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Cisco Executive Joins Board of Directors of InfoGear Technology Corporation

Strategic Insights

— 1 min read

Cisco Systems' senior vice president, Charles Giancarlo, has been appointed to the board of directors at InfoGear Technology Corporation, a leader in network-centric technology and services for Internet appliances. This move is part of a series of strategic investments made by InfoGear, including a $12 million funding round led by Cisco Systems, Intel Corporation, and MediaOne Ventures. The investments aim to accelerate InfoGear's leadership in the growing Internet appliance and related services market.

Key Takeaways:

  • Charles Giancarlo, senior vice president at Cisco Systems, has joined the board of directors at InfoGear Technology Corporation, bringing industry expertise to the company.
  • InfoGear has secured $12 million in Preferred B Financing from major corporate investors Cisco Systems, Intel Corporation, and MediaOne Ventures, as well as existing investors.
  • The funding will be used to accelerate InfoGear's leadership in the Internet appliance and related services market.
  • InfoGear's innovative technology and solutions aim to deliver easy-to-use devices to consumers, with a focus on the burgeoning market for Internet appliances.
  • Intel Corporation has expressed interest in helping ensure that a wide range of Internet services are available to consumers through InfoGear's solutions.
  • MediaOne Ventures has backed InfoGear as a leader in webphone-enabling technology, recognizing the company's potential to take advantage of the expected growth in the Internet appliance market.
  • InfoGear's president and CEO, Ed Cluss, has stated that the company will continue to set the pace with its software, services, and technology, leveraging the strategic investments made.

Statistics:

  • $12 million: the amount of funding secured by InfoGear from major corporate investors and existing investors.
  • 3: the number of major corporate investors that have backed InfoGear, including Cisco Systems, Intel Corporation, and MediaOne Ventures.
  • 5: the number of years that InfoGear has been in operation since its founding in 1995.
  • Award-winning: the description of the iPhone, InfoGear's Internet screenphone, which is currently distributed in several countries.

Sources:

  • PRNewswire, "InfoGear Technology Corporation Secures $12 Million in Preferred B Financing" (June 21)
  • InfoGear Technology Corporation press release, "Charles Giancarlo Joins Board of Directors" (no date provided)

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