SANTA CLARA, Calif., June 19, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced the promotion of Ken Kiser to vice president of North American Service Provider sales. Mr. Kiser joined Foundry Networks in 2002 as a director of enterprise sales on the East Coast and was later promoted to vice president of sales for the East Coast. Under his new role, Mr. Kiser will report to Woody Akin, Foundry's senior vice president of worldwide sales, and will be responsible for Foundry's Metro and Carrier Ethernet Service Providers sales.
Mr. Kiser brings extensive sales management experience to Foundry and he has a proven track record in the Service Provider industry throughout his career. Starting with Bell Atlantic 20 years ago, he has risen to become a crucial member of Foundry's executive team. Prior to his new role at Foundry, Mr. Kiser held key sales and management positions with Force10 Networks, CacheFlow, and Bay Networks.
"The appointment of Ken to lead Foundry's Service Provider sales in North America is indicative of our growing success in this strategic market sector," said Mr. Akin. "Ken's experience and expertise in this market will help strengthen our Americas sales organization and further enable Foundry to continue advancing as a leading provider of high performance switching and routing solutions."
According to a Q1 2007 study by Infonetics Research, an international market research and consulting firm specializing in data networking and telecom, the IP core router, edge router and carrier Ethernet switch market is expected grow from $9.6 billion in 2006 to nearly $13 billion in 2010.
With a broad range of high performance routing and switching platforms, Foundry offers a complete and cohesive suite of service provider solutions and services including metro service providers, IPv4/IPv6 Internet routing, IPTV, VoIP, cable/MSO operators, carrier's carriers, IDC's, and IXP's. Multiple form factors for edge to core positions, advanced service enabling capabilities, and a variety of interface options facilitate the creation of flexible and converged end-to-end solutions. Built for addressing both current and future provider needs, these solutions offer service providers the ability to enable technologies and services incrementally. Leveraging fifth generation products with IPv6, MPLS, and MPLS VPN capabilities, service providers can achieve highly scalable core capacities, and maximize infrastructure longevity and protection on investment through Foundry's terabit-scale architecture that provides up to 2 Billion packets per second (Bpps) of high-touch routing performance in a single chassis. As the leader in performance and innovation, Foundry offers scalable, purpose-built solutions for each category to help service providers conserve capital and operating expenditures, while maximizing the value they can provide to their customers.
About Foundry Networks
Foundry Networks, Inc. (Nasdaq:FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, and metro routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynet.com.
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