Contact Information: Media Contacts: Pamela Valentine Sr. Director of Marketing Exalt Communications, Inc. pvalentine@exaltcom.com 408-871-1804 x351 Liam Rose Sterling Communications for Exalt lrose@sterlingpr.com 415-992-3213
Exalt Communications Announces Addition to Its Board of Directors
Distinguished High Tech Executive Syrus Madavi Joins as Independent Board Member
| Source: Exalt Communications
CAMPBELL, CA--(Marketwire - February 17, 2009) - Exalt
Communications (http://www.exaltcom.com), a leading provider of
high-performance licensed and license-exempt microwave radio
systems for wireless
backhaul applications, today announced the board appointment of Syrus
Madavi, a distinguished industry executive, as an independent director
joining other board members David Britts, partner, Velocity Interactive
Group; Khaled Nasr, partner, InterWest Partners; Fred Wang, general
partner, Trinity Ventures; and the company's co-founders, Amir Zoufonoun,
Exalt chairman and CEO, and Gordana Pance, Exalt COO.
"I accepted the invitation to join the Exalt board of directors because the
company has a strong and well thought out business plan, a broad
leading-edge portfolio of products and a sizable customer base amassed over
a very short period of time," said Syrus Madavi. "Exalt is solving very
real customer problems today with the right technology and product platform
and, with this foundation, I fully expect that the company will grow to
become a market leader in its space. I welcome the opportunity to offer the
benefit of my experience to Exalt and help in the company's continued
success."
The board appointment comes on the heels of another strong fiscal year for
Exalt and the closing of $15M in Series C funding to support the company's
continued global expansion and product development. InterWest Partners led
the financing, joining existing investors Velocity Interactive Group and
Trinity Ventures who were full participants in the round. The company
expects to further accelerate growth in its target markets
through additional product investments, and expanded sales and marketing
initiatives worldwide.
"Syrus Madavi's depth of high technology experience -- combined with his
outstanding track record of creating global market leaders -- is invaluable
as we enter this new stage of strategic growth," said Amir Zoufonoun, Exalt
chairman and CEO. "Our mission is to establish Exalt as the 'go-to' company
consistently delivering the industry's best products to meet the
ever-increasing backhaul demands of our customers' networks. The addition
of Syrus Madavi to our board, coupled with the collective knowledge and
experience of our other board members, best positions us to achieve this
goal."
Brief biographies of the company's four external board members are included
below.
Syrus Madavi, president of SPM Capital, is a private investor focusing on
semiconductor, communications and renewable energy markets. His career has
included terms as chairman, president and CEO of Burr-Brown Corporation;
president and chief operating officer of JDS Uniphase; senior vice
president of Texas Instruments; president of Raytheon Semiconductor; and
vice president and GM of Honeywell Signal Processing. Mr. Madavi holds a BS
in Electrical Engineering and MS in Computer Sciences both from Stevens
Institute of Technology, as well as an MBA in finance from UCLA Anderson
School of Management.
David Britts, partner, Velocity Interactive Group, is a founding partner of
Velocity Interactive Group and served as a general partner of ComVentures.
Before joining ComVentures, he was general partner and global head of
JPMorgan Partners' communications, semiconductors and storage technology
venture investment group. Prior to that, Mr. Britts was a member of the
founding team of Deutsche Morgan Grenfell (DMG) Technology Group, which
later became Credit Suisse First Boston. There, he established the global
communications equipment practice, advising and investing in numerous high
growth companies. Mr. Britts holds an MBA from The Wharton School at the
University of Pennsylvania and a BA in Economics from the University of
California, Berkeley.
Khaled Nasr, partner, InterWest Partners, focuses on investments in the
data center and communications sectors, including systems, software and
semiconductors. From 2000 through 2005, Nasr invested in information
technology companies for Alta Partners. Prior to that, Mr. Nasr spent 16
years with start-ups in the networking and telecommunications industries.
Mr. Nasr was president and chief executive officer of FlowWise Networks;
general manager and vice president of Ipsilon Networks; chief operating
officer of Advanced Computer Communications (ACC); vice president,
marketing and services, Premisys Communications; and vice president of
network services, Newbridge Networks. Mr. Nasr holds B.A. and M.A. in
mathematics and social and political sciences from Cambridge University.
Fred Wang, general partner, Trinity Ventures, has over 13 years of
experience in venture capital. Prior to joining Trinity in 1999, he was a
partner at Spectrum Equity Investors, investing in infrastructure
companies. Previously, he worked at The Boston Consulting Group (BCG)
advising clients such as Pacific Gas & Electric, Electric Power Research
Institute (EPRI), AT&T and Apple Computer. Before BCG, Fred held operating
positions in the New Technologies Group at Pacific Bell and Intuit. Mr.
Wang holds an M.B.A. from Harvard University, an M.S., Industrial
Engineering and a B.S., Electrical Engineering, from Stanford University.
About Exalt Communications
Exalt Communications (http://www.exaltcom.com) provides next generation
wireless backhaul systems for service providers and enterprises worldwide.
Exalt products are designed to solve the network bottlenecks associated
with the growing demand for IP-based voice, data and video applications and
the resulting migration from TDM to IP-based networks. With a flexible
architecture and technology-agnostic product platform covering multiple
market segments, Exalt provides a full range of carrier-class microwave
radio systems that meet the demand for a cost-effective and flexible
alternative to fiber and leased lines. For more information about Exalt
Communications and its portfolio of wireless backhaul products, please
visit http://www.exaltcom.com.