Press release
Teradici Corporation names industry leaders to executive team as company continues growth
Teradici Corporation, the innovator in delivering a true PC experience over Enterprise networks, today announced that Randy Groves has been named chief technology officer and Joe Gorfinkle has been appointed vice president of worldwide sales.
Vancouver, British Columbia, October 9, 2007 – Teradici Corporation, the innovator in delivering a true PC experience over Enterprise networks, today announced that Randy Groves has been named chief technology officer and Joe Gorfinkle has been appointed vice president of worldwide sales.
"Randy and Joe bring exceptional computer industry experience and leadership to Teradici," said Dan Cordingley, president and CEO, Teradici Corporation. "Their addition to our executive team will accelerate our momentum in driving the next revolution in computing, leveraging their previous success in the PC, server, and graphics markets."
Groves brings extensive leadership experience in computer systems, software, and semiconductor design. Before joining Teradici he was vice president of engineering for LifeSize Communications. Groves was also the chief technology officer for the Dell Product Group, where he was in charge of architecture and technology direction for all of Dell's products. Before joining Dell, Mr. Groves spent 21-years at IBM where he held many product development roles for IBM's Intel- and RISC-based servers, as well as roles in corporate strategy and RISC microprocessor development and architecture.
"Teradici has developed a groundbreaking PC-over-IP® technology platform which delivers an exceptional end user computing experience over standard corporate networks," said Randy Groves, chief technology officer, Teradici Corporation. "I look forward to working with Teradici's talented engineering teams in defining the next generation of network delivered computing."
Gorfinkle brings more than 20 years of sales experience in computer and consumer technology markets at both the semiconductor and system level. Prior to joining Teradici, he was vice president of sales for NVIDIA, managing its Professional Workstation, Consumer and Channel segments. He also served as NVIDIA's general manager of European sales, where he helped the company grow from pre-IPO to over $2.5 billion in annual sales. Gorfinkle also has held executive sales management roles at semiconductor companies such as Weitek and C-Cube Microsystems.
"Teradici has an extremely innovative technology that is changing the dynamics of enterprise computing. This solution is unique to the market, and has generated strong interest from multiple industry segments," said Joe Gorfinkle, vice president of worldwide sales, Teradici Corporation. "The potential for the company and its market opportunity are limitless. I am excited to join the Teradici executive team as we drive the rapid adoption of PC-over-IP technology."
Teradici's ground breaking technology enables better managed and more secure computing for the enterprise without compromising the demanding expectations of end users. It is centered on breakthrough algorithm innovations in image and I/O bridging, and is delivered by an application specific integrated circuit (ASIC) chipset. Teradici's unique platform is being applied in a variety of market segments with compute intensive requirements, efficient IT management and extensive security needs. Examples include the banking and financial sectors, such as securities traders; media and entertainment, such as movie animation; government, including military intelligence and national security; the healthcare sector; Computer-aided Design (CAD); and Computer-aided Manufacturing (CAM).
Earlier this year the company announced an oversubscribed "B" round funding of $18 million. Alloy Ventures led the round with participation from return investors the Working Opportunity Fund, Skypoint Capital, BDC Venture Capital and Alta Berkeley Venture Partners. In total, the company has raised $34 million in funding. Teradici is led by a highly experienced management team and board of directors. To view biographies of Teradici's full management team visit http://teradici.com/company/management.html
About Teradici
Teradici Corporation has developed a unique technology, called PC-over-IP, which makes network delivered computing a viable corporate computing reality. Founded in 2004 and headquartered in Burnaby, B.C., Canada, Teradici for the first time enables an exceptional end user experience for datacenter-based computing. Through a combination of unique graphics algorithms and high-performance silicon processing, the company is changing how personal computers are used, deployed and managed. More information is available at www.teradici.com.
For more information:
Phillip Bergman
Roher Public Relations
(914) 238-2200, ext 302
pbergman@roherpr.com
