|
Hammerhead Systems Appoints Peter P. Savage CEO Former CEO of Applied Digital Access Brings Over 20 Years Experience Helping Service Providers Manage Networks Mountain View , CA – December 6, 2004 – Hammerhead Systems, Inc ., the market leader in migration solutions today announced the appointment of Peter Savage as President, CEO and Chairman. Pete joins Hammerhead as an experienced CEO having successfully led Applied Digital Access (ADA) as President and CEO, and Chairman of the Board, from a small private company through an IPO, three acquisitions, and an acquisition by Dynatech. He was also President and CEO of Hatteras Networks, President and COO of Commterm – Alliance Telecom, and President and COO of Xylogics. “Pete Savage understands the economic and technical challenges service providers face as they transition their networks to MPLS. Pete brings additional firepower and trusted relationships with service providers to accelerate Hammerhead’s customer traction and broaden distribution channels worldwide. Hammerhead’s investors have long-standing relationships with Pete and full confidence in his ability to lead the company. We’re very pleased to have Pete on board!” said Bill Stensrud, Managing Director and General Partner at Enterprise Partners Venture Capital, and Hammerhead Systems Director. “Service providers are transitioning their networks to MPLS. At the same time they need to accelerate profitable delivery of new Ethernet-based services while maintaining and enhancing the revenue and profits from legacy Frame Relay and ATM services. Hammerhead has architected the HSX 6000 system with both MPLS and ATM control planes, providing highly scalable service inter-working between legacy networks and new MPLS networks. In addition, the HSX 6000 provides outstanding CAPEX and OPEX economics for carriers. Hammerhead has a compelling product offering at a critical time in the evolution of carrier networks” said Pete Savage, Hammerhead President, CEO and Chairman. Pete has been a Director of Atmosphere Networks, and Path 1 Network Technologies, and an officer of Infinet and Frederick Electronics – Plantronics. He held technical and management positions at Bell Laboratories. In 1995, Pete was Southern California High Technology Entrepreneur of the Year. He received the San Diego World Trade Center AT&T International Business Leadership Award, and the American Electronics Association Outstanding Contribution to the San Diego Community Award in 1996. In 2000 Pete was selected as Director of the Year by the Corporate Directors Forum. He has been a Director of the San Diego Economic Development Corporation and Chairman of the Educational Excellence Committee – Partnership for the New Economy. Pete holds an MS degree in Applied Solid State Physics from Columbia University and a BS degree from the U.S. Naval Academy. He was selected by VADM Rickover for the Navy Nuclear Power Program, was first in his class at the U.S. Naval Nuclear Power School, and served in the Atlantic Submarine Task Force on fast attack submarines. About Hammerhead Systems |
|