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Hammerhead Names New CEO

Hammerhead Systems appoints Peter P. Savage CEO

December 6, 2004

1 Min Read

MOUNTAIN VIEW, Calif. -- Hammerhead Systems, Inc., the market leader in migration solutions today announced the appointment of Peter Savage as President, CEO and Chairman. Pete joins Hammerhead as an experienced CEO having successfully led Applied Digital Access (ADA) as President and CEO, and Chairman of the Board, from a small private company through an IPO, three acquisitions, and an acquisition by Dynatech. He was also President and CEO of Hatteras Networks, President and COO of Commterm – Alliance Telecom, and President and COO of Xylogics.

“Pete Savage understands the economic and technical challenges service providers face as they transition their networks to MPLS. Pete brings additional firepower and trusted relationships with service providers to accelerate Hammerhead’s customer traction and broaden distribution channels worldwide. Hammerhead’s investors have long-standing relationships with Pete and full confidence in his ability to lead the company. We’re very pleased to have Pete on board!” said Bill Stensrud, Managing Director and General Partner at Enterprise Partners Venture Capital, and Hammerhead Systems Director.

“Service providers are transitioning their networks to MPLS. At the same time they need to accelerate profitable delivery of new Ethernet-based services while maintaining and enhancing the revenue and profits from legacy Frame Relay and ATM services. Hammerhead has architected the HSX 6000 system with both MPLS and ATM control planes, providing highly scalable service inter-working between legacy networks and new MPLS networks. In addition, the HSX 6000 provides outstanding CAPEX and OPEX economics for carriers. Hammerhead has a compelling product offering at a critical time in the evolution of carrier networks” said Pete Savage, Hammerhead President, CEO and Chairman.

Hammerhead Systems Inc.

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