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Feb-19-2008 09:34printcomments

Kentrox Appoints New Chief Executive Officer

Communications Industry Veteran Richard Cremona to Focus on Kentrox's Continued Growth.

Kentrox has named Richard S. Cremona as the company's new Chief Executive Officer, and Charlie Vogt as Chairman of the Board.
Kentrox has named Richard S. Cremona as the company's new Chief Executive Officer, and Charlie Vogt as Chairman of the Board.

(HILLSBORO, Ore.) - The Board of Directors of Kentrox, Inc., an industry leader for automated network maintenance, management and control solutions for mobile service providers and large business enterprises, announced today that it has appointed Richard S. Cremona as the company's new Chief Executive Officer. He also has joined the Kentrox Board of Directors.

Cremona, a 20-year telecommunications industry veteran has held executive positions with AT&T, Lucent Technologies, Sprint and, most recently, Openwave. His extensive professional background includes leadership roles in Sales, Marketing, Customer Care, Technical Support, Operations, Human Resources and International Business Development.

The Board of Directors also announced today that it has appointed Charlie Vogt as Chairman of the Board. Vogt has been affiliated with Kentrox as a board member for the past 18 months and is the current President and CEO of GENBAND, a market leading Media Gateway and Application solutions provider.

Over the past 12 months, Kentrox has made two significant strategic acquisitions -- Applied Innovation Inc. and the Optima assets from DAX Technologies Corp. -- that allow the company to address the complex and growing needs of service providers around the world. Today, Kentrox has major facilities in the Portland, Oregon, Columbus, Ohio and New York metropolitan areas.

"We are excited to bring Rich on board, as he brings to Kentrox a wealth of senior executive experience that will be invaluable as the company continues to execute its growth initiatives," said Anand Radhakrishnan, a member of the Board of Directors of Kentrox, and a Principal at Investcorp Technology Partners, the majority shareholder of Kentrox. "We believe our recent acquisitions enable Kentrox to create a compelling solution for service providers in the area of management and control of their infrastructure."

About Kentrox, Inc.

For over 40 years, Kentrox has been a trusted partner to network operators. Kentrox offers high quality, network enhancing infrastructure solutions that enable mobile network operators to reduce costs, retain customers, and increase revenue. The product portfolio includes; automated cell site maintenance, management and control solutions as well as the award winning CrossPATH, W1100 Wireless WAN Gateway and Remote Access products for access, mobile backhaul, traffic aggregation, site monitoring, and network and physical element control. Kentrox has major operations in Hillsboro, Oregon, Dublin, Ohio and Hazlet, New Jersey. For more information, please visit kentrox.com.

About Investcorp Technology Partners

Based in New York and London, Investcorp Technology Partners is a private equity investor in growing technology businesses. Investcorp Technology Partners manages three funds with over $1 billion in commitments. Investcorp Technology Partners is a line of business of Investcorp, a leading, global provider of alternative investments, which had more than $15 billion in invested assets under management in private equity, real estate and hedge funds as of December 31, 2007. Investcorp has offices in New York, London and Bahrain and is publicly listed on the London Stock Exchange (IVC) and Bahrain Stock Exchange (INVCORP). Additional information on Investcorp can be found at investcorp.com.

Source: Kentrox, Inc.




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