Bluesocket named industry veteran Mads Lillelund as Chief Executive Officer, President and Board Member

April 18, 2006

2 Min Read

BURLINGTON, Mass. -- Bluesocket, Inc., (www.bluesocket.com) the leader in open wireless network, security and management solutions, today named industry veteran Mads Lillelund as Chief Executive Officer, President and Board Member.

Mr. Lillelund brings extensive senior management and telecom infrastructure experience to Bluesocket. Most recently, Mr. Lillelund was President & CEO of manufacturer Carlo Gavazzi Computing Solutions (CGCS). Mr. Lillelund managed the CGCS businesses of electronic packaging and embedding computing, Aurora Technologies, and Channel Access where he restructured the operations to achieve profitability. Previously, he served as Executive Vice President of Worldwide Sales and Services at Enterasys Networks, where he was responsible for generating over $400M in annual revenue primarily through distributors and resellers.

From 1991 to 2001, Mr. Lillelund held several key positions at Lucent Technologies and AT&T in Belgium, Ireland and the United States. In the early years, he successfully opened the Russian and Eastern European markets while later becoming the Managing Director and Regional Vice President of Europe, Middle East & Africa (EMEA) for Lucent Technologies' Global Commercial Markets. As Managing Director he established the headquarters in Dublin, Ireland where he was responsible for Sales, Marketing and Operations in 22 countries generating revenues in excess of $300M.

"We are delighted to have Mads bring his years of industry experience to Bluesocket," said Peter Smith, chairman of the Board of Directors at Bluesocket. "His outstanding leadership skills and vast experience with global and channel partner business will be valuable to continuing the company's growth and success."

"I am very excited to join the Bluesocket team," said Mr. Lillelund. "The company recently surpassed 1,700 customers worldwide by providing the most open, secure and scalable wireless solutions. With the wireless LAN market poised for explosive growth, we aim to build upon our leadership position by forging new strategic alliance partnerships, growing our sales channels globally, and continuing to deliver best-in-class solutions for our customers."

Bluesocket recently concluded its series C round of equity financing in the amount of (U.S.) $9 million, bringing total funding to date to $51 million. The company is using the additional funding to expand its sales and partner channels, enhance its marketing and further develop its award-winning suite of open wireless security and management solutions.

Bluesocket Inc.

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