|The Leading Source for Global News and Information Covering the Ecosystem of High Productivity Computing / August 16, 2007|
SANTA CLARA, Calif., Aug. 16 -- Woven Systems, Inc., the leading innovator of 10 Gigabit Ethernet fabric solutions, announced today that Jeff Thermond has been appointed president and chief executive officer and joins the company's board of directors. Thermond succeeds Harry Quackenboss, who will continue to be an active supporter of Woven Systems as well as an interested stockholder.
"Jeff's demonstrated track record of successes in executive management, sales and marketing over the past three decades coupled with his knowledge of the global broadband and data center networking markets makes him the ideal person to move us to the next stage of growth," said Harry Quackenboss. "His experience as a CEO and leader in growing and managing large organizations and driving them to consistent financial growth and profitability is a testament of what is to come for Woven Systems. As one of Woven's long-term advisors, Jeff has impressed us with his experience, his understanding of technology and his grasp and enthusiasm for what Woven is doing."
"Woven Systems is changing the paradigm of standards-based, high performance Ethernet fabric technologies for the data center, and I am excited to be on-board to help expand the company's reach into new market frontiers," added Thermond. "I look forward to working closely with the Board of Directors and the team at Woven Systems to help our customers scale their data centers efficiently and cost effectively."
Thermond is no stranger to Woven Systems, having been a trusted advisor on a number of strategic sales and go-to-market initiatives over the last year. During his 30-year career, he has led a team that established Broadcom's first foray into wireless products which grew to a quarter of a billion dollars in five quarters. Before becoming a part of Broadcom, Thermond was the CEO of Epigram which pioneered the high speed home networking marketplace for semiconductors, which has grown into a multi-hundred million dollar market today. He later architected the sale of Epigram to Broadcom for what was the largest amount ever paid for a pre-revenue semiconductor start-up. Thermond also served as Vice President and General Manager of 3Com's enterprise router business, growing it from $60 million to $350 million during his tenure. Thermond holds an MBA in marketing from Indiana University and a BA in Psychology and Philosophy from Yale University.
About Woven Systems
Woven Systems is an innovative network infrastructure provider that offers the industry's first massively scalable Ethernet fabric switching solutions for data centers. Fully compliant with IEEE Ethernet standards, Woven redefines network performance and efficiency with Active Congestion Management for balancing traffic, operational simplicity, and a significantly lower cost of switching. The Woven solutions deliver the performance and scalability of InfiniBand, the reliability of Fibre Channel and the ease-of-use of Ethernet. For more information, contact Woven Systems at the company's web site http://www.wovensystems.com.
Source: Woven Systems, Inc.