I just thought the list might want to know what one of the board members is doing for his day job: Nick >From: US Wires Machine <[EMAIL PROTECTED]> >To: 'Nick' <[EMAIL PROTECTED]> >Subject: GEORGE CONRADES NAMED CHAIRMAN AND CEO OF AKAMAI TECHNOLOGIES >BUSINESS EDITORS CAMBRIDGE, MASS.--(BUSINESS WIRE)--APRIL 7, 1999-- FORMER >BBN CEO TO LEAD COMPANY'S TRANSFORMATION OF INTERNET CONTENT >Date: Wed, 7 Apr 1999 12:50:31 -0400 > >Quick Search > >GEORGE CONRADES NAMED CHAIRMAN AND CEO OF AKAMAI TECHNOLOGIES BUSINESS >EDITORS CAMBRIDGE, MASS.--(BUSINESS WIRE)--APRIL 7, 1999-- FORMER BBN CEO TO >LEAD COMPANY'S TRANSFORMATION OF INTERNET CONTENT >Business Wire >7 Apr 8:51 > > >BW1087 APR 07,1999 5:51 PACIFIC 8:51 EASTERN > > >( BW)(MA-�AKAMAI�-TECHNOLOGIES) George Conrades Named Chairman and CEO >of �Akamai� Technologies > > Business Editors > > CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 7, 1999-- > > Former BBN CEO to Lead Company's Transformation > of Internet Content Distribution > > �Akamai� Technologies, Inc. announced today that George H. >Conrades has been named Akamai's Chairman and Chief Executive >Officer, effective immediately. > He will spearhead the commercial launch of FreeFlow(sm), Akamai's >Internet content distribution service. Mr. Conrades, who has been >representing �Akamai� investor Polaris Venture Partners as a member of >the �Akamai� Board of Directors since last December, will also continue >in his position as a venture partner at the venture capital firm. > Before joining Polaris in 1998, Mr. Conrades served as Chairman >and Chief Executive Officer of BBN Corporation where he led the >commercialization of this prestigious high-technology research and >development company. He capitalized on BBN's pioneering role in the >creation of the Arpanet, the forerunner of today's Internet, and its >Internet-related core competencies, enabling BBN to quickly become >one of the world's leading and largest Internet service providers >with specific focus on business-to-business applications. > After BBN was acquired by GTE in 1997, he led the integration of >GTE's overall Internet and data communications activities as >Executive Vice President of GTE and as President of GTE >Internetworking. > Mr. Conrades began his career at IBM, rising to become the head >of IBM United States, where he led the creation of IBM's services >business. Previously, he established IBM's headquarters in >Asia/Pacific, where the region attained record growth in revenues and >earnings, earning him the title of IBM Senior Vice President and >member of IBM's Corporate Management Board. > Mr. Conrades is currently a director of CBS and Infinity >Broadcasting, having served as a director of Westinghouse during its >transformation from an industrial products firm to a top-tier media >company. > "�Akamai� is destined to play a major role in enabling the world's >largest Web sites to reliably deliver rich content with >high-performance," noted Mr. Conrades. "I am thrilled and honored >to join the exceptionally talented �Akamai� team full-time, which has >enjoyed unparalleled support from two superb venture firms, Battery >Ventures and Polaris Venture Partners. " > Founded last year by a leading group of MIT scientists, �Akamai� >has deployed the world's largest fault-tolerant network for >distributing Internet content. The company's FreeFlow(sm) service >speeds up the delivery of rich Web content and allows high-volume >Internet businesses to serve their audiences reliably and >economically from a globally-distributed network of servers located >close to end users. �Akamai� is currently beta-testing FreeFlow with >some of the largest sites on the Internet, including five of the >world's most-visited Web sites. The company's service trial began in >January 1999 with the deployment of hundreds of proprietary content >distribution servers. > "George brings immense experience, leadership and vision to our >company just as we are bringing major customers onto the network," >said Tom Leighton, Professor of Applied Mathematics at MIT, and >Akamai's Co-founder and Chief Scientist. > Over the last several months, �Akamai� has recruited a top-notch >team of experienced Internet business professionals to join its >founding group of world-class scientists. In addition to Mr. >Conrades, recent executive appointments include: Paul Sagan, former >President of Time Inc. New Media, as �Akamai� Chief Operating Officer; >Earl Galleher, former President of Digex's Web Site Management >Division, as �Akamai� Vice President of Sales and Distribution; and >Warren Recicar, former GTE Internetworking Vice President of Customer >Services Delivery, as �Akamai� Vice President of Operations. > �Akamai� received more than $8-million in initial financing, led by >Battery Ventures, based in Wellesley, Mass, and Polaris Venture >Partners, based in Boston and Seattle. > Polaris continues as an investor in �Akamai�, and as a venture >partner, Mr. Conrades will continue to offer advice and counsel as >well as serve on boards of directors of other Polaris companies. >Polaris is a premier venture capital firm that has been the lead >investor in a number of successful high-tech companies, such as >Powersoft, SolidWorks, Allaire and Decode Genetics. In addition to >Allaire, which had a successful IPO in January, 1999, other >Internet-related investments include Classifieds2000, which was sold >to Excite, and Eclipse Trading, the after-hours Internet stock >trading system. > Battery Ventures is a leading high tech venture capital firm >focused on the communications and software industries. The firm >recently closed on Battery Ventures V, LP and the Battery Ventures >Convergence Fund totaling $440 million. A sample of Battery's >investments include: Fore Systems, Nextel, Redstone, XCOM (Level 3), >HNC Software, Banyan, Aurum, Packet Engines, and Allegiance Telecom. >�Akamai� Technologies, Inc. is transforming the way that content is >distributed over the World Wide Web. �Akamai� Technologies -- >www.�akamai�.com -- is headquartered in Cambridge, Mass. �Akamai� >(pronounced Ah'kah'my) is Hawaiian for intelligent, clever and cool. >�Akamai� Technologies, Inc. Serving Webkind. Intelligently(sm). > > --30--ss/ny* > > CONTACT: �Akamai� Technologies, Inc., Cambridge > David Goodtree, 617/250-3080; david@�akamai�.com > or > NYPR, New York > Marco Greenberg, 212-367-9600; [EMAIL PROTECTED] > or > Polaris Ventures Partners, New York > Udayn Gupta or Dan Geist, 212-402-6801 > [EMAIL PROTECTED] > or > Battery Ventures > Todd Dagres, 781-996-1000; [EMAIL PROTECTED] > > KEYWORD: MASSACHUSETTS > INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED >INTERACTIVE/MULTIMEDIA/INTERNET MANAGEMENT CHANGES > >Today's News On The Net - Business Wire's full file on the Internet > with Hyperlinks to your home page. > URL: http://www.businesswire.com > > >Copyright 1999, Business Wire > ________________________________________ Nick Patience Internet Editor, ComputerWire Inc, New York, NY Ph: 212 677 0409 x18 Fx: 212 677 0463 http://www.computerwire.com See our free coverage of the Microsoft trial at: http://www.computerwire.com/msoft
