Seven Entrepreneurs from Crosspoint Venture Partners' Portfolio Companies Named to Forbes 400 Wealthiest Individuals List.Business Editors WOODSIDE, Calif.--(BUSINESS WIRE)--Oct. 17, 2000 Entrepreneurs from Ariba, Juniper Networks Juniper Networks, Inc. (NASDAQ: JNPR) is an information technology company based in Sunnyvale, California and founded in 1996. The company designs and sells Internet Protocol network products and services. , Foundry, Brocade and Avanex Demonstrate Caliber of Crosspoint's Portfolio Company Leadership Crosspoint Venture Partners (www.cpvp.com), the industry's best-performing early-stage venture capital firm, is pleased to congratulate seven entrepreneurs from its portfolio companies who have been named to the Forbes 400 Wealthiest Individuals list published in the October 9, 2000 issue of Forbes Magazine. "Crosspoint has a long heritage of building market-leading technology companies with strong fundamentals and business models designed for sustained growth and profit," said John Mumford, founding partner of Crosspoint Venture Partners. "The executives named to the Forbes 400 list are representative of the high-caliber leaders and organizations that populate To plug in chips or components into a printed circuit board. A fully populated board is one that contains all the devices it can hold. our portfolio. The success being experienced by these executives is commensurate with their exemplary contribution to the technology industry and hard work. We look forward to their continued leadership." The executives and companies represented on the Forbes 400 list include Keith Krach, 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. Chairman and CEO and Robert DeSantis, Chief Marketing Officer of Ariba, www.ariba.com, a leading provider of enterprise software for operating resource management (ORM ORM - Object Role Modeling ); Scott Kriens, CEO and Pradeep Sindhu Pradeep Sindhu (1953, Mumbai, India) is the serving Chief Technical Officer of Juniper Networks Inc. Sindhu founded Juniper Networks along with Dennis Ferguson, and Bjorn Liencres in February 1996 in California. , Chief Technology Officer, both of Juniper Networks, www.juniper.com, a provider of integrated hardware and software routers which provide the backbone of the Internet; Bobby Johnson
Bobby Johnson (b. Columbia, South Carolina) is the head football coach at Vanderbilt University. He became the Commodores' coach in December 2001 after leading Furman University to the Division I-AA national championship game. , CEO of Foundry Networks Foundry Networks is a network system vendor selling high-end managed ethernet switches and routers. The company was founded in 1996 by Bobby R. Johnson, Jr. and is based in Santa Clara, California, USA. , www.foundry.com, a leading communications infrastructure provider; Greg Reyes, CEO of Brocade, www.brocade.com, the leader in the storage area networking systems market; and Walter Alessandrini, CEO of Avanex Corporation, www.avanex.com, provider of optical network systems. "Each Crosspoint company on the Forbes 400 list is widely accepted as an innovator in its respective market, and has pioneered new ways to add value to the business customers it serves. These companies are known for their ability to build rich technology and employ innovative new business models to add value to the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . These leaders, and others like them in the Crosspoint portfolio, have demonstrated sustained growth in the technology market," concluded Mumford. Brocade was incubated at Crosspoint and has grown to become a market-leading company. "We've achieved our leadership position through a lot of hard work, innovation and dedication from our employees, as well as the help and leadership provided by Crosspoint over the years," said Greg Reyes, CEO of Brocade. About Crosspoint Venture Partners Crosspoint Venture Partners (www.cpvp.com), a leading early-stage venture capital firm, leverages its base of $2 billion to provide the financial means and strategic guidance that enables development and growth of important new enterprises. The firm focuses on two emerging market segments: B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business , including Vertical Service Providers, Enablers and Exchanges as well as the Communications Infrastructure segment. Crosspoint's portfolio has achieved record returns with landmark investments in Ariba, Inc., Avanex Corporation, Brocade Communications Systems Brocade, Inc. NASDAQ: BRCD, based in Silicon Valley, designs, manufactures, and sells storage networking solutions and management applications for storage area networks (SANs) and file area networks (FANs). , Covad Communications, Digital Island, Inc., Efficient Networks, Inc., Foundry Networks, Inc., and Juniper Networks, Inc. Formed in 1970, the company has offices in both Woodside and Irvine, Calif.; and can be reached at 650/851-7600 or partners@cpvp.com. Note to Editors: All trademarks, registered trademarks, company and publication names mentioned in this document are the property of their respective companies. Forbes, The Forbes 400, are the property of Forbes, Inc. |
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