Polaris Networks appoints Telecom Veteran Surya Panditi Chief Executive Officer; Company Further Strengthens Management Team with Addition of Former CEO of Avici Systems.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Jan. 13, 2003 Polaris Networks, a developer of new generation optical transport switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. , today announced the appointment of Surya Panditi to the position of chief executive officer. Panditi, with over 20 years experience in the communications industry, will join Polaris' seasoned management team in leading the company through its next stage of expansion. "We are very excited to have Surya on board," said Ray Kao, Chairman and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Polaris Networks. "He brings tremendous value to Polaris with his extensive industry experience, strong business leadership and proven track record of taking a company public. With this team in place, Polaris Networks is well positioned to make a strong impact in the telecom market." "I am excited to join Polaris at this unique moment in the development of a market in which the demand for next-generation digital cross connect systems has become a key requirement among service providers," said Mr. Panditi. "The opportunity for Polaris' optical transport switch solution represents a multi-billion dollar market over the next few years and Polaris has the right combination for success with its team, technology and financing." Surya previously served 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. of Avici Systems, where he successfully managed the company's growth and its transition from a private to a public company. Panditi currently serves on the boards of Avici Systems and Internet Photonics. Prior to Avici, Panditi was vice president and general manager of the LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. Infrastructure Business Unit at US Robotics. His other experience includes positions with Convergent Networks, Intel Corporation, Ungermann-Bass and Telco Systems. Panditi holds a B.S. degree in electrical engineering from the Indian Institute of Technology and an M.B.A. from The Wharton School, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. . About Polaris Polaris Networks develops new generation optical transport switching systems for metro core networks. From day one, its systems combine optical transport with extensive grooming and switching, managed via a GMPLS-based common control plane. Polaris' architecture is designed for native support of TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. , cell and packet traffic using a single, software-defined switching fabric. This enables service providers to cost-effectively simplify their infrastructures, flexibly scale, and provides a smooth migration to a full multiservice intelligent architecture. Polaris was founded in June 2000 and is staffed by teams from Alcatel, Cisco, Fujitsu, Nortel, Siemens, Tellabs, AT&T and WorldCom. The company is funded by Redpoint Ventures, Venrock Associates, Advanced Technology Ventures (ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. ), SToRM Ventures and strategic private investors. On the Net: http://www.polarisnetworks.com |
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