San Jose, Calif., Sept. 21, 2017 (GLOBE NEWSWIRE) -- NetSpeed Systems Inc. , announced today the appointments of Dipti Vachani to its board of directors and Penny Herscher to its advisory board.
Vachani is vice president in the Internet of Things Group and general manager of the Strategy and Solutions Engineering Division at Intel Corporation. Previously, she served as VP and GM of Power, Lighting and Display at Skyworks, a maker of analog semiconductors. Before that, she spent 17 years at Texas Instruments, rising to VP and GM of the Single Core Processors group, a multinational business unit consisting of ARM MPU, video security and DSP. While at TI, Vachani also led the creation of the company’s Sitara brand of ARM MPUs.
Herscher serves on four public company boards: Lumentum, Rambus, Faurecia SA and Verint Systems, and is Chairman at Savonix, a private startup. She was President & CEO of two technology companies, Simplex and FirstRain, over the last 20 years. She is an experienced technology CEO, based in Silicon Valley, who took her first company, Simplex Solutions, public and then sold it to Cadence Design Systems in 2002. She sold her second company, FirstRain, to Ignite Technologies in 2017. Prior to Simplex, Penny was a member of the executive leadership team at Synopsys from $0, through their IPO, to $400MM in revenue.
“NetSpeed is continually on the lookout for the right talent to take the company to the next level,” said Lip-Bu Tan, Chairman of Walden International. “That is why we are so pleased to have Dipti join the NetSpeed Board of Directors and Penny join the advisory board. In addition to her business acumen, Penny brings a strong commitment to creating a diverse workforce and a culture where everyone can thrive. Dipti brings strong technical leadership with a vision for how NetSpeed technology will help shape the future.”
"NetSpeed provides the kind of scalable and correct-by-construction SoC design platform that leading edge companies need," said Dipti Vachani. "The company takes an innovative approach to SoC design, using machine learning and advanced networking algorithms in a highly automated fashion. This enables OEMs to quickly and easily integrate IP from multiple sources, which is crucial for chip level innovation." “I am excited to be working with Dipti and Penny, certainly for the valuable experience and insights they bring, but also because they will help me shape the culture of the company. I have always been committed to inspiring young women to go into STEM fields, particularly technology, as my own mother encouraged me,” said Sundari Mitra, CEO and co-founder of NetSpeed Systems. “The way to do that is to create companies where women would like to work. Woman are drawn companies where there are other women, where there is equality, and where they can succeed.”
"I care passionately about equality and creating opportunity for everyone," said Penny Herscher. "There are so many opportunities, and the industry is in a ferocious battle for talent. We need more engineers. We need more talent. Women are just as capable of working in technology as men and they bring a different perspective and I think we need the diversity.”
About NetSpeed Systems
NetSpeed Systems provides scalable, coherent on-chip network IPs to SoC designers for a wide range of markets from mobile to high-performance computing and networking. NetSpeed's on-chip network platform delivers significant time-to-market advantages through a system-level approach, a high level of user-driven automation and state-of-the-art algorithms. NetSpeed Systems was founded in 2011 and is led by seasoned executives from the semiconductor and networking industries. The company is funded by top-tier investors from Silicon Valley. It is based in San Jose, California and has additional research and development facilities in Asia. For more information, visit www.netspeedsystems.com.
About Intel Capital
Intel Capital, Intel's strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US$12.2 billion in 1,480 companies worldwide, and 627 portfolio companies have gone public or been acquired. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel's customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.
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Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...fbbd871cab
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...4b7e80a661
Pauline Shulman NetSpeed Systems 415-375-0303 pauline@pshulman.com
