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Liquid Computing Appoints New Board Member, Krish Panu.

Business Luminary Joins Board of Leading Fabric Computing Company

LOS ALTOS, Calif. -- Liquid Computing Inc., a developer of LiquidIQ[R] an innovative fabric computing system, today announced the appointment of Krish Panu to the company's Board of Directors. Mr. Panu is a recognized business luminary and serial entrepreneur who has built successful technology businesses which have created multi-billion dollar markets and has led companies through explosive revenue growth and global expansion.

"Liquid Computing is making all of the right moves as a market leader in fabric computing - a seasoned senior management team, a solid business strategy and a ground-breaking virtualization solution that cuts across broad market segments," said Mr. Panu. "LiquidIQ's high performance and flexible virtualized processing, virtualized networking and virtualized IO dramatically reduce the challenges, cost and complexity associated with production-scale datacenter and service provider deployments. LiquidIQ is very complementary with OS virtualization technologies such as VMWare and XEN. When LiquidIQ is coupled with virtualized storage solutions such as offered by EMC, Gartner's long-standing vision of the Real Time Infrastructure (RTI) for the datacenter becomes a practical reality."

Mr. Panu brings more than two decades of business strategy, engineering, and operational experience to Liquid Computing. Most recently, he was Chairman, CEO and President of @Road, Inc., a worldwide leader in Mobile Resource Management solutions. As CEO, he aggressively built @Road into one of the world's first profitable Software-as-a-Service (SaaS) companies. @Road went public in 2000 and was acquired by Trimble in 2006 for $496M.

"We are privileged to have Krish as part of our distinguished board," said Brian Hurley, CEO, Liquid Computing. "His business insight and operational experience in growing innovative technology companies and transforming them into major market leaders will play a vital role as we push forward in our growth strategy."

Prior to @Road, Inc., Mr. Panu served as Vice President and General Manager of the Logic Products division of semiconductor manufacturer Atmel Corporation, where he directed the engineering, manufacturing, software development and marketing groups. During his seven-year tenure, Atmel's revenue grew from approximately $100 million to over $1.1 billion, and the wireless business increased to 42 percent of the company's business. Mr. Panu was also a key member of the management team which raised over $600 million in both stock and bond offerings.

Through his repeated experience in building successful technology businesses, Mr. Panu has developed a broad network of relationships in the investment and business communities. He supports promising new technology businesses as an active angel investor. Mr. Panu holds an M.S. in Computer Engineering and an M.B.A. from Wayne State University in Michigan.

About Liquid Computing

Liquid Computing Corporation builds, sells and supports the LiquidIQ[R] fabric computing system. This new class of computing system is built to meet the needs of scalable computing users within Commercial Enterprise, Service Provider, Energy, Government, HPC and Telecom markets. LiquidIQ is an award winning system that delivers a set of managed high performance computing and communications resources that are fully virtualized, dynamically configurable and highly available. For more information, visit www.liquidcomputing.com.

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Publication:Business Wire
Date:Sep 10, 2007
Words:519
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