STOCKHOLM March 15, 2001 - Xelerated Packet Devices, which develops and markets network processors for the new generation Internet, has appointed the former Head of Marketing and Sales of Ericsson routers for wireless networks, Johan Börje, as its new CEO.
"We are very happy to have on board Johan Börje, who forms an excellent complement to our highly qualified team of employees. His experience of the networking industry and successful product launches will be essential in our work on establishing Xelerated in the market," says Viesturs Vucins, Chairman of the Board at Xelerated Packet Devices AB and former President of Lucent Enterprise Networks EMEA.
In a short period of time Xelerated has successfully attracted a number of the best professionals in the network industry. Already, a number of people with experience from similar projects at Cisco, Ericsson, SwitchCore, NetInsight and LSI Logic have joined the company.
"Xelerated's new approach opens up the field for a transformation of the entire network market for high-performance solutions, and this allow will our customers to reduce their development costs and time to market in a entirely new way. And Xelerated's ability to attract world-class engineers will also safeguard its future," says Johan Börje, the newly appointed CEO of Xelerated Packet Devices.
Johan Börje brings several years of experience in marketing and sales in both Sweden and internationally. At Ericsson Johan managed key customer accounts as well as the market introduction of new products, most recently focusing on the introduction of IP technology in mobile networks. Prior to his positions at Ericsson he also held positions at the European Free Trade Association and the Federation of Swedish Industries. Mr. Börje holds a Master's Degree in Industrial Engineering and Management from the Linköping and Cranfield Institutes of Technology.
Xelerated's former CEO and co-founder, Johan Hellqvist, will take on the role of the company's Chief Operating Officer, COO.
About Xelerated Packet Devices
Xelerated Packet Devices AB ("Xelerated") develops network processors for the new generation Internet to be sold to vendors of networking equipment in the datacom and telecom industry. The company focuses on high-speed interfaces, ranging from 1 Gbps to 160 Gbps, and has based the development of its XeleratorTM family of network processors on a novel architecture. The company was founded in August 2000 and has about 25 employees with combined experience from companies such as Ericsson, SwitchCore, NetInsight, Synopsys, Cisco, Lucent and LSI Logic. Employees and Startupfactory are the owners of the company.
Building on the latest advances in technology, Xelerated's network processor, XeleratorTM, represents a major leap forward in network-processor design, offering the unprecedented combination of fixed-function ASIC performance and the programmability of a multipurpose processor. In addition to the network processor Xelerated Packet Devices is developing extensive software to facilitate and speed up the customer integration of XeleratorTM into their system applications, such as optical and multi-services devices, firewalls, load-balancing devices, NAT devices, VPN devices, core and edge routers, and switches.