Light Reading

BTI Names Former Arbor Boss as CEO

Mitch Wagner
4/9/2014
50%
50%

BTI Systems has named named Colin Doherty, a 25-year-global telecom industry veteran who formerly headed up Arbor Networks, as its new CEO.

BTI, which makes SDN-enabled multiservice transport systems and software that's commonly used in data center interconnect networks, is looking to Doherty to lead the company "during its next stage of rapid customer and revenue expansion." (See BTI Names New CEO.)

Former CEO Steve Waszak, who led the company since 2010, left the company "for personal reasons," according to the statement.

BTI is "experiencing the best growth and performance in the company's history," board chairman Neil Ferris says in the BTI statement. Customers include Equinix, Digital Realty, and VK. Compound annual revenue growth was 33 percent between 2007 and 2013, "with more than 40 percent of revenues coming from top-tier content, colocation and service providers, and doubling revenue growth in the Asia-Pacific region," BTI says.

BTI's New CEO
Colin Doherty
Colin Doherty

Industry changes are helping to fuel BTI growth, the company says:

    "Business and consumer demand for cloud services, mobility and video content is forcing the re-architecting of content and service provider networks - particularly in metro and regional areas, where the most substantial changes are occurring," said Deepak Sindwani, partner at Bain Capital Ventures and BTI board member.

Doherty was named CEO at Arbor Networks in 2009, guiding that company through its acquisition by Danaher in 2010. Last year, Arbor acquired Packetloop. Previously, Doherty was VP for worldwide sales at Arbor, CEO of Mangrove Systems, and held senior management, sales, and operations positions with NMS Communications and Nortel Networks.

BTI has raised $60 million in funding since 2011, including $27 million in a round closed in December. Investors include Bain Capital Ventures, BDC, Covington Capital, and GrowthWorks. (See BTI Raises Cash, Embraces SDN.)

BTI recently made other changes to its executive team. It added Tod Nielsen, former VMware co-president and current Heroku CEO, to its board. The company named Ken Taylor from March Communications as CFO, and Tim Nolette from Crossbeam Systems as senior vice president of global operations.

Taylor has public listing experience, and his appointment in August led Light Reading to speculate the company was planning an IPO. BTI was non-committal. (See Is BTI Heading for an IPO?)

Speculation that BTI was set to unveil IPO plans flared up again during the recent OFC conference in San Francisco, but a company source told Light Reading that the company was nowhere near that stage.

BTI was a finalist in the Company of the Year (Private) category of the Leading Lights awards, but Guavus Inc. won the trophy. (See Light Reading Announces 2013 Leading Lights Winners and 2013 Leading Lights Finalists: Company of the Year (Private).)

— Mitch Wagner, Circle me on Google+ Follow me on TwitterVisit my LinkedIn profileFollow me on Facebook, West Coast Bureau Chief, Light Reading. Got a tip about SDN or NFV? Send it to mwagner@lightreading.com.


Want to learn more about SDN and the transport network? Check out the agenda for Light Reading's Big Telecom Event (BTE), which will take place on June 17 and 18 at the Sheraton Chicago Hotel and Towers. The event combines the educational power of interactive conference sessions devised and hosted by Heavy Reading's experienced industry analysts with multi-vendor interoperability and proof-of-concept networking and application showcases. For more on the event, the topics, and the stellar service provider speaker lineup, see Telecommunication Luminaries to Discuss the Hottest Industry Trends at Light Reading's Big Telecom Event in June.


(4)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Mitch Wagner
50%
50%
Mitch Wagner,
User Rank: Lightning
4/10/2014 | 4:27:57 PM
Re: BTI is on a tear...
I talked with the new CEO this morning. Still no word on an IPO -- or an acquisition either, for that matte.r 
DOShea
50%
50%
DOShea,
User Rank: Blogger
4/9/2014 | 9:51:28 PM
Re: BTI is on a tear...
I thought maybe they were getting close to that IPO, with companies like Infinera and Cyan generating a lot of buzz after they went public. There was also a lot of speculation about BTI supplying Google, which they could have rode into a nice IPO. But, now we're two years distant from the first Google rumors, and BTI has never admitted anything.
Mitch Wagner
50%
50%
Mitch Wagner,
User Rank: Lightning
4/9/2014 | 7:06:05 PM
Re: BTI is on a tear...
I'm looking to get an interview with the new boss in the next day or so. We're looking to lock down a mutually convenient time now. 
Ray@LR
50%
50%
Ray@LR,
User Rank: Blogger
4/9/2014 | 11:08:44 AM
BTI is on a tear...
In many ways BTI has been a 'slow burner' over the years, always respected and solid, but now the heat has been turned up -- this looks like a very good time to be taking the helm!
Flash Poll
From The Founder
Network architects aiming to upgrade their networks to support agile, open, virtualized services in the 21st century need to consider new criteria when choosing between technology suppliers.
Live Streaming Video
CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
LRTV Custom TV
VeEX: Live from the Big Telecom Event 2015

7|7|15   |   2:28   |   (0) comments


VeEX's Carl Goldschmidt provides new product updates, including the RXT modular test platform and TX300s. With the latest technology in pluggable physical interfaces, the RXT platform combines multiple technologies with testing range from 10 Mbit/s to 100 Gbit/s. The TX300s is an "All-in-one" advanced multi-service test platform from 64 Kbit/s to 100 Gbit/s that ...
LRTV Custom TV
Light Reading Interviews MRV: 2015 Big Telecom Event

7|7|15   |   3:45   |   (0) comments


Scott St. John, SVP of Global Sales & Service, discusses MRV's customer-centric culture, the new OptiPacket OP-X1 100G access platform, and recent customer wins with Light Reading at BTE 2015.
LRTV Custom TV
Procera: Enhancing the Subscriber Experience

7|7|15   |   4:53   |   (0) comments


Hear from Procera on the latest in Subscriber Experience solutions. Learn how Procera's RAN Perspective technology helps network operators monitor and manage network traffic, in real-time, solving congestion and other network issues.
Between the CEOs
HP's Prodip Sen: The NFV Journey

7|7|15   |   21:39   |   (0) comments


Prodip Sen, CTO of the Network Functions Virtualization (NFV) business unit at HP, talks to Light Reading founder and CEO Steve Saunders about the four stages of the NFV journey.
LRTV Documentaries
Leading Lights 2015 Winners' Video

7|7|15   |   08:34   |   (0) comments


Hear what the Leading Lights 2015 winners had to say after they picked up their awards in Chicago.
LRTV Documentaries
PSA: The Perils of a Hyper-Connected Society

7|6|15   |   1:38   |   (0) comments


A public service announcement calling attention to the perils of a hyper-connected society.
LRTV Interviews
Guavus Takes Analytics on the Road

7|6|15   |   4:09   |   (3) comments


Guavus CEO Anukool Lakhina tells Light Reading CEO and founder Steve Saunders how the analytics tools developed for telcos are applicable to the transportation industry.
Telecom Innovators Video Showcase
Mellanox's New 25/50/100Gb/s Ethernet Products

7|6|15   |   2:44   |   (0) comments


Mellanox offers a complete 10/25/40/50/56/100Gbit/s solution that delivers industry-leading performance, scalability, reliability and efficiency for optimal application performance and data center ROI.
Telecom Innovators Video Showcase
Arista's CloudVision

7|6|15   |   6:01   |   (0) comments


Anshul Sadana answers questions from Steve Saunders, Light Reading’s founder and CEO, about Arista’s CloudVision, a global cloud network controller for workload orchestration and workflow automation delivering a turnkey solution for cloud networking.
LRTV Custom TV
Red Hat Demo

7|2|15   |   10:53   |   (0) comments


Red Hat's Nicolas Lemieux demonstrates how Red Hat is driving innovation through open source communities.
LRTV Custom TV
Red Hat's Approach to OpenStack Adoption

7|2|15   |   5:17   |   (0) comments


Red Hat's Radhesh Balakrishnan outlines his company's open source strategy for both enterprises and telcos.
LRTV Custom TV
The New IP Goes Mobile With vEPC

7|2|15   |   1:12   |   (0) comments


Heavy Reading's Gabriel Brown discusses results of a Light Reading survey sponsored by Brocade that shows a clear commitment by mobile operators to move quickly to virtual EPC deployment.
Upcoming Live Events
September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
October 6, 2015, The Westin Peachtree Plaza, Atlanta, GA
October 6, 2015, Westin Peachtree Plaza, Atlanta, GA
October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
November 5, 2015, Hilton Santa Clara, Santa Clara, CA
All Upcoming Live Events
Infographics
Equinix walks through the past four digital economy eras from computing to network to connected to today's interconneted world.
Hot Topics
What's a Gigabit Good For?
Carol Wilson, Editor-at-large, 7/1/2015
IBM Sows Seed for New Telco Unit, Plans NFV/SDN Push
Ray Le Maistre, Editor-in-chief, 7/6/2015
FCC Chairman Talks Up SDN/NFV
Mari Silbey, Senior Editor, Cable/Video, 7/2/2015
A&E Launches Lifetime OTT Service
Alan Breznick, Cable/Video Practice Leader, 7/3/2015
India's Operators Plan 3G Push
Gagandeep Kaur, Contributing Editor, 7/6/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
Prodip Sen, CTO of the Network Functions Virtualization (NFV) business unit at HP, talks to Light Reading founder and CEO Steve Saunders about the four stages of the NFV journey.
Casa Systems has been going from strength to strength over the last couple of years. In 2013, it became the first vendor to ship an integrated CCAP device -- the ...
Cats with Phones