6/19/2002 - Concurrent Computer Corporation (Nasdaq:CCUR), the pioneer and market leader in North American Video-On-Demand (VOD) commercial deployments, is pleased to announce that Steve Necessary has joined the Company as president of the XSTREME Division. Mr. Necessary will be reporting to the president and CEO of Concurrent, Jack Bryant. Since Mr. Bryant assumed the position of president and CEO in October 2000, he has been the acting president of the XSTREME Division of the Company.
In his new position at Concurrent, Mr. Necessary will be leading the division's efforts to expand its leadership position as a recognized worldwide leader of reliable, high-capacity end-to-end VOD systems and services. Mr. Necessary will use his industry expertise and general management experience to build on Concurrent's excellent operational performance and identify new process improvement initiatives to help facilitate the growth of Concurrent's VOD business.
Mr. Necessary brings over 20 years of cable television related experience to Concurrent. Most recently, Mr. Necessary was the president, CEO, and director of PowerTV, Inc, a software subsidiary of Scientific-Atlanta. Previously, Mr. Necessary had been corporate vice president and vice president of marketing at Scientific-Atlanta. He also held a number of other positions with Scientific-Atlanta, including vice president and general manager of analog video systems, where he was responsible for the operational P&L, product planning, engineering, and marketing for advanced analog set-tops. Mr. Necessary spent several years at ANTEC Corporation, where his final position was president of the products group. Earlier in his career, he was a team manager for Procter & Gamble.
Mr. Necessary earned a bachelor's degree in Engineering Economic Systems from Georgia Tech with highest honors and an MBA from Harvard. He is a member of CTAM (Cable and Telecommunications Association for Marketing), SCTE (the Society of Cable Telecommunications Engineers), WICT (Women in Cable and Telecommunications), and Christians in Cable. Mr. Necessary also serves on the board of the Atlanta Ballet Theater and the advisory board of the Georgia Wilderness Institute.
Jack Bryant, president and chief executive officer of Concurrent, said, "I am very excited to have Steve on board to further strengthen the Concurrent management team. Steve is a highly regarded and respected cable industry veteran and brings with him tremendous experience. With the growth Concurrent has experienced, the XSTREME Division will benefit from Steve's strong general management, marketing, product management, and operations experience." He concluded, "With Steve focusing on managing the growth of the XSTREME Division and the strong execution of our operational business objectives, we expect to continue to build on Concurrent's leadership in the VOD marketplace."
"I am looking forward to contributing to, and complementing the strong management team at Concurrent Computer," said Steve Necessary. "Concurrent's prospects in the VOD market are highly attractive, as is the Company's reputation for quality and service. This is a great team, and I am proud to be a part of it."
Concurrent Computer Corporation (http://www.ccur.com) is a leading provider of high-performance computer systems, software, and servers. Concurrent Computer Corporation's XSTREME Division is a leading supplier in the emerging digital video server marketplace. This market includes broadband VOD and rich streaming media applications such as corporate training, education, hospitality, and digital video-to-the-home. Concurrent is also a leading provider of high-performance, real-time computer systems, solutions, and software for commercial and government markets. Concurrent's 35-year-old Real-Time business focuses on strategic market areas that include hardware-in-the-loop and man-in-the-loop simulation, data acquisition, industrial systems, and software. Operating worldwide, Concurrent provides sales and support from offices throughout North America, Europe, Asia, and Australia.
Concurrent brings over 35 years of real-time experience to the broadband VOD and rich streaming media industries and has become a market leader. Today, Concurrent's worldwide broadband VOD and rich streaming media trials and deployments include: AOL Time Warner Cable - 15 markets; Beijing Fengtai Cable - China; Blue Ridge Communications - Pennsylvania; Charter - 6 markets; Cogeco Cable - Quebec and Ontario, Canada; Comcast - 9 markets; Cox - 3 markets; Horizon.com - Singapore; Mediacom - one market; NXTV Inc. - 4 hotels; OLYMPUS Optical - Hamburg, Germany; Safari Technologies - 16 educational institutions throughout North America; Shanghai Telecom - China; and VOD Pty Ltd./TransAct - Australia.
Concurrent Computer Corporation and its logo are registered trademarks of Concurrent Computer Corporation. All other product names are trademarks or registered trademarks of their respective owners.
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