Mangrove Names New CEO

Mangrove Systems appoints Colin Doherty as president and CEO; Jonathan Reeves, founder and current CEO, will become chairman of the board

January 19, 2006

2 Min Read

WALLINGFORD, Conn. -- Mangrove Systems, the industry leader in multi-service access and aggregation for 3G wireless and wireline networks, is pleased to announce the appointment of Colin Doherty to the position of President and CEO. This addition signals a new stage in the company's growth, with increased priority on corporate development and aggressive market penetration. Mr. Doherty will also be named a board member.

Mr. Doherty brings a depth of knowledge and experience to the Company having spent more than sixteen years combined experience at NMS Communications and Nortel Networks building their Optical and Carrier businesses in Latin America, North America and Europe managing teams delivering over $1B in annual revenues with Class5/IP switching and ATM data products, services and wireless technologies. During his career, Mr. Doherty has had a series of successes introducing and commercializing new and innovative products and technologies in the marketplace.

Jonathan Reeves, Founder and current CEO of Mangrove, will assume the position of Chairman of the Board. In this capacity, Mr. Reeves will continue to drive the Company's product and technology direction in addition to strategic alliances and market development. Jonathan Reeves founded Mangrove after more than fifteen years leading the development of forward looking technologies including two previous successful start-up initiatives.

"With the industry experience, leadership and reputation that Colin brings to his new role at Mangrove we are in a position to create one of the most dynamic companies in the telecommunications industry," stated Reeves. "I will now be able to fully focus on technology and market initiatives knowing that Colin is committed to the daily operations of the Company."

Commenting on his appointment Colin Doherty said: "I am delighted to accept the invitation of Jonathan Reeves and the Board to become CEO of Mangrove. The Company has a strong suite of technology and intellectual property, combined with a highly motivated team of professionals dedicated to the development and success of the business. Mangrove has a strong product family and international presence which we will use as a solid foundation to move the business forward to the next stages of growth and development."

Mangrove Systems Inc.

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