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EXECUTIVE CHANGES FOR Friday, October 26, 2001
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* VP OF SALES-SF BAY AREA
* VP OF TELECOMMUNICATIONS SALES-IRVINE, CA
* MANAGING DIRECTOR-DENVER, CO
	

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January 22, 2002 



TOP MANAGEMENT
* Original Management Team Departs at RLX
* IntellectExchange Hires President and CEO; Raising Capital
* Relativity Technologies Promotes Skip Yakopec to Pres, COO

MARKETING & SALES
* NuVox Taps Richard Frizalone as VP of Direct Sales

OPERATIONS
* Drug Developer BioStratum Names Seymour Mong VP of Research
* Telelogue Promotes Robert Burke to COO
* Amisys Promotes Several Management Members

FINANCE
* Electronic Delivery Firm PostX Names CFO and New VP
* iSuppli Adds GET Exec John Zimmerman as CFO 

TECHNOLOGY
* Molecular Mining Appoints Two to Executive Team
* Kyma Technologies Names Ex-Intel Executive VP Engineering

OTHER
* Smarts Appoints David Przeracki VP of Legal Services

TOP MANAGEMENT


* Original Management Team Departs at RLX	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IJQQMHJNII> 	
HOUSTON, TEXAS -- Most of the original management team has left RLX Technologies, a supplier of Web servers founded earlier this year by ex-Compaq computer executives. Earlier this week VentureWire reported that Michael Swavely, formerly president and chief operating officer, had left the company last week, and that Gary Stimac, chairman and CEO, will step down from the CEO position. Company spokesperson Patrick Kimball confirmed that there have been additional executive departures. 

Among those leaving were chief financial officer, J Tempesta; vice president of development, Keith McAuliffe; vice president of systems engineering, Ronnie Ward; and vice president of business development, Bob Jackson. The company said it will seek replacements.

A spokesperson said that the executives chose to leave the firm as RLX underwent restructuring. In August, the company laid off 17% of its staff, or 20 employees, citing a slow market for IT products. 

RLX Technologies has raised $59 million in financing from ComVentures, IBM, Ignition, Soros Private Equity Partners, and Sternhill Partners.

<http://www.rlxtechnologies.com> 	

* IntellectExchange Hires President and CEO; Raising Capital	top   mail <http://people.venturewire.com/o_mailer.asp?sid=ILHKKPHNII> 	
BEDFORD, MASS. -- IntellectExchange, which assists companies in finding experts to solve business, technology, and research problems, said it appointed Jonathan Rubin as its first president and CEO. The new executive told VentureWire that the company is raising its last stage of seed financing. 

Mr. Rubin, 42, joins the company from E-Sync, where he was CEO. He was introduced to IntellectExchange through technology executive search firm the Onstott Group, based in Wellesley, Mass. He has also been named to the company's three-member board.

The CEO said that the company is raising its final piece of seed funding for $1.5 million. He expects to close the round by the end of the year. The company has raised $2.5 million from individual investors to date. The money will be used for sales and marketing and product development. The company could go after its Series A as early as the second quarter of 2002, he said. 

Mr. Rubin said the company is in the early stages of talking to two different companies about acquiring them. Both companies approached IntellectExchange, he said, adding, that if the deals were to be done, they would be in the form of cash and stock.

<http://www.intellectexchange.com> 	

* Relativity Technologies Promotes Skip Yakopec to Pres, COO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=MJNMHIINII> 	
RESEARCH TRIANGLE PARK, N.C. -- Relativity Technologies, which develops software for integrating legacy systems with new technology and Internet applications, said it promoted Skip Yakopec to president and chief operating officer.

Mr. Yakopec, 46, joined the company in January 2001 as vice president and general manager of the Americas and was named COO in August. No one has held the position of president prior to Mr. Yakopec's appointment. Mr. Yakopec does not hold a board seat as of yet.

Relativity Technologies has raised $12 million to date from Intel, Nichimen America, NIIT, Noro-Moseley Partners, and Wakefield Group, and expects to be profitable within 90 to 100 days. 

<http://www.relativity.com> 	

MARKETING & SALES


* NuVox Taps Richard Frizalone as VP of Direct Sales	top   mail <http://people.venturewire.com/o_mailer.asp?sid=HHNKPHHNII> 	
ST. LOUIS -- NuVox Communications, a facilities-based integrated communications provider, said it named Richard R. Frizalone as vice president of direct sales for the company.

Mr. Frizalone joins NuVox from Colo.com, where he served as senior vice president of sales and marketing. At NuVox he will be responsible for leading the efforts of more than two dozen direct sales teams.

Bank of America, Boston Millennia Partners, Brookes Investments, Centennial Ventures, CIBC World Markets, Don Investment Group, First Union Capital Partners, Meritage Private Equity Fund, Moore Capital Management, Norwest Equity Partners, OneLiberty Ventures, Richland Ventures, Telecom Partners, Toronto Dominion Capital, and Whitney & Co, have funded the company. 

<http://www.nuvox.com> 	

OPERATIONS


* Drug Developer BioStratum Names Seymour Mong VP of Research	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LNLLNJJNII> 	
RESEARCH TRIANGLE PARK, N.C. -- BioStratum, a development of drugs based on basal lamina research, said it named Seymour Mong vice president of research.

Most recently he served as vice president of biotechnology at Structural BioInformatics, where he was also a co-founder. 

BioStratum has received more than $41 million from undisclosed investors through six rounds to date. Founded in 1994, the company has approximately 31 employees. 

<http://www.biostratum.com> 	

* Telelogue Promotes Robert Burke to COO	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IJOIMIHNII> 	
ISELIN, N.J. -- Telelogue, which provides telecommunications services that make use of automated speech recognition, said it promoted Robert Burke to chief operating officer. He previously served as its vice president of corporate development and general counsel. Before Telelogue, he was a managing partner at iPoint Ventures. Telelogue is backed by Pequot Capital Management and iPoint. 

<http://www.telelogue.com> 	

* Amisys Promotes Several Management Members	top   mail <http://people.venturewire.com/o_mailer.asp?sid=NQHNMKHNII> 	
ROCKVILLE, MD. -- Amisys, an information management technology company for health care payers, announced new management promotions. Kathleen McCarthy was appointed chief operating officer. Ms. McCarthy joined the company in 1993 and most recently served as general manager. Cheryl Wint was named vice president of customer support and services. Ms. Wint joined the company in 1994 and most recently served as executive director of product support for the company's call center. Al Gain was named vice president of product development, most recently serving as executive director of product development. Amisys was acquired by private equity firm Platinum Equity in July and was combined with another Platinum company Synertech Health System Solutions. 

<http://www.synertechsystems.com> 	

FINANCE


* Electronic Delivery Firm PostX Names CFO and New VP	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LJOJPMINII> 	
CUPERTINO, CALIF. -- PostX, a provider of a provider of electronic delivery of confidential documents to desktops, said it named Cliff Lundberg as chief financial officer and Ramesh Ragu as senior vice president of professional services. 

Mr. Lundberg previously served as chief executive officer of Certainty Solutions while Mr. Ragu is the former vice president of professional services-Americas and APAC of Inktomi.

PostX has received funding from Mayfield Fund and Alloy Ventures. 

<http://www.postx.com> 	

* iSuppli Adds GET Exec John Zimmerman as CFO 	top   mail <http://people.venturewire.com/o_mailer.asp?sid=LLPQIJHNII> 	
EL SEGUNDO, CALIF. -- iSuppli, a provider of procurement and supply-chain management services for the electronic components industry, said it named John Zimmerman as chief financial officer. Prior to joining the company, Mr. Zimmerman served as CFO and vice president of administration at GET Manufacturing. iSuppli is backed by AC Ventures, CMEA Ventures, Loewenthal Capital Management, NeoCarta Ventures, and Tyco Ventures. 

<http://www.isuppli.com> 	

TECHNOLOGY


* Molecular Mining Appoints Two to Executive Team	top   mail <http://people.venturewire.com/o_mailer.asp?sid=IPJNQIJNII> 	
RALEIGH, N.C. -- Molecular Mining, which focuses on the exploration, inference, and prediction of molecular networks derived from gene expression, proteomics, and single nucleotide polymorphisms data, said it appointed Mary Jane Cunningham, former director of pharmacogenomics at Genometrix, as its new director of discoveries and Jim Sullivan, formerly with Lion Bioscience where he dealt with Northeastern U.S. sales and business development, as its new director of North American Sales. Molecular Mining is backed by CDP Sofinov, Business Development Bank of Canada, Cardinal Partners, CMDF Queen's Scientific Breakthrough Fund, and S.R. One Limited. 

<http://www.molecularmining.com> 	

* Kyma Technologies Names Ex-Intel Executive VP Engineering	top   mail <http://people.venturewire.com/o_mailer.asp?sid=QNQOPJHNII> 	
RESEARCH TRIANGLE, N.C. -- Kyma Technologies, which develops and supplies nitride substrates, said it named John Bumgarner, former process integration group leader at Intel, as its new vice president of engineering. Kyma is backed individual investors. 

<http://www.kymatech.com> 	

OTHER


* Smarts Appoints David Przeracki VP of Legal Services	top   mail <http://people.venturewire.com/o_mailer.asp?sid=QPLHNMHNII> 	
WHITE PLAINS, N.Y. -- System Management ARTS (Smarts), a provider of real-time analysis software that identifies infrastructure problems, analyzes their impacts, and automates the responses, said David Przeracki has joined the company as its new vice president of legal services. Prior to joining Smarts, he was vice president and general counsel at XcelleNet. Smarts' investors include Bessemer Venture Parnters and Soros Private Equity Partners. 

<http://www.smarts.com> 	



EXECUTIVE SEARCHES

VP of Sales--IT services--SF Bay Area

Lohika Systems, Inc., a recently-funded IT services start-up headquartered in Silicon Valley, is seeking a hands-on VP of Sales to build and manage its sales organization. This person should have a proven record of generating sales and exceeding sales targets, possess excellent networking ability, be able to prospect and manage clients throughout the sales cycle, be able to develop a focused sales strategy, and have experience recruiting and managing a sales team. 

Responsibilities: 

* Manage and execute the entire sales cycle from generating prospects and cold calling to closing the sale 
* Sell strategically to key decision-makers (CFO, COO, CIO) and tactically at the operational level 
* Cultivate and maintain strong client relationships 
* Build and manage a sales team 
* Develop a well-targeted sales strategy 
* Work closely with our IT professionals to close the sale 


Requirements: 

* Minimum of 5 years of sales management experience 
* Proven record of consistently meeting and exceeding sales quota 
* Previous history of selling high-tech products, IT consulting services, or software 
* Have experience selling to key decision makers 
* Excellent networking ability 
* Bachelor's degree or equivalent 
* Excellent oral and written communication and presentation skills coupled with strong negotiation skills 


e-mail: sales@lohika.com <mailto:sales@lohika.com>
company: Lohika Systems, Inc.
[top]

VP of Telecommunications Sales--Wireless and Voice Applications--Irvine, CA

AdaptiveInfo provides state-of-the-art software infrastructure for automatically personalizing wireless and voice applications. Our products enable high-quality mobile applications that overcome the constraints of mobile devices by learning each individual?s preferences. This is a growth opportunity in privately held company located in a research park on a University of California campus. 
VP of TELECOMMUNICATIONS SALES 
Duties and Responsibilities: 
* Sell to top tier Telecommunications accounts with a high degree of independence. 
* Sell at a strategic level, developing and implementing strategic business plans. 
* Articulate strategy, products and services to customers and prospects. 
* Identify market segments, create and execute sales strategy. 
* Provide feedback on an ongoing basis with market trends and customer needs 

Required Qualifications: 
* 4+ years selling high-end software or services to the telecommunications industry. 
* A record of sustained sales success identifying and closing new customer accounts. 
* Start-up experience is a plus. 
* Ability to work with other executives in a collegial, team oriented environment. 
* Excellent negotiating, speaking, writing and listening skills. 
* BA degree in a business/technical 


e-mail: jobs@adaptiveinfo.com <mailto:jobs@adaptiveinfo.com>
company: AdaptiveInfo 
[top]

Managing Director--VENTURE CAPITAL--Denver, CO

Denver-based investment management company seeks managing director to lead a venture capital firm focused on early stage Colorado investments. Candidate must have at least 5 years of direct investment experience, a demonstrable track record, and actively participate in capital raising efforts. The ideal candidate will manage the investment of $30 to $50 million in early stage opportunities in the region. Competitive compensation structure including a unique opportunity for ownership and a carried interest in the fund. 

Qualifications 

* A minimum of five years experience in early-stage investing focusing on the technology, telecommunications, or life science industries 
* Proven history of venture investing with a definitive record of returns 
* Experience fundraising from both institutional investors and high net worth individuals 
* Expertise managing portfolio company investments 
* Excellent communication and presentation skills 
* Educational qualifications important 


e-mail: sagecapital@yahoo.com  <mailto:sagecapital@yahoo.com>
company: 
[top]

	


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