Ventures News: Broadbus
Broadbus Appoints Communications Industry Veteran John C. Thibault to Board, Adds Gregg Grigaitis as Vice President of Product Management
Boxborough, Mass., April 2, 2003 - Broadbus Technologies, Inc. announced today new appointments to its board of directors and management team. John C. Thibault, a 27-year communications industry veteran, founder of GeoTel Communications Corp. and former Cisco Systems executive, has joined Broadbus board of directors. Gregg Grigaitis, a former executive at SeaChange International, joined the company as vice president of product management.
Broadbus will soon be launching a line of massively scalable server systems for video-on-demand (VOD), subscription video-on-demand (SVOD) and next-generation Television-on-Demand (TOD®) a service enabled by Broadbus servers making it possible for cable operators to deliver a virtually unlimited breadth of content on-demand, including live or pre-recorded broadcast television services, movie and subscription-based content, as well as full VCR functionality, all within in a rules-based programming environment as agreed upon by studios, distributors, and cable operators.
Thibault, with nearly three decades of communications industry experience, was previously senior vice president at Cisco Systems, and president, CEO and founder of GeoTel Communications Corp., which he led from a promising startup to an industry leader with more than 150 blue-chip customers and $2 billion in market capitalization, before its acquisition by Cisco. He also held positions as president and CEO of Coral Network Corp., senior vice president of Motorola's Codex division, and president and CEO of PBX manufacturer Intecom, Inc. He was the youngest vice president in the history of Wang Laboratories, where he served for more than 12 years, and was named The Massachusetts Telecom Councils "CEO of the Year in 1997 for leading GeoTel to one of the most successful initial public offerings of 1996. Most recently, Thibault served as chairman and CEO of Convergent Networks, an emerging growth technology company focused on developing next-generation switching solutions. Thibault joins Broadbus board members Todd Dagres and Carl Stjernfeldt of Battery Ventures, Santo Politi of Charles River Ventures, as well as Broadbus CEO Jeff Binder and Chief Architect Robert Scheffler.
Johns decision to join our board will be invaluable to us as we build Broadbus into a mainstream, next-generation video on demand company, said Broadbus Binder. His past achievements in building and managing successful technology companies will be critical in helping us accomplish our mission to be the leading supplier of server systems for on-demand television. In addition, Gregg Grigaitis broad experience working with major international and domestic cable operators to define VOD products and support active product trials will be key to our deployment of this new line of servers designed to support our cable customers current and future on-demand applications.
Grigaitis will be responsible for product strategy, product management, and customer deployment, reporting to Binder. He has over fifteen years of experience with telecommunications, wireless broadband, cable television and digital video providers, most recently serving as senior vice president at wireless broadband ISP WorkNet Communications. At digital video systems developer SeaChange International, he directed a multi-million dollar, international interactive television program, and served as general manager for the companys near video-on-demand (NVOD) and interactive hotel systems. Previously, he was director of information technology for The Cable Advertising Network; additionally, he held positions with Harmony Development and Southwestern Bell Telephone.
About Broadbus Technologies, Inc.:
Broadbus provides fully scalable VOD server systems designed to solve streaming scale, space, power consumption and live ingest issues for cable system operators deploying advanced video services, such as Video-on-Demand (VOD), Subscription VOD, and ultimately, full-scale Television-on-Demand (TOD). Broadbus offers an elegant migration path to the emerging TOD environment, while fully exploiting existing upgraded broadband networks. The companys revolutionary server architecture, based on the intelligent configuration and management of massive amounts of random-access-memory, enables operators to offer their subscribers unparalleled convenience, choice and control over their home entertainment. More information may be found at www.broadbus.com.
Broadbus and TOD are registered trademarks of Broadbus Technologies, Inc.