5/12/2003 - Trebia Networks, Inc., a leader in the development of system-on-silicon solutions for storage networking applications, announced the appointment of Ruediger Stroh as president and chief executive officer. An experienced leader in the field of international business, Mr. Stroh brings to Trebia Networks specific expertise and acumen in the semiconductor, storage and telecommunications industries.
Concurrently, Trebia announced it has secured new financing. The financing comes from Trebia's existing investors, including Kodiak Venture Partners, Raza Foundries, and Atlas Venture, among others. The new funds, which bring Trebia's total financing to date to just under $50M, will be used to move Trebia's high-performance storage network processing platforms into production, and to develop new products and markets.
Previously CEO of Systemonic, a leading developer of silicon system solutions for multi-protocol, multi-band wireless LANs, Mr. Stroh succeeds Bob Conrad who recently left the company. Prior to Systemonic, Stroh held the position of senior vice president and general manager for Infineon Technologies' Worldwide Network & Computer Storage business, where he directed Infineon to a profitable $350M in revenue in three years, developed major accounts, and crafted the intellectual property (IP) portfolio through strategic partnering and acquisitions.
"Ruediger is a tremendous asset to Trebia," stated Ilan Carmi, partner, Kodiak Venture Partners and chairman of Trebia's board of directors. "When Ruediger's availability became a consideration following Systemonic's recent acquisition by Philips Electronics, the board acted rapidly to get him on board."
"I am here because we have products ready for production and customers eager to design us in and to discuss next generation designs and architectures." Stroh said. "With the new funding and a rich technology base, we are well-positioned to deliver on our promise of offering the highest performing production-ready silicon solutions in the storage networking market."
Trebia's roadmap for 2003 not only includes products for the network switch and gateway market segments, but also will include complete silicon solutions in the end-point segment, thus making Trebia an across-the-board provider of solutions for storage networking applications. Details of the product roadmap, as well as a number of new customers, marketing partnerships and strategic alliances will be announced in the near future.
New Management Addition
Another new addition to Trebia's management team is Nik Bahram who has been named vice president, engineering. Bahram has 22 years of experience in numerous facets of the semiconductor, systems, and software business. He has held a variety of positions ranging from senior engineering management to corporate strategic planning and M&A, at companies such as Motorola, Digital Equipment Corporation, Creative Labs, and a number of startups, including Systemonic, where he most recently was vice president, corporate ventures.
About Trebia Networks
Trebia Networks delivers innovative system-on-silicon solutions that power the next generation of storage networking products. Beginning with the newly introduced SNP-1000® and SNP-500TM, Trebia is creating a host of processors targeted to key storage networking applications. Trebia's SNP products greatly accelerate FCIP and iSCSI, enabling storage networking OEM's to deliver enterprise-class features for IP Storage applications while reducing cost, complexity and overall time-to-market required by alternative solutions. Incorporated in July 2000, Trebia is based in Acton, in the middle of Massachusetts' high-tech corridor. For more information, visit Trebia Networks on the Internet at www.trebia.com.
Trebia, SNP-1000, and SNP-500 are trademarks of Trebia Networks, Inc.
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