Sentito Networks Appoints Stephen Crummey as CEO; 30-Year Technology Veteran to Guide Sentito as Company Ramps Growth. Six Customers and Over Ten Service Provider Evaluations Deployed with ONX System 3.ACTON, Mass. -- Sentito Networks, a leading provider of carrier-grade, distributed VoIP switching and service delivery solutions for global telecommunications service providers, today announced that technology veteran Stephen Crummey has joined the company as chief executive officer. "Steve is a respected technology veteran with decades of executive management experience building organizations rooted in sound execution and value-creation," said Lou Volpe, managing partner of Kodiak Venture Partners. "Over the course of his career, Steve has guided businesses that have successfully introduced compelling communications technologies to the telecom, enterprise and consumer markets that built value for shareholders and customers alike. He brings a keen focus and deep understanding of the how to manage growth and lead organizations." Crummey has led numerous technology companies over the course of his career, and has established a track record of building high value organizations that successfully execute on their business models to deliver innovative technology products to the market. Crummey is tasked with spearheading Sentito's go-to-market programs as the company rapidly scales the sale of its ONX VoIP switching and service infrastructure across the global telecom marketplace. "We are at an exciting time as carriers shift from age-old circuit switched technologies to next-generation IP services and infrastructure," said Crummey. "Sentito stands at the tipping point The point in time in which a technology, procedure, service or philosophy has reached critical mass and becomes mainstream. See network effect. See also tip and ring. , and is poised for rapid yet sustainable growth due to the unique capabilities of our ONX system, which addresses critical requirements for carriers migrating to VoIP and Voice over Broadband (VoB) services. We have growing momentum in the marketplace and an excellent team in place to take advantage of that growth." Since the release of ONX System 3 in August 2005, Sentito has six customers and an additional ten product evaluations deployed at service providers worldwide. The company is set to announce a number of new customer deployments in the first half of 2006. Sentito is building off its traction in 2005 when it announced major wins in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Asia. The company also has an established presence in Russia with Nova Telecom, a leading reseller in the region. Sentito's ONX solution, featuring its Intelligent Voice Gateway, Proxy 7 Signaling Gateway A network device that converts control signals from one format to another. For example, a SIGTRAN signaling gateway converts SS7 signals of the PSTN to SIGTRAN for transport over IP. Contrast with media gateway. See SIGTRAN. , and PreVision Network Manager, is deployed by wholesale carrier Konfer Technologies in North America. Latin American service provider Optima Telecom is leveraging Sentito's systems to deliver VoB services across the region. ETN ETN Eaton Corporation (stock symbol) ETN Exchange Traded Note (investing) ETN European Travel Network ETN Electronic Tandem Network ETN Educational Telephone Network Singapore, one of the world's fastest growing wholesale telecommunications carriers, selected Sentito to provide seamless and secure delivery of VoIP services in the Singapore market. "Looking ahead, Sentito's mandate is to execute and capitalize on this initial momentum and aggressively expand our footprint across the telecom marketplace," said Crummey. "We have a significant opportunity with key product evaluations in process and a number of new customer deployments that have yet 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. . I look forward to leading the Sentito team as we enter this new chapter of growth and expansion." Steve joins Sentito from vCentrix, where he served as the company's 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. . vCentrix offers a hosted, turnkey VoIP platform for telecommunications service providers. Prior to his tenure at vCentrix, Steve served as CEO of e-Studio Live, a multimedia applications company that developed authoring software for the webcasting market; co-founded and held the position of CEO at the web-collaboration company Intranets.com, now Webex; served as VP of Worldwide Sales for video conferencing company PictureTel, where he helped grow sales from $250 to $500 million in two years; and served as VP of Sales and Marketing for Avid Technologies, helping guide the company from start-up to successful IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . Steve also held senior sales and management positions at Lotus and 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) . About Sentito Networks Sentito Networks is a leading provider of open and distributed VoIP switching and service delivery solutions for global telecommunications service providers. Its award-winning Open Network Xchange (ONX) solution works in an open VoIP environment to deliver a wide range of service provider applications. Sentito is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with headquarters in Acton, Mass. The company has received funding from leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , including Kodiak Venture Partners, Core Capital Partners, Technology Venture Partners, Mid-Atlantic Venture Funds, Inflection Point Inflection Point An event that changes the way we think and act. -Andy Grove, Founder of Intel. Notes: For example, the fall of the Berlin Wall was an inflection point in global politics and the commercialization of the Internet was an inflection point in technology. Ventures, and Columbus Nova. For more information, please visit the company's Web site at www.Sentito.com. |
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