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Atreus Systems Appoints Industry Veteran Ron Blair as Chief Financial Officer.

Business Editors/High-Tech Writers

OTTAWA, Ontario--(BUSINESS WIRE)--April 6, 2004

Atreus Systems(TM), a leading provider of software solutions for rapid creation and delivery of new telecommunications services, today announced the appointment of Ron Blair as Chief Financial Officer. Blair, former CFO of DragonWave Inc., brings more than twenty years of experience with high growth telecom companies to his new role. Blair will be responsible for financial management, control, reporting, planning, real estate operations, investor relations and corporate development.

A results-driven finance professional committed to building and protecting shareholder value, Ron has proven success in the completion of financing rounds and capital market transactions. Ron served in senior financial positions for both high growth public and private telecommunications companies for more than twenty years including DragonWave Inc., Nortel Networks, Cambrian Systems, and AIT Advanced Information Technologies, Inc.

Prior to joining Atreus, Ron held the position of Chief Financial Officer at DragonWave, Inc., where he established a professional strategic planning and budgeting process, and raised the capital necessary to guide the company from its start-up phase through to product delivery.

As Chief Financial Officer at Cambrian, he helped guide the company through a period of rapid growth and negotiated the sale of the company to Nortel Networks for $300 Million US.

"Following the recent closing of our Series C funding and new business development at the company, we wanted to enhance the executive leadership team with a high caliber CFO - one who will help take Atreus to the next level," said Andrea Baptiste, President and CEO, Atreus Systems. "As a highly respected executive, Ron has consistently demonstrated outstanding achievement, leadership and personal integrity. Ron's extensive experience in corporate development, financing rounds and capital market transactions makes him a perfect fit to lead Atreus as we grow our business."

"I am honored by my appointment and see this as an excellent opportunity to make a major contribution as the company continues to grow," said Ron Blair, Chief Financial Officer, Atreus Systems. "I look forward to building upon the solid foundation that already exists within Atreus and will continue to maximize long-term shareholder value by focusing on sustained profitability and disciplined financial decision making."

About Atreus Systems

Atreus Systems(TM) is a leading provider of software solutions for rapid creation and delivery of new telecommunications services. The company's flagship product, Atreus xAuthority(TM) Service Fulfillment solution, enables service providers to extend their existing systems to deliver new services like Voice Over IP, Virtual Private Networks, Managed Security and Managed Applications. With Atreus, service providers lower operational costs, accelerate revenues and achieve profitability faster with the automated delivery of new services. Atreus Systems is a privately held Delaware company financed by leading telecom venture capital firms Aliant, Inc, BDC Venture Capital, Blueprint Ventures, Meritage Private Equity, Mobius Venture Capital, SAIC Venture Capital Corporation, Skypoint Capital Corporation, and TELUS Ventures. For more information, visit the company's web site at www.atreus-systems.com or call (800) 764-5514 (North America).

Atreus Systems, the Atreus Systems logo, Atreus xAuthority and all Atreus Systems products are trademarks of Atreus Systems, Inc. or its subsidiaries and are used under license. All other trademarks or registered trademarks are the property of their respective owners.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 6, 2004
Words:534
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