Crossbeam Systems Appoints Pete Fiore As New Chief Executive

Published 22nd June 2007

Experienced High-Tech Veteran to Drive Crossbeam to Next Stage in Rapid Growth Cycle...

Crossbeam Systems, Inc., the leader in enterprise- and carrier-class Unified Threat Management (UTM) solutions for the world's largest networks, has announced the appointment of Pete Fiore as its new president and chief executive officer (CEO). Fiore replaces former CEO Peter George, who led the company since 2001.

"Crossbeam has enjoyed enormous success to date in becoming a market leader, and Pete Fiore brings the expertise required to drive the company through its next phase of rapid growth," said Jeff McCarthy, general partner at North Bridge Venture Partners and member of the Crossbeam Board of Directors. "Pete has an enormous amount of operating experience and a proven record of leading high-growth emerging companies, as well as larger public companies. I'd also like to thank Peter George whose outstanding leadership has positioned the company well for continued growth and market expansion."

Fiore joins Crossbeam from IBM where he was a member of the company's extended senior leadership team. While at IBM, Fiore led the integration of Ascential Software Corporation into IBM and established a new business segment, generating more than $500 million in annual revenue. Previously, he served as president of Ascential Software, where he led the company through its transition to an independent public company with nearly $300 million in annual revenue and an eventual $1.1 billion acquisition by IBM. Under his leadership, Ascential also emerged as the revenue and market share leader in enterprise data integration.

"I am incredibly excited to be joining the team at Crossbeam and about the enormous opportunity ahead for the company. After five years of more than 75 percent year-over-year growth, Crossbeam offers a compelling combination of outstanding products, marquee customers and a vibrant partner ecosystem," Fiore said. "I am very impressed by what Crossbeam has achieved to date, and look forward to working with this talented group of people as we strive to deliver more innovation, growth and value for our customers and partners."