Catena Names Costello Chairman

REDWOOD SHORES, Calif. -- Catena Networks today announced that it has named Joseph B. Costello chairman of its board of directors. Costello, currently chairman and CEO of think3, a young 3-D mechanical design software company, was an early investor in Catena and has been on its board since the company was founded in December 1998. He also played a pivotal role as president and CEO of Cadence Design Systems for more than a decade.“We are very pleased that Joe is stepping up his involvement with the company and taking on this crucial role,” said Bob Machlin, president and CEO of Catena Networks. “Joe’s experience at growing and successfully running a major corporation, such as Cadence Design Systems, is extremely valuable to Catena.”According to Costello, “Catena has demonstrated its ability to develop and deliver truly innovative broadband access systems that will enable carriers to turn broadband DSL into a profitable, volume service. As carriers begin to deploy these systems, I look forward to helping guide the company through its next stage of growth and helping establish it as a major supplier in the broadband access market.”Catena Networks Inc.