Management Transition Heralds TeleSym's Next Phase; Former RealNetworks Executive Paul Bialek Takes Interim Role, as Company Launches National CEO Search.Business Editors/High-Tech WritersBELLEVUE, Wash.--(BUSINESS WIRE)--Dec. 18, 2003 TeleSym Inc. has named Paul Bialek as interim chief executive officer, as the company prepares for the next phase of its success. "TeleSym is poised to lead the market for software that enables voice calling from portable computers, particularly PDAs and laptops that connect to Wi-Fi wireless networks, and we are aggressively pursuing that path," Bialek explained. "This company made fantastic progress under the guidance of its founders, and we are committed to achieving the goal of being the world leader in the category." Bialek assumes the 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. role from company co-founder Raju Gulabani, who left to pursue other business interests. A nationwide search has been launched for a permanent CEO. Concurrent with Gulabani's departure, co-founder Dr. Karl Denninghoff, chief technology officer, departed as well. Major Support for a New Wireless Category TeleSym was launched three years ago to bring high-quality voice communications to mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings devices of all types, initially in enterprise environments. Its SymPhone System software uses patent-pending technology to deliver crystal-clear voice calls from any place that a computer has broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a . This past September, the company closed a $12.5 million second round of financing. The same month, SymPhone software was a key element of the "Universal Communicator Platform," a prototype handset with which Intel demonstrated dual-mode (GSM/802.11) wireless phone capabilities. In October, Dartmouth College Dartmouth College, at Hanover, N.H.; coeducational; chartered 1769, opened 1770, the ninth colonial college (see Wheelock, Eleazar). Originally a men's college, Dartmouth began admitting women in 1972. in Hanover, N.H., began distributing SymPhone software as part of its campus-wide VoIP installation. "TeleSym is uniquely positioned to 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 convergence of the most exciting networking and telecommunication trends," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Louis Rajczi, investment partner, Siemens Venture Capital, and a TeleSym board member. "IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. is hot right now, particularly for its cost-effectiveness, while wireless networking is delivering new data flexibility to mobile workers. SymPhone bridges the two to ensure productivity improvements and responsive service in all types of organizations." Industry Accolades The industry newsletter FierceWireless dubbed TeleSym one of "The Fiercest 15" on its ranking of the top global wireless startup companies. Earlier this year, TeleSym launched the first wireless Internet telephony software tailored and validated for Intel(R) Centrino(TM) mobile technology computers. SymPhone was named a Product of the Year by Internet Telephony magazine, and the company was named to the "Pulver 100" list of companies changing the telecom landscape. In addition, the company has active partnerships with 3com and Intermec, with others to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. shortly. Bialek Brings Experience in Technical Innovations Bialek has more than 20 years of experience in management of companies bringing technical innovations to market. He most recently served as chief financial officer of RevenueScience. Before that, he was chief financial officer and senior vice president, finance and operations, of RealNetworks. Prior to that, he was chief financial officer at Metapath Software Corp., a wireless telecommunication company. Bialek was chief financial officer of Edmark Corp., including the period when IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) acquired Edmark. He started his career at KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Peat Marwick. Bialek has a degree in business administration from Seattle University and is a 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. . He serves on the boards of the Washington Software Association and Washington Research Foundation, and also on the advisory board for Seattle University's accounting program. About TeleSym TeleSym (www.telesym.com) develops advanced technology for wireless Internet telephony (voice-over-IP). The company's SymPhone software delivers high-quality, cost-effective voice communications over wireless and wired enterprise networks, enhancing communications by mobile workers. Investors include the Intel Communications Fund, Siemens Venture Capital, Bay Partners, Northwest Venture Associates and Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. . TeleSym and SymPhone are registered trademarks of TeleSym, Inc. Other trademarks are the property of their respective owners. |
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