January 18, 2006
SUNNYVALE, Calif. -- SiNett Corporation, developer of groundbreaking silicon and software for next-generation network infrastructures, today announced that its board of directors has selected Richard H. Forte as its executive chairman. Mr. Forte joins SiNett as the company transitions from its focus on development to revenue generation with its OneEdge switch processor for unified wireless and wired enterprise networks.
"After looking at numerous opportunities within the semiconductor industry, I was attracted to SiNett's proven top technical and management team, innovative architecture and top-tier funding partners," said Mr. Forte. "Additionally, SiNett's technology plays a key role in enabling the next generation in enterprise networks by bringing together the best of the wired and the wireless world on a single chip. The company has all the ingredients to be the next great semiconductor company. and I am excited to be a part of it."
Mr. Forte, a semiconductor industry veteran, was most recently Chairman and CEO of RFco Corporation. Additionally, he served as CEO of ITeX Corporation and CEO of Vantis Corporation (a subsidiary of Advances Micro Devices). Mr. Forte was also a senior executive of Advanced Micro Devices, responsible for the flash memory, programmable logic, networking communications and micro-controller businesses.
"Rich is exactly the right person to lead SiNett successfully through the next stages of business growth," said Shirish Sathaye, general partner at Matrix Partners. "Not only does he possess the requisite management and operations experience, he is also a superb strategic thinker."
Shiri Kadambi, SiNett's CEO, added, "We are extremely pleased to have attracted such a highly respected leader in the semiconductor industry. Rich will play a key role in bringing end products to market and securing key strategic relationships for the company. Clearly, his breadth of knowledge and successful track record in both start-ups and major semiconductor corporations will take SiNett to the next level."
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