Angle PLC
18 January 2005
For Immediate Release 18 January 2005
ANGLE plc
Launch of US Ventures and Appointment of Managing Director
ANGLE plc is pleased to announce the launch of its US Ventures business,
building on the success of the Consulting and Management business in the United
States. US Ventures will be headed by industry veteran Robert Kornblum, who has
been appointed as Managing Director with immediate effect. Kornblum will lead
the Ventures team in the United States, based out of the company's Tyson's
Corner, Virginia office. He will focus on building successful companies by
identifying and commercialising university and corporate intellectual property.
Robert Kornblum has over 10 years of strategy and finance experience building
and advising early-stage technology companies. He previously held senior
business development and strategy roles at Manugistics Group, Inc. (NASDAQ:
MANU), a large Maryland-based enterprise software company. Before joining
Manugistics, he was a Principal at Austin Ventures, one of the largest
technology venture capital firms in the US where he led investments in
early-stage software and services companies.
Robert Kornblum also has experience with Robertson, Stephens & Company in San
Francisco and Tribune Ventures in Chicago. He was awarded a Kauffman Fellowship
from the Kauffman Foundation, holds an MBA from the Kellogg School of Management
(Northwestern University), and a BA from Dartmouth College.
Commenting on the appointment, Gary Evans, ANGLE's Chief Executive of US
operations said:
'We are delighted with Rob's appointment. His combination of venture capital and
operating experience, and a very strong VC network, make him the ideal person to
drive our Venture expansion in the US.'
Robert Kornblum added:
'I am extremely excited about the opportunity for ANGLE Technology Ventures and
the space in which we play. There is quite a gap between lab research and a
company that most VCs will fund. ANGLE Technology Ventures will fill that gap.'
Enquiries:
ANGLE plc 01483 295830
Andrew Newland, Chief Executive
Dawson Buck, Deputy Chief Executive
Buchanan Communications 020 7466 5000
Richard Darby, Suzanne Brocks
Notes to Editors
Founded in 1994, ANGLE is an international venture management and consulting
company focusing on the commercialisation of technology and the development of
technology-based industry. ANGLE creates, develops and advises technology
businesses on its own behalf and for its clients. ANGLE is listed on AIM
(AGL.L); further information can be found on www.ANGLEplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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