Movik Networks Adds Mobile Telecom Veteran to Drive Growth of Mobile Broadband Experience Technology

02/01/11
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LITTLETON, Mass.-- Feb. 1, 2011 --Movik Networks is publicly releasing technology designed to dramatically improve the mobile broadband experience. Movik’s Content Aware Edge (CAE) product line increases the efficiency and intelligence of mobile content delivery. Mobile networks powered by Movik’s technology, enable subscribers to have faster access to video, websites, social media sites, and other Internet-based applications.

“John will be a tremendous addition to the Movik team. His experience and industry knowledge will prove invaluable as Movik continues to develop their market opportunity worldwide”

In order to lead the company through this important growth phase, Movik announces the hiring of John St. Amand, an experienced and successful mobile telecommunications executive, as the company’s Chief Executive Officer.

“Mobile broadband usage is expanding at an enormous pace, with subscribers demanding instant access to content and applications over a wide variety of devices,” stated John St. Amand, Chief Executive Officer of Movik Networks. “I’m tremendously excited to join the Movik team as our operations scale to meet commitments to our growing customer base.”

Most recently, Mr. St. Amand was a Venture Partner with Highland Capital Partners where he specialized in working with companies focused on mobile technologies. Prior to Highland, Mr. St. Amand was President of Alcatel-Lucent’s (NYSE: ALU) Multi-Core Networks and Lucent Technologies’ Converge Core Networks (prior to the merger with Alcatel), Mr. St. Amand was responsible for managing multi-billion dollar businesses encompassing mobile and fixed core network elements from both companies.

Before Alcatel-Lucent, Mr. St. Amand was the Founder and CEO of Telica, which built mobile and fixed core switching equipment. The company secured more than 60 customers, including many incumbent operators around the world. Telica was acquired by Lucent in 2004 for $330 million.

“John will be a great asset to Movik. I had the pleasure of working closely with him as an investor in Telica and while he was with Highland. The opportunity for Movik is huge, and John is a proven winner that will help the company grow and scale as a market leader,” said Sean Dalton, General Partner at Highland Capital.

“The team and I are excited to have John on board,” explained Ramji Raghavan, founder and Chief Technology Officer of Movik Networks. “Movik has the potential to change the way content is delivered in mobile networks helping fulfill the promise of a true broadband user experience. Attracting John to the team is testament to the vision and success we have achieved to date.”

Movik Networks has received funding from North Bridge Venture Partners and Highland Capital Partners, who have backed some of the leading companies in the communications and technology sector, including companies like Starent, Sycamore, Cascade, Wellfleet, Arrowpoint, Sonus, Camiant, Telica, Lycos, Mapquest, and Avid.

The company is headquartered in Littleton, Massachusetts, USA with R&D and customer support groups located in Bangalore, India.

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