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News & Events
BEAM EXPRESS APPOINTS PETER CLARK AS THEIR NEW CHIEF EXECUTIVE OFFICER
Industry Veteran Brings Wealth of Knowledge And Experience To Beam Express
SUNNYVALE, California, LAUSANNE, Switzerland: October 24, 2005: Beam Express Inc. a provider of innovative optical transceivers used in the 10Gigabit enterprise applications today announced that it has appointed industry veteran Peter Clark as its new President and Chief Executive Officer and a member of Beam Express's board of directors.
Clark brings an extensive and diverse experience in managing organizations with advanced technology development and products. He has broad corporate management experience with public and private, large and small organizations. Clark has hands-on familiarity with a broad range of technologies and systems, including optics and electro-optics, MEMS, digital, microwave and semiconductor technologies, optical networks, wireless (WiMAX) and satellite communications.
"We are delighted to have Peter Clark take the helm of the company at a time when Beam Express is poised for significant growth," said David Walrod, General Partner at Oak Investment Partners. "Beam Express has a broad portfolio of assets, including our long-wavelength vertical cavity surface-emitting laser (VCSEL) technology, and we're confident that they will flourish under Peter's leadership."
Giuseppe Zocco, General Partner at Index Ventures added, "Peter Clark has an extensive track record of success in leading organizations and helping them transition for growth. Beam Express is a worldwide organization with talented development teams in both Silicon Valley and Lausanne. Peter's technical aptitude, business savvy and organizational experience will be invaluable to Beam Express moving forward."
About Beam Express
Beam Express is an innovative company with proprietary multi channel fiber optic technology that designs and manufactures advanced fiber optic transceiver/transponder modules for the next generation networks (Enterprise, Metro, Long Haul and Access) running at speeds of 10Gbps and beyond. Beam Express is also a global leader in the long wavelength VCSEL technology that will serve as the foundation for future highly integrated product lines. For more information, please visit the company web site at www.beamexpress.com or send an email to sales@beamexpress.com.
About Oak Investment Partners
Oak Investment Partners is a multi-stage venture capital firm with a total of $5.8 billion in committed capital. Investments are primarily focused on growth opportunities in enterprise applications and infrastructure software, communications equipment and services, data storage, financial services technology, outsource services, healthcare services and retail. Over Oak's 25-year history, it has achieved a strong track record as a stage-independent investor funding more than 350 companies at various points in their lifecycle. Oak has been involved in the formation of companies, provided growth equity to mid- and late-stage businesses and financed management-led buyouts, as well as spinouts of operating divisions and technology assets. Additional information can be found at the firm's web site at www.oakvc.com.
About Index Ventures
Index Ventures is a venture capital firm dedicated to helping top entrepreneurial teams build their companies into global leaders. Index proactively seeks out entrepreneurs who are committed to solving real problems with a novel approach and help them develop their company by leveraging the combined experience, networks and resources of the entire partnership.
Index recently announced the closing of its fourth fund of EUR300m, which brings its total funds under management to EUR750m. The Index team has been active in technology venture investing since 1996 and has become a major player on the VC world stage with an unrivalled network spanning Europe and the US. The firm has offices in Geneva, London and Jersey and focuses its investment activity primarily on Europe and Israel. IT investments include Betfair, now the world's largest betting exchange; Virata, (acquired by Conexant) a world leader in DSL and other communication chipsets; Skype (global P2P telephony service); MySQL (the world's most popular open source database); and KVS (email archiving firm recently sold to Veritas). www.indexventures.com.
About ETV
ETV is a pan-European Venture Capital company based in Vienna and is listed on the Austrian stock exchange. ETV is managed by Atila Ventures Partners with offices in Lausanne, Bermuda and Munich. Atila Ventures advises on investments and brings its international network and operational know-how to high technology companies within Europe. Investments are made in the field of microelectronics, datacoms and information technology. Additional information can be found on the firm's web site at www.atilaventures.com.
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