Wave Systems Appoints Silicon Valley Executives Lorraine Hariton and David Cote to Board
10 March 2014 - 11:30PM
Marketwired
Wave Systems Appoints Silicon Valley Executives Lorraine Hariton
and David Cote to Board
LEE, MA--(Marketwired - Mar 10, 2014) - Wave Systems Corp.
(NASDAQ: WAVX), a provider of enterprise security software, has
named Lorraine Hariton and David Côté to its Board of Directors.
Ms. Hariton and Mr. Côté each have over 25 years of technology
industry experience, having led successful technology firms as CEO.
Their appointments increase the size of Wave's Board to eight
members.
Ms. Hariton recently completed a five-year post serving as
Special Representative for Commercial and Business Affairs at the
U.S. Department of State in Washington, DC. Her prior experience
included serving at the helm of venture capital technology
companies, Apptera and Beatnik. She previously spent 15 years in
sales and marketing leadership positions at IBM, followed by
Network Computing Devices (NCD), a publicly traded thin-client
company.
Mr. Côté most recently led a four-year transformation of
Symmetricom Inc., a network, data center and government systems
solutions provider, before it was acquired by MicroSemi Corporation
last year. In his prior role as CEO of Packeteer, Inc., a pioneer
in WAN optimization, Mr. Côté achieved five years of record revenue
and earnings growth, before successfully merging with Blue Coat in
2008.
Wave Chairman John E. Bagalay, Jr. Ph.D., commented, "We're
pleased to welcome both Dave and Lorraine to the Board as we seek
to refocus our strategy in driving long-term growth and improved
financial performance. As head of two Silicon Valley firms,
Lorraine brought innovative products to market and successfully
raised venture capital financing. She brought her business acumen
to the public sector, launching highly successful global
entrepreneurship programs while serving in the State Department. We
also welcome Dave Côté, an accomplished high tech executive with a
strong track record of instilling operational excellence within
high tech firms. Together, the additions of Lorraine and Dave to
the Wave Board are key elements in putting Wave on a path towards
sustainable growth."
Lorraine Hariton Career Highlights As Special Representative for
Commercial and Business Affairs at the US Department of State, Ms.
Hariton was responsible for driving the department's outreach to
the global business community. She worked with US embassies around
the world, ensuring support for business was a priority. She
created numerous initiatives, including the Ambassador's Direct
Line Program, the Global Entrepreneurship Program and ran many
conferences and trade delegations.
Ms. Hariton's diverse technology experience includes thin-client
computing, smart grid and street lighting controls, retail payment
systems, Internet audio solutions, speech applications and PBX's.
She served as the CEO of Beatnik where she repositioned the company
as a leader in audio solutions for cell phones. As President and
CEO of Apptera, a speech recognition company, she led its first
product launch.
Hariton is Chairman Emeritus of the Forum for Women
Entrepreneurs and Executives, served as Treasurer of the State of
California Board of Accountancy, and has served on various boards.
Ms. Hariton earned an MBA from Harvard Business School and a BS in
Mathematical Sciences from Stanford University.
David Côté Career Highlights Mr. Côté recently served as CEO and
President of Symmetricom, Inc., where he led a multi-year
transformation including significant senior leadership additions
and a simplified functional structure. Under his leadership,
Symmetricom delivered record revenue and added new lines of
business including the ChipScale Atomic Clock. Symmetricom was sold
to MicroSemi Corporation last year.
As CEO of Packeteer for six years, he helped transform the WAN
optimization company by adding new technologies to the appliance.
During his tenure, he doubled the company's headcount and
successfully integrated two acquisitions.
He earlier served as an executive for IDT and for ZeitNet. He
previously worked for SynOptics and was a marketing and sales
executive at Apple Computer. He earned an MBA from California State
University and a B.S. from the University of California, Davis.
About Wave Systems Wave Systems Corp. (NASDAQ: WAVX) reduces the
complexity, cost and uncertainty of data protection by starting
inside the device. Unlike other vendors who try to secure
information by adding layers of software for security, Wave
leverages the security capabilities built directly into endpoint
computing platforms themselves. Wave has been a foremost expert on
this growing trend, leading the way with first-to-market solutions
and helping shape standards through its work as a board member for
the Trusted Computing Group.
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Company: Wave Systems Corp. Michael Wheeler 413-243-7026
mwheeler@wavesys.com Investor Relations: David Collins, Eric
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