Industry Veteran Paul Milbury Joins Accedian Networks’ Board of Directors
Paul J. Milbury has joined Accedian Networks’ Board of Directors bringing over 30 years of experience exercising financial, operational and governance responsibilities in the technology sector.
Montreal, Canada, August 29, 2011 - Accedian Networks™ the number one provider of High Performance Service Assurance™ solutions for Carrier Ethernet mobile backhaul networks—announces that Mr. Paul J. Milbury has joined the Accedian Networks’ Board of Directors. Mr. Milbury brings over 30 years of experience exercising financial, operational and governance responsibilities in the technology sector.
“Paul’s vast experience in building successful companies and creating shareholder value will be pivotal to Accedian as the Company prepares for the next phase in its growth,” said George Riedel, Chairman of the Accedian Networks Board of Directors. “He brings an invaluable perspective to the Board with direct involvement in public company control and governance, merger and acquisition strategy/execution, IPO preparation and execution, investor relations and treasury. We’re pleased to welcome Paul to our Board."
“Accedian is clearly one of the leaders of the 4G/LTE revolution, and a key contributor in making Carrier Ethernet technology suitable for mobile backhaul services,” said Paul Milbury. “Accedian’s high performance service assurance solution ensures the success of service providers around the world who are racing to deliver 4G services over Carrier Ethernet networks. I’m very excited to be in a position to contribute to the Accedian Board as the company makes this journey.”
Over the course of his distinguished career, Paul Milbury has been involved with technology companies ranging from start-up to mid-cap and large cap. In 2010, he left Cisco Systems after assisting with the integration of Starent Networks, a provider of mobile network solutions, into Cisco. Paul was a key member of Starent’s leadership team through the company’s IPO process in 2007 and its sale to Cisco Systems in December 2009 for $2.9 billion. From 2000-2007, he was Chief Financial Officer at Avid Technology, a digital media creation, management and distribution solutions company. He also served as Vice President and Treasurer of Digital Equipment Corp, a $15 billion global technology firm that was acquired by Compaq Computer for $10 billion in 1998. Paul also served as CFO of start-ups iBelong and JuniorNet.
Mr. Milbury is a member of the boards of Infinera Corp, a digital optical networking company and Crossbeam Systems, a network security company.
About Accedian Networks
Founded in 2004, Accedian Networks™ is an industry-leading provider of High Performance Service Assurance™ solutions for Carrier Ethernet and IP networks. Today, the Company is the number one provider of performance assurance solutions for Carrier Ethernet backhaul networks in North America with an installed base of over 40,000 cell sites in 2010, and 70,000 platforms sold worldwide. The Company’s hardware-based EtherNID® , MetroNID® andMetroNODE 10GE™ demarcation and OAM aggregation devices also provide real-world service creation and high-speed, high-performance service assurance for Ethernet business, wholesale access, and carrier exchange services. These solutions—which far outperform more costly switches, routers and test equipment— enable service providers to establish end-to-end, standards-based OAM over converged multi-technology and multi-provider networks, with value-added services backed by assured SLAs. Accedian’s platform is deployed by a global customer base that includes telecommunications providers, cable MSOs and mobile operators offering carrier-grade, packet-based applications. A privately held company, Accedian Networks is headquartered in Montreal, Canada, with regional offices in the U.S., Europe, Latin America, Middle East and Asia. For additional information, please visit: www.accedian.com or call 1-866-685-8181 or +1 (514) 331-6181.
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