NextGig Appoints Former Sequent Founder and President as Chief Executive Officer; Veteran Leader Casey Powell Fulfills Company's Executive Vision.Business Editors/High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--March 4, 2002 NextGig, Inc., the leading provider of database network equipment, today announced the appointment of Karl C. (Casey) Powell as 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. . Effective immediately, Powell joins NextGig to realize the corporate scale of the technical vision. With more than 30 years of high technology sales, engineering, and management experience Powell is the business strength that matches NextGig's engineering excellence. "This NextGig team has already laid an impressive foundation and their breakthroughs in Database Network Optimization are nothing less than stellar," said Casey Powell Casey Powell is a lacrosse player in the United States. He was the captain of the US national team in the 2006 World Lacrosse Championship. He currently plays indoor lacrosse in the National Lacrosse League for the New York Titans. Powell plays the attack position. . "The team's effort has set the stage for solving the problems that face today's Database. I am thrilled at the proposition of working alongside them." Powell will assume the duties of CEO from founder Cary Jardin, who will retain his current duties as CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. and board member. Powell's addition to the NextGig executive management team expands a core group of veteran leaders that includes Jardin and: -- John VanZandt - Vice President Engineering -- Robert Armao - Vice President Operations -- Andrew Kaiser - Vice President Finance "We are extremely fortunate to have someone of Casey's skills and experience in business, technology and entrepreneurial ventures, to lead NextGig to the next level of investment and stability," said Cary Jardin, founder and CTO of NextGig. "These proven qualities are key to making any business profitable. This is an extremely positive evolutionary move for NextGig." Powell is best known for his unprecedented success as founder, president, chairman and CEO of Sequent (Sequent Computer Systems, Inc., Beaverton, OR, www.sequent.com) A computer company founded in 1983 by 17 ex-employees of Intel that specialized in multiprocessing systems for the client/server environment. Computer Systems, a developer of server solutions powered by Intel processors. From initial conception in 1981 to its eventual merger with 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) in September 1999, the company enjoyed remarkable growth. With steady development from 0 to 3000 employees and a strong public offering, the company evolved under Powell's leadership, securing an impressive global market position and boasting an annual revenue run-rate of $1 billion. Before joining NextGig, Powell was CEO and President of Sliceware, Inc., a developer of software products for Small and Medium Businesses. From 1974 to 1983 Powell held key management positions at Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking , including that of General Manager of Microprocessor Operations. NextGig is currently developing the industry's first network query optimizer The query optimizer is the component of a database management system that attempts to determine the most efficient way to execute a query. The optimizer considers the possible query plans for a given input query, and attempts to determine which of those plans will be the most . The product transparently installs in the network between database client and server to alleviate the database performance bottleneck A lessening of throughput. It often refers to networks that are overloaded, which is caused by the inability of the hardware and transmission lines to support the traffic. It can also refer to a mismatch inside the computer where slower-speed peripheral buses and devices prevent the CPU . NextGig plans to unveil the query optimizer in the first half of 2002 followed by subsequent products in database replication and overall solution enhancement. About NextGig NextGig, Inc. is developing database network equipment that will elevate el·e·vate tr.v. ele·vat·ed, ele·vat·ing, ele·vates 1. To move (something) to a higher place or position from a lower one; lift. 2. To increase the amplitude, intensity, or volume of. 3. data center performance by an order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. -- products that will make enterprises and e-businesses fly faster and run smarter. NextGig was founded in early 2001 and features a carefully selected team of executives, engineers, architects and marketers from various industry-leading companies. NextGig is funded by ComVentures and Doll Capital Management. For more information on NextGig, visit our website at www.nextgig.com. All statements herein are valid only in the U.S. for U.S. residents, are based on normal operating conditions, and are provided for informational purposes only. NextGig, Inc. reserves the right to modify at any time without prior notice these statements. NextGig and the NextGig logo is the property of NextGig, Inc. |
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