Crossbeam Announces New Chief Financial Officer Thomas Sheehan6 January 2007
Crossbeam Systems(R), Inc., the leader in unified threat management (UTM) for the world's largest networks, today introduced Thomas Sheehan as chief financial officer. Sheehan brings to Crossbeam more than 25 years of financial and operational management experience at leading technology, manufacturing and consulting companies. "Crossbeam is an emerging industry leader in a rapidly growing market and Tom's talents are ideally suited for this stage in our company's development," said Peter George, president and CEO of Crossbeam Systems. "He brings a wealth of experience in business strategy for pre-and-post IPO companies while maintaining the highest standard of corporate governance. Tom will be a pivotal addition to the senior management team as we identify strategic opportunities for growth and continue to push aggressively into new markets." Sheehan joins Crossbeam from Egenera, Inc., where he served as CFO, responsible for all financial, legal and administrative matters. While at Egenera he led the company's IPO effort, raising more than $130 million in private equity and $45 million of debt financing. Prior to Egenera, Sheehan served as CFO for The MacGregor Group, Inc., where he raised $32 million in private equity and managed the company through a major acquisition. "Crossbeam represents a unique opportunity as a company with superior technology, marquee customers and partners, and dedicated leadership," Sheehan said. "My primary goal will be to provide the fiscal expertise and strategic guidance that will optimize these assets and help the company achieve its full business potential." Previously, Sheehan was CFO at Fidelity Technology Solutions, a wholly owned subsidiary of Fidelity Investments. He also served in a number of senior executive finance roles at Oak Industries and, before that, as director of corporate accounting at Nashua Corporation. Tom began his career as senior manager at Coopers & Lybrand, working in offices throughout North America and Asia Pacific. Tom holds a B.S. in Accounting from Syracuse University and has practiced as a Certified Public Accountant. About Crossbeam Systems Crossbeam Systems secures the world's largest networks with its pioneering best-of-breed Unified Threat Management (UTM) solutions. The company has tailored security solutions for global corporations, carrier networks and small to medium-sized enterprises. Founded in early 2000 and led by senior executives from Bay Networks, Cisco, Nortel/Wellfleet and Alcatel, Crossbeam is headquartered in Boxborough, Massachusetts, USA, and has offices in Europe and Asia Pacific. The company is backed by top-tier investors, including Focus Ventures, Tudor Ventures, Matrix Partners, North Bridge Venture Partners, Commonwealth Capital Venture Partners, Intel Capital and Charles River Ventures. More information is available at http://www.crossbeamsystems.com. Crossbeam Systems and Crossbeam are registered trademarks of Crossbeam Systems, Inc. All other company, product or service names not owned by Crossbeam mentioned in this press release are the property of their respective owners. Contact: Throop Wilder Sharon Dratch Crossbeam Systems Davies Murphy Group, Inc. (978) 318-7524 (781) 418-2425 throop@crossbeamsystems.com crossbeam@daviesmurphy.com http://www.crossbeamsystems.com http://www.daviesmurphy.com
Source: prnewswire
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