AdventNet Expands Management Team with the Appointment of Chief Financial Officer
Seasoned Financial Executive, Steve Collard, appointed CFO
Pleasanton,CA -- December 5, 2000
AdventNet, the Internet Management Infrastructure CompanyTM, announced the appointment of Steve Collard as Chief Financial Officer. In his role, Steve will manage corporate finance and operations and will serve as the company's primary liaison with the investment community.
"Steve's proven success in managing the financial activities of growing businesses will contribute to our continued growth and success," said Dr. Sridhar Vembu, the President and CEO of AdventNet.
AdventNet has experienced phenomenal growth in revenues and earnings, with a growth rate of over 200% year over year, and corresponding growth in the number of customers, partners, and employees. This rapid growth has prompted AdventNet to move it's headquarters to a much larger facility in Pleasanton, CA and significantly expand the AdventNet India Development Center. Remarkably, AdventNet has never needed to raise investment capital to achieve this 4-year growth record.
"I am excited to join the AdventNet team as the company has excellent products, a profitable business model generating increasing earnings and a track record of success," said Steve Collard. He further added that, "AdventNet is poised for rapid growth and I look forward to utilizing my financial and operational skills to contribute to the growth".
Before joining AdventNet, Steve served as CFO in the professional services, technology, distribution and the food storage/logistic industries, serving most recently as the CFO of Law Cypress, a computer distributor and professional services company. Steve received a Bachelor of Science degree in Business Administration from the University of California, Berkeley.
About AdventNet, Inc.
AdventNet, the Internet Management Infrastructure CompanyTM is the worldwide leader in providing Web and Java based network management software for OEMs, service providers, integrators and ISVs. Ease of use, scalability, reliability and extensive customization are the hallmarks of AdventNet products. AdventNet products are powering solutions in many fast growing market segments that include e-commerce application management, optical networking, cable modem, DSL, storage management, web hosting and management service providers (MSPs). AdventNet enables superior solutions with rapid time to market advantages and all the benefits of new Internet technologies. AdventNet corporate office is located at Pleasanton, CA with offices in NJ, NH, India, China and Japan. It has a well-trained partner base around the globe and thousands of customers world-wide. For more information call (925) 924-9500 or visit http://www.manageengine.com
Note to Editors: AdventNet, The Internet Management Infrastructure Company, and AdventNet Web NMS are trademarks of AdventNet, Inc. All other company names may betrademarks of the respective companies with which they are associated.