PROFICIENT NETWORKS ANNOUNCES APPOINTMENT OF CEO; NEW CEO CHRIS VARGAS TO FOCUS...

PROFICIENT NETWORKS ANNOUNCES APPOINTMENT OF CEO; NEW CEO CHRIS VARGAS TO FOCUS ON SALES AND MARKETING INITIATIVES



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SAN FRANCISCO, Calif.–(HISPANIC PR WIRE – BUSINESS WIRE)–Nov. 18, 2002–Proficient Networks, a leading provider of network optimization solutions, today announced that it has named Chris Vargas as the company’s new CEO. Proficient Networks founding president and CEO, Allan Leinwand, will maintain the role of president and will continue to serve as the company’s visionary spokesperson. Mr. Vargas has been a member of the company’s advisory board since its inception in 2001.

“We continue to build momentum from being a start-up in early 2001 to emerging as one of the major players in the network optimization market,” said Allan Leinwand, co-founder and president of Proficient Networks. “I can think of no one more qualified than Chris to lead us into the next phase. He has a proven track record of leading several network-related companies in creating new market opportunities in multiple geographies.”

Chris brings more than 15 years of high tech and network experience to Proficient Networks. Formerly, Chris was president of F-Secure, a global provider of centrally managed security solutions for the mobile enterprise, where he played a major role in creating the company’s U.S. presence. Before F-Secure, Chris spent eight years at San Jose-based networking giant Cisco Systems, most recently as Director of Marketing. While there, he developed and executed marketing strategies for Cisco’s Asian, Latin American, and European operations, as well as a number of sales and business development positions based in Brussels, Belgium. In his first role at Cisco, he co-founded their Germany operations in 1991. Prior to joining Cisco, Chris was Program Manager for Secure Intranet Services within the Advanced Networking Program division of the United States Air Force. He holds a Bachelor’s degree in Computer Engineering and a Master’s degree in Electrical Engineering from the University of Notre Dame and was a Fulbright scholar to Finland from 1987-1988. He has served on a number of boards, including F-Secure Ltd, Modera Point Inc. and Vaultline Inc.

“The Proficient team has executed extremely well since its inception in early 2001. They brought together a talented team of experts in route optimization, delivered an outstanding product, and created a clear leadership position by securing a core group of early adopter customers in the route control market. We will continue to build on these successes while increasing our emphasis in sales and market leadership,” said Chris Vargas, CEO of Proficient Networks. “I intend to complement the strengths of the existing leadership team as we increase Proficient Networks focus on all aspects of customer success in the growing market for network optimization solutions.”

“Chris is a proven leader,” said Douglas W. Tsui, Managing Director at Horizon Ventures. “His outstanding track record of leading networking companies in delivering industry-leading solutions, ensuring high levels of customer satisfaction and enacting effective marketing strategies speaks for itself. I am confident that with his guidance, we can continue to build upon Proficient Networks leadership status and deliver superior business results.”

About Proficient Networks

Proficient Networks is a leading provider of network optimization solutions for enterprises and service providers. Enabling network optimization results in applications such as IP-VPNs, VoIP, and Web-based enterprise applications to effectively use the Internet in spite of service degradations experienced with today’s major carrier networks.

The Proficient Network Policy Engine is an appliance delivering a toolkit of comprehensive traffic engineering mechanisms that adds performance and cost intelligence to Internet routing. An optimized network engineered by Proficient Networks delivers enhanced business continuity, application-aware route control, and better visibility and control into network performance and cost.

Headquartered in San Francisco, Proficient Networks is privately held, funded by BV Capital, Canaan Partners, El Dorado Ventures, Horizon Ventures, and individual investors, including Ed Kozel, former Board of Director member at Cisco Systems. For more information on Proficient Networks, visit http://www.proficient.net.

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CONTACT:

Proficient Networks

Beth Trier, 415/285-6147

PROFICIENT NETWORKS ANNOUNCES APPOINTMENT OF CEO; NEW CEO CHRIS VARGAS TO FOCUS ON SALES AND MARKETING INITIATIVES