration See data conferencing. over IP-based networks, First Virtual provides cost-effective, integrated end-to-end solutions for large-scale deployments to enterprise desktops. It also enables best of breed videoconferencing solutions to be extended through ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and ATM networks. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Click to Meet(TM), provides a complete framework for delivering a new generation of video-enabled web collaboration applications that address the real-time communications needs of companies worldwide. Click to Meet can be integrated seamlessly into popular enterprise messaging and collaboration environments such as Microsoft Exchange/Outlook and instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or . First Virtual serves its customers through a worldwide network of resellers and partners. Additional information about First Virtual Communications can be found on the web at www.fvc.com. All trademarks are recognized. |
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