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Cambridge, Mass.-based TAGSYS has named Bill Stuek as the company’s Chief Executive Officer. Stuek succeeds Elie Simon who is leaving to pursue other interests, according to the company’s press release. Stuek will also serve as Chairman. Stuek is a 30 year veteran of IBM where
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Jeremy Condie has been appointed President at New York-based E*Assist. Previously, Condie served as senior vice president and head of hedge fund sales and relationship management for Thomson Financial. In this position he managed and grew a multi–million dollar book of business, counseled
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Perimeter Security, based in Milford, Conn., has appointed Doug Howard to the position of Chief Strategy Officer and President of USA.NET, Perimeter’s wholly-owned subsidiary and provider of eMessaging services. Prior to joining
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AOL Vice Chairman Emeritus, Ted Leonsis, has joined the Board of Vero Beach, Fla.-based,
Bridgevine. Best known in the business world as an early executive at AOL and for his sports holdings, earlier in his career, Leonsis was the founder of several new media companies including Redgate Communications Corporation. Redgate was the first company acquired by AOL. Leonsis served in executive positions at AOL until stepping down from day-to-day management in 2006. Leonsis serves as Chairman of Revolution Money (formerly GratisCard, Inc.), a Web 2.0 payment platform and credit-card service, and Clearspring Technologies, a provider of cross-platform widget services. Leonsis was the founder of six personal computer magazines, authored four books, and worked on the introduction of the IBM PC and the Apple Macintosh.
Leonsis is also the founder, chairman and majority owner of Lincoln Holdings LLC, a sports and entertainment company that holds ownership rights in several Washington, D.C. entities including 100 percent of the NHL's Washington Capitals and the WNBA's Washington Mystics. Lincoln Holdings also owns approximately 44 percent of Washington Sports and Entertainment Limited Partnership (WSELP), which owns the NBA's Washington Wizards, D.C.'s Verizon Center and the Baltimore-Washington Ticketmaster franchise. In addition to Lincoln Holdings LLC, Leonsis also has investments and/or sits on the board of directors for several companies including: Agents LLC; Animal Attraction; Beacon Capital Strategies LLC; Capitol Acquisition Corp.; Geneva Acquisition Corp.; GridPoint; Lunchbox Digital; Mahalo.com; Mobile Posse; Object Video; Podshow and Qloud.
Founded in 2003, Bridgevine is headquartered in Vero Beach, Fla. with an office in Atlanta, Ga. The company’s consumer-facing website, Bridgevine.com, is a source for consumers to learn about, compare and shop for the services. Vinny Olmstead serves as president and CEO. Leonsis' former colleague at AOL Ray Olgethorpe serves as Chairman.
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H. Dave Chambliss has been named Chairman of the Board for Indianapolis-based Powerway Inc. Chambliss is the company’s Chief Executive Officer and has been on the board since January 2007. Prior to his association with Powerway, Chambliss was Chief Operating Officer for Visiprise, Inc., which specializes in integrated manufacturing operations solutions. While at Visiprise, he led operations through the company’s acquisition of HMS Software & RSS Solutions and managed the integration of the two organizations. Previously, Chambliss served as president and general manager of North American Operations for Tecnomatix, prior to its acquisition by UGS. During the last 20 years, he has held various leadership positions at several technology companies, including IBM, LDS and STG Technologies. Chambliss succeeds Thomas Hiatt, founding partner of Centerfield Capital Partners, as Chairman. Hiatt will continue to serve as a member of the Board.
Launched in 1985, Powerway delivers advanced innovative technology solutions to help customers accelerate time to market and improve product quality, while reducing risks and costs through advanced collaboration and supplier community communication. The Powerway solution is available as a Software-as-a-Service (SaaS) model fully hosted for the Internet.
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Who Let the Dogs Out?
Things are getting pretty chilly on Wall Street and a recent article in the The New York Times said the frost is spreading to Silicon Valley.
Despite the fact corporations like Tyco, WorldCom and Enron were condos made of cards, the last downturn in the economy seemed to be--and continues to be--attributed solely on the crash of the dot.com economy. Laying the blame on an emerging growth industry, while the consumer broadband market was still nascent and investors were demanding a quick and unrealistically large ROI, is similar to blaming Saddam Hussein for 9/11. The dot.com crash prompted many former technology execs, and investors, to turn their talents and money into something they thought was more stable: real estate. Unless it's your property on the block, you gotta love the irony in that!
Maybe expansion-stage companies are going to get a break this time and the investors will have the fortitude to continue to support their portfolio companies while the investment banks haggle with mortgage holders and the Fed. Silicon Valley execs might be re-thinking the new sports cars, private
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