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Astute Networks Names New president & CEO

Astute Networks, an emerging silicon storage networking company, has named Tom Sennhauser its new president & CEO. Sennhauser joins the company as it begins to emerge from stealth mode and moves toward launch later this year.

Sennhauser has more than 20 years of experience in the semiconductor industry, building business units within large companies as well as launching young companies with breakthrough technologies into emerging markets.

Irwin Federman, Astute board member and general partner of co-lead investor US Venture Partners (USVP), said, "Tom brings his silicon vision and proven management experience to Astute at the company's critical pre-launch stage, and we look forward to his building Astute into an elite company in the storage networking market."

"Astute is developing silicon technology that will have an immediate and profound impact on the storage network market," Sennhauser said. "For the first time, storage area network OEMs will have the capability to program new protocols and applications onto existing and next-generation platforms."

Prior to joining Astute, Sennhauser was president and CEO of Tioga Technologies, a fabless communications chip company with design centers in Israel and California. Tioga went public in June 2000.

Before Tioga, Sennhauser was COO at GlobeSpan, a DSL semiconductor company that went public in 1999; vice president at Siemens Microelectronics (now Infineon); and more than eight years at Intel Corporation in various senior positions in marketing and operations.

"Tom's extensive semiconductor experience adds a critical component to our management portfolio," said Roger Moyers, Astute's co-founder. He will have an immediate impact on Astute¹s upcoming launch and future growth."

Moyers, a co-founder of Astute, who led the early growth of the company and development of its key technology, will assume the role of COO. He will continue to focus on keeping the research and development projects on track.

About AstuteNetworks

Formed in April 2000, Astute Networks has raised more than $23 million in venture capital funding led by US Venture Partners (USVP) and BA Venture Partners. The company is currently in stealth mode, creating an essential storage networking technology that will deliver silicon-based storage protocol acceleration with programmable intelligence. Astute's headquarters are based in San Diego, CA. Additional information on Astute is available at www.astutenetworks.com.