Lumeta Strengthens Executive Leadership Team with the Promotion of David Arbeitel to Chief Technology Officer; Solid Q106 Results Fuel Strategic Development, Continue Track Record of Year-over-Year Growth.SOMERSET, N.J. -- Lumeta, the leading provider of network intelligence solutions for enterprises and government agencies, today announced that David Arbeitel has been promoted to Chief Technology Officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ) & Senior Vice President, Product Strategy from his previous role of SVP SVP S'il Vous PlaƮt (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul , Strategic Development. The promotion comes at a time when Lumeta is making significant strides to expand its overall technology focus on a broader scale of initiatives that help drive critical business value such as compliance, IT optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. , and security risk management across the enterprise. "Dave Arbeitel has brought a wealth of experience and a proven track record of success to Lumeta," said David Hickey For the writer of same name, see . David Hickey is a Gaelic football player for Dublin. Hickey has been awarded two all-stars for Dublin in 1974 and 1976. He won the All-Ireland Senior Football Championship with Dublin on three occasions in 1974, 1976 and again in 1977. , 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 Lumeta. "His technology leadership and business acumen acumen Astuteness, perception, perspicacity have been instrumental in evolving Lumeta into a leading network intelligence company. With Dave operating as CTO, we are well-positioned to further drive technology innovation, meet evolving customer demand and expand market leadership." In his new role Arbeitel, who joined Lumeta in 2002, will be responsible for defining the next generation of Lumeta's product suite and managing the strategic implementation of the company's long-term technology strategy. In this capacity, he will continue to oversee product management and research & development resources to deliver on this strategic vision. Prior to joining Lumeta, Arbeitel served as Chief Technology Officer at ION Networks, a provider of secure network solutions for voice and data services. He also held similar positions at Visual Networks and was a co-founder and CTO at Avesta Technologies. Additionally, Arbeitel has held senior management and engineering positions with Morgan Stanley Dave Arbeitel commented, "I am honored to be Lumeta's new CTO & SVP, Product Strategy". "Working at Lumeta over the past four years has given me the distinct opportunity to contribute to a innovative company's consistent growth and success. I am excited about Lumeta's future and dedicated to bringing increased depth and breadth to the product portfolio, and ultimately broadening the company's strategic market footprint." The promotion of David Arbeitel comes at a time when Lumeta is experiencing strong corporate momentum and consistent revenue growth. The company is seeing unprecedented demand for its network intelligence solutions fueled by customers with regulatory compliance pressures and the consistent need to optimize and secure network operations. A summary of key highlights for Lumeta in Q106 include: --53% sales growth from the same quarter last year, which represented 33% in revenue for the same period --Increased customer base by nearly 30% over Q105 --New customers included a global engineering corporation and key US Intelligence agency, as well as existing customers renewing and significantly expanding their commitment to Lumeta products with enterprise licenses. --Personnel grew by nearly 50%, underscoring the company's commitment to expand sales, marketing and development resources In response to a heightened demand for professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and substantial increase in employee headcount, the company has also appointed a new Vice President, Operations, Michael Markulec. Markulec brings a strong background in network design, business development and operational management to the role. A nearly 6-year veteran at Lumeta with extensive experience driving successful customer implementations, Markulec will align align ( v to move the teeth into their proper positions to conform to the line of occlusion. all customer-facing service, support and production resources under the newly created unified operations role. About Lumeta Corporation Lumeta is a leading provider of network intelligence solutions for the world's most security conscious organizations. Its patent-pending IPsonar(R) product suite brings all the unknown entities of a complex global network into clear focus and maps out their precise areas of vulnerability. With IPsonar, IT Security and Operations leaders can audit, protect, and proactively secure their network assets to ensure continuous compliance with internal and external regulations. That's why Fortune 1000 corporations, government agencies and service providers such as NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control , McGraw-Hill, Ashland and Cingular rely on IPsonar(R) to minimize risk and derive maximum value from their existing security and network management products. For more information, visit the Lumeta Web site at www.lumeta.com . Note: Lumeta, the Lumeta logo, IPsonar and the IPsonar logo are trademarks and service marks of the Lumeta Corporation. Other product and company names appearing in this document may be trademarks of their respective owners. |
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