





![]() |
||||||||||||||||||
![]() |
![]() |
![]() |
||||||||||||||||
![]() |
|
Press Release LignUp Adds Industry Veterans to Board of Directors
Seasoned Entrepreneurs Bolster Board of Innovative Software Company Delivering Hosted Voice-Over-IP Solutions MOUNTAIN VIEW, Calif. – May 16, 2005.LignUp Corporation, a provider of Web services-based converged communications solutions, today announced the addition of three industry veterans to its board of directors: Thomas L. Cronan, III, senior vice president of finance and administration and chief financial officer, Redback Networks, Inc.; Nick Efstratis, partner, Wasatch Venture Fund; Scott Petty, managing director, vSpring Capital. The expanded LignUp board represents a powerful and unique blend of experience from service providers, enterprise software vendors and venture capitalists with expertise in growing companies into market leaders.
LignUp Corporation delivers a powerful Web services-based voice-over-IP (VoIP) communications platform and suite of applications, which enable service providers to compete with a steady stream of innovative services via converged voice-data solutions. In joining the LignUp board, Mr. Cronan, Mr. Efstratis, and Mr. Petty will play active roles in building on the company’s success – with more than 100 customers to date – to drive LignUp’s expansion of operations and market penetration in the US, Europe and Asia-Pacific.
New LignUp Board Members Bring Proven Expertise Mr. Cronan brings more than two decades of management and legal experience in the high-tech industry. Before becoming SVP of finance and administration and CFO at Redback, Mr. Cronan was vice president, general counsel and corporate secretary for the company. Prior to joining Redback, he served as in-house legal counsel for both public and private high technology companies for more than 15 years, including IBM, Entrust, OpenTV, Taligent and enCommerce. Earlier in his career he was special counsel at Wilson Sonsini Goodrich and Rosati in the Technology Licensing group.
Mr. Efstratis is a venture capitalist at the Wasatch Venture Fund, an affiliate fund of Draper Fisher Jurvetson investing in early stage technology companies, and participated in the LignUp Series A funding announced in April 2005. He is active on the boards of directors of Tricipher, Medsphere Systems, Threshold Networks, Fatpipe Networks, Feed Management Systems and SmileReminder. Prior to venture investing, Mr. Efstratis worked in the Business Development Group at Excite. He was also a founding member of the management team of NetDocuments.
### |
![]() |
|||||||||||||||
| © 2008 LignUp, Inc. | ||||||||||||||||||
![]() |
![]() |
|||||||||||||||||