(PR NEWSWIRE) DJ: Cygnus Solutions Names Alex Daly President and CEO
DJ: Cygnus Solutions Names Alex Daly President and CEO
SUNNYVALE, Calif.--(BUSINESS WIRE)--May 26, 1998--Cygnus(R) Solutions, the
leader in cross-platform embedded software for the widest range of 32- and
64-bit microprocessors, today announced that it has named Alex Daly as
president and CEO.
Daly, 37, had been senior vice president worldwide sales and corporate
marketing and chief marketing officer at C-Cube MicroSystems, Inc. In these
positions, he was responsible for growing sales in consumer, PC, digital
set-top box and professional video creation business segments. These
businesses had combined fiscal year 1997 revenues in excess of $320 million.
"With his extensive strategic marketing and microprocessor industry
experience, Alex Daly is a proven executive capable of driving Cygnus'
vision to become the open software standards leader in embedded computing,"
said John Johnston, a Cygnus Solutions board member who led the search. In
addition, Tom Barton will be promoted to the newly created position of
senior vice president of operations effective immediately. In this position,
Barton will have worldwide responsibility for managing all aspects of
corporate operations including customer service. Barton was acting interim
president and CEO.
"Cygnus Solutions is a terrific company in a dynamic and rapidly growing
industry," said Daly. "The company has successfully leveraged its GNU
compiler technology leadership by providing best-in-class mission critical
software support-based services and cross-platform embedded software
development tools focused on leading edge 32-bit microprocessors. Strong
alliances with customers including Motorola, Cisco, Toshiba and others have
resulted in a 65 percent annual compound sales growth rate since 1992. I am
genuinely delighted about this unique opportunity and look forward to
working with Cygnus' highly talented team to achieve the next level of
business growth."
Prior to C-Cube MicroSystems, Daly spent four years with Intel Corporation,
where he was most recently the director of marketing for the Mobile
Computing Group. Before that, he was the strategic marketing manager for the
Standard ICs Division at SGS-Thomson Microelectronics. Daly also held
various positions in computer design and architecture at Texas Instruments,
Honeywell Inc. and E-Systems.
Daly earned a bachelor's degree in electrical engineering from the
University of Miami, Florida and his MBA from the University of Dallas.
About Cygnus Solutions
Cygnus Solutions is the leader in cross-platform embedded software for the
widest range of 32- and 64-bit microprocessors. Cygnus delivers integrated,
commercially supported solutions on Windows NT, Windows 95, and most UNIX
platforms for developing leading-edge software applications. The company
works in conjunction with microprocessor manufacturers and OEMs on
high-value, high-volume applications using robust development tools such as
Cygnus Foundry(TM), Source-Navigator(TM) and the GNUPro(TM) Toolkit -- the
most widely used C/C++ compiler toolchain. In addition, Cygnus provides its
customers with custom-engineered solutions and mission critical technical
support.
Cygnus Solutions, founded in 1989, is a global company with headquarters in
Sunnyvale, Calif., and sales and engineering offices throughout North
America, Japan, Germany and the United Kingdom. For more information, call
+1-800-CYGNUS1 (outside the U.S. call +1-408-542-9600) or visit the Web site
at cygnus.com.
Note to Editors: Cygnus is a registered trademark and GNUPro, Cygnus Foundry
and Source-Navigator are trademarks of Cygnus Solutions. All other company
and product names are trademarks of their respective holders.
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