Appointment of General Manager

RNS Number : 0641E

Corero PLC

01 April 2011

 



1 April 2011

CORERO PLC

Appointment of General Manager and CFO of US-based security division

Corero plc (AIM:CORO, 'Corero') the international network security business and supplier of accounting and management information software solutions to the education and commercial markets, announced today the appointment of Marty Meyer as General Manager and Chief Financial Officer of its US-based security division (Top Layer). 

Corero announced the acquisition Top Layer in February 2011, marking the first step in its strategy of building security systems business focused on the network security market. 

Marty will be responsible for operations, IT, finance, human resources, legal, engineering and business affairs of the security division. He has more than 25 years experience in finance, engineering and operations with both fast-growing start-ups and established technology companies. Most recently he served as Chief Operating Officer and Chief Financial Officer at ExtendMedia. Marty was a member of the management team that successfully completed the sale of ExtendMedia to Cisco Systems, Inc. in September 2010.

Before joining ExtendMedia, Marty was COO and CFO of Bowstreet, a provider of enterprise portal software solutions, and helped lead the company's successful acquisition by IBM in December 2005. Prior to that, he was CFO of Ucentric Systems, a provider of networked DVR software services, which was acquired by Motorola. Marty has also held the CFO role at SightPath, Inc. and Xedia Corp., an early pioneer of network switching and a leader in IP bandwidth management. Xedia was acquired by Lucent Technologies in 1999.

Jens Montanana, Chairman of Corero, said:

"Marty brings a wealth of experience and expertise to this role. Top Layer is a key part of our strategy to build a strong presence in the global network security market. We see real opportunities to develop Top Layer's products and drive revenue growth and are confident that Marty will play a key role in achieving these ambitions."

Corero has two divisions: Corero Security Systems, which includes Top Layer, and Corero Business Systems, which serves the education and commercial sectors.

 

Enquiries:

Corero plc
Andrew Miller, Chief Operating Officer	01923 897 333
FinnCap
Clive Carver/Henrik Persson	020 7600 1658
College Hill
Kay Larsen/Rozi Morris	020 7457 2020

About Corero

Corero is an international network security business and supplier of accounting and management information software solutions to the UK education market.

Corero acquired Top Layer Networks, Inc. in February 2011 as a first step in creating its Corero Security Systems division. The Group's strategy is to build, through a combination of acquisition and organic development, a network security technology business focused on delivering software and hardware solutions and related support services to mid-market commercial and enterprise customers and telecommunication service providers, through international channels. 

Corero Security Systems will operate alongside the Corero Business Systems division, which supplies accounting and management information software solutions to the education and commercial markets.

 

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