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Reef Point Systems Gains Telecommunications Industry Veterans Woody Ritchey as Chief Executive Officer and Dennis Chateauneuf as Chief Operating Offic21 June 2006
Reef Point Systems (http://www.reefpoint.com) the security solutions technology leader for fixed-mobile convergence (FMC) networks, announced today that it has appointed Woody Ritchey as Chief Executive Officer and Dennis Chateauneuf as Chief Operating Officer. Together, Ritchey and Chateauneuf bring to Reef Point years of successful management, sales and marketing experience in the carrier-class wireless, voice-over-Internet protocol (VoIP) and revenue assurance solution industries. The company also announced that it has raised $21 million in new funding. (See http://www.reefpoint.com for related Reef Point press release issued today.)
Ritchey has over 25 years of telecommunications industry executive management, sales and marketing experience ranging from innovative start-up companies to industry giants, such as Cisco, Motorola and AT&T. He brings Reef Point significant experience in carrier-grade wireless and revenue assurance solutions, international business and organization building. Most recently, Ritchey comes from YGOMI, LLC, a privately held portfolio management company where he was the senior executive responsible for three YGOMI portfolio companies, including Arraycomm, a wireless software company. Prior to this, he served as CEO at revenue assurance solutions provider Connexn Technologies and at intellectual asset management solutions provider Delphion, Inc. He was instrumental in the successful growth and sale of both companies. Earlier, Ritchey was President and General Manager of INVISIX, a Cisco-Motorola joint venture that delivered Internet Protocol transport to wireless carriers.
Prior to that, Ritchey held several senior executive positions in Motorola's Cellular Infrastructure Group, where he led operations and sales in both the Americas and Asia to deliver multibillion-dollar revenues. Earlier, he held numerous sales management and marketing positions at AT&T's Network Systems Division and Definity PBX group.
"I am delighted to be joining Reef Point," said Ritchey. "We have an exceptionally talented team delivering a very innovative and leading edge technology to benefit carriers and their customers. I look forward to the mutual success of Reef Point, its partners and carriers as we drive the exciting and fast-growing fixed-mobile convergence market."
Chateauneuf also brings wide-ranging executive-level success in the telecommunications industry to Reef Point, including tenure at a leading softswitch equipment supplier and experience selling to all levels of telecom service provider organizations. During his more than 25-year career, Chateauneuf has been engaged with numerous start-up companies raising venture capital, establishing partnerships, energizing and mobilizing teams to perform at peak levels and introducing innovative products in competitive markets.
Most recently, Chateauneuf was CEO of Sentito Networks, Inc., the provider of carrier-class VoIP switching and open service delivery platforms. Previously, as CEO of switching equipment start-up DTI Networks, he defined and drove the business vision of next-generation voice services, successfully merged DTI with CopperCom, Inc. and became its President and CEO. Earlier, he was Vice President of Global Customer Engineering and International Sales at remote access vendor Shiva Corporation, Vice President of Operations at workstation-server giant Sun Microsystems and Director of High Volume Manufacturing at Wang Laboratories.
"I am very pleased to join Reef Point, a company with an unmatched solution when it comes to addressing the security needs of carriers who are making the strategic decision to move to fixed-mobile convergence," said Chateauneuf. "I look forward to applying my direct appreciation and understanding of telecommunication carriers to enable them to securely and reliably deliver a whole new generation of subscriber services based on FMC."
About Reef Point Systems
Reef Point Systems (http://www.reefpoint.com) is a privately held company that has pioneered the carrier-class Security Gateway, an industry leading solution that uniquely delivers the extreme security required by fixed-mobile convergence networks. The Reef Point gateway's complete security feature portfolio and massive, carrier-class scalability enables service providers to safely and reliably deploy multimedia services across converged wireless and wireline networks. The solution Maximizes Service Reach, by delivering services over any access technology; Ensures Service Availability by protecting all levels of the FMC infrastructure (subscriber device, access network, IP core and applications) and by enforcing quality of service; and Protects Revenue Streams by defending against theft of service. Reef Point Systems is located in Burlington, Massachusetts.
Reef Point Systems, Extreme Security for a Converged World, iQ8000, iQ4000 and iQOS are trademarks or registered trademarks of Reef Point Systems. Other company names, product names and company logos mentioned herein are the trademarks, or registered trademarks of their respective owners.
Contact:
David Hayward Lisa Allocca
Reef Point Systems Red Javelin Communications, Inc.
781-359-5025 978-470-2227
dhayward@reefpoint.com lisa@redjavelin.com
http://www.reefpoint.com http://www.redjavelin.com
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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