Sangoma.com Pumps Up Its Leadership.Business Editors TORONTO--(BUSINESS WIRE)--Nov. 16, 2000 Sangoma sangoma Noun S African a witch doctor [Nguni (language group of southern Africa) isangoma a diviner] Noun 1. sangoma - a traditional Zulu healer and respected elder .com (CDNX CDNX See Canadian Venture Exchange (CDNX). :STC STC Supplemental Type Certificate (FAA) STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club .) Newly appointed President & 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. focused on burgeoning network appliance market; Newest Board Member adds depth of technology sector experience Sangoma.com an innovator of connectivity products for the network appliance market, today announced the appointments of Gary Collins as its President & CEO, and Michael Hubbert to its Board of Directors. These appointments will assist sangoma to become an important player in the appliance server market that IDC forecasts will reach market revenue of more than $11.5 billion by 2004. The company was founded in 1984 as Sangoma Technologies. At that time it focused primarily on developing Wide Area Network (WAN) connectivity hardware and software products for the PC-based platform. In spite of the fact that the company spent very little on marketing, it gained an enviable reputation for its robust products, especially in the Linux environment. In the early part of 2000, Gary Collins was brought on board to transition the company from an R&D operation to a global supplier of connectivity products for the network appliance market. An ambitious sales and marketing plan was prepared and in May 2000, through a reverse takeover, sangoma.com became a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . "Sangoma has a history steeped in technological achievement and its prowess presents enormous opportunities for success," said Gary Collins, newly appointed President and CEO. "I am very enthusiastic about leading sangoma into a new era of growth." Sangoma's product offerings are ideal solutions for the network appliance market. They provide scalable and robust solutions demanded by ISPs, ASPs and large corporations adding in branch offices to their network, as well as the many SMBs (small to medium businesses) looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. innovative, yet cost-effective methods to build networks and connect their businesses to the Internet. Hubbert is a veteran of the high technology sector, bringing with him extensive experience in senior corporate management, global sales and marketing, IT services and mergers and acquisitions. Most recently, Hubbert was with Mortice Kern Systems Corporations as their President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "This is an exciting time for sangoma and I am impressed by its focus on the rapidly developing network appliance market," remarked Hubbert. "With an experienced senior management team in place, rich technology and a strong brand identity, sangoma has the ingredients for exceptional returns. I am extremely excited about working with the sangoma team." About sangoma.com Sangoma develops, manufactures and markets wide area network (WAN) connectivity hardware and software products designed for networks and Internet infrastructure. Providing economical routing solutions that leverage a customer's server investment, sangoma's products are used in a wide variety of environments including Linux, Windows NT, Windows 98, Netware, DOS and FreeBSD. sangoma's range of products also include private label and point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) interface cards. sangoma is publicly traded on the Canadian Venture Exchange (CDNX: STC). For more information on sangoma and its products, visit www.sangoma.com, or call 800-388-2475. |
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