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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: J Fieb who wrote (39428)	3/25/1999 1:09:00 PM
From: DiViT	Read Replies (1) \| Respond to of 50808

<Stallone accent>Yo' Adriaan...</Stallone accent> I had forgotten about this long lost Cube co-founder... Adriaan Ligtenberg Named to Karna Technologies' Board of Directors 03/24/99 Business Wire (Copyright (c) 1999, Business Wire) CUPERTINO, Calif.--(BUSINESS WIRE)--March 24, 1999--Karna Technologies, a leading information technology (IT) services company that delivers quality-focused, cost-effective solutions to clients around the world, Wednesday announced it has named Adriaan Ligtenberg to its board of directors. "Electing Adriaan to our board was a great move for our company and he will be a great asset," said Kannan Ayyar, founder and chairman of Karna Technologies. "He has a wealth of experience in the high-technology industry that will be useful in helping Karna Technologies move forward in delivering innovative IT solutions to our clients." Ligtenberg is currently chief executive officer of A3 Ventures, a firm that provides strategic consulting to multi-national high-technology companies. A3 Ventures' area of expertise is the spin-out and spin-in of companies and the commercialization of innovative technology and products for emerging markets. According to Ligtenberg, Karna Technologies is combining the best of two worlds. "The combination of onsite domain expertise that understands customer problems with a back-end access to highly skilled and trained offshore engineers gives Karna's clients a fresh and efficient approach to meeting their IT needs," Ligtenberg said. Prior to joining A3 Ventures, Ligtenberg founded and served as chief executive officer of Storm Technology, a company instrumental in establishing the JPEG format as the international standard for storing and exchanging still images. He was also a co-founder of C - Cube (Nasdaq: CUBE), a leading provider of integrated circuits and international standards for compressing digital images and full-motion video. Ligtenberg holds a master's degree in engineering from the Delft University of Technology in the Netherlands, and he has a doctorate in computer science from the Swiss Federal Institute of Lausanne. Ligtenberg joins Ayyar and Ravi Narayanan on Karna's board of directors. Ayyar serves as chairman of the board and is a proven founder, leader and builder of high-technology companies. Ayyar is currently president and CEO of Vayu Communications, a developer of value-added Internet protocol services located in Cupertino. In early 1996, Ayyar formed Interweave Software, creator of a Web-based decision support product. That company was sold to Cognos Software (Nasdaq: COGNF) in 1997 for $16 million. In 1989 he founded Renaissance Software as a developer of an enterprise software product for large financial institutions. Renaissance was sold to Sungard Data Systems (NYSE: SDS) in late 1995 for $50 million. Ayyar is also an early-stage investor in several high-tech companies and serves on the boards of several companies. He began his career in finance at Salomon Brothers in 1985, and he became one of the firm's youngest vice presidents in 1988. Ayyar has a bachelor's degree in computer science from the University of California, Berkeley. Narayanan is currently chief executive officer of Karna Technologies India. Previously, Narayanan founded Microcon Software Development Corporation, an Indian-based engineering firm, and served as its chief executive officer until it was acquired by Karna Technologies in 1999. Narayanan is on the board of Air-India, Indian Airlines, and several technology companies, and he advises the Indian government on various technology matters. He has an engineering degree from the University of Madras. Formed in 1999, Karna Technologies helps meet the increasing worldwide demand for IT services with its pool of highly skilled engineering professionals located in India and the United States. For more information about Karna Technologies and its services, see karnatech.com or call 310/880-6652. Contact: CONTACT: Politis Communications Scott Corfield, 801/523-3730 801/949-7002 (mobile) scorfield@politis.com 08:00 EST MARCH 24, 1999