Redwood City, Calif. (May 24, 2004) - SEVEN Networks, Inc. announced today that Thomas Hoster has joined the company as chief financial officer and will be responsible for SEVEN's finance and administration activities. He brings more than 30 years of finance experience to SEVEN, with a strong focus on the wireless and telecommunications industry, and direct experience working with mobile operators.
Hoster comes to SEVEN from @Road, a leading provider of mobile resource management services, where he served as chief financial officer and senior vice president and was responsible for all finance activities. At @Road, Hoster took the company public in the difficult capital markets of late 2000, and built the @Road finance function as the company grew from modest revenues to an annual run rate of more than $70 million. Under Hoster's leadership, the company turned cash flow positive and profitable, and completed a $91 million secondary offering of common stock in 2003. Prior to @Road, Hoster was senior vice president and CFO of GetSmart, a leading provider of consumer financial services over the Internet, offering consumers mortgages, credit cards and auto loans. He has held executive positions with ClickAction, a publicly held e-marketing and software company, and Octel Communications, the leading provider of voicemail systems. Hoster additionally has 15 years of banking experience.
"The SEVEN opportunity was one that could not be missed," said Hoster. "SEVEN has innovative technology and partners with some of the world's largest mobile operators to deliver in-demand mobile email services. I look forward to working with the team to help SEVEN achieve further success."
In March, SEVEN announced that Kent Thexton had joined the company as president and co-CEO. Thexton joined SEVEN from leading UK mobile operator O2, where he most recently served as chief data and marketing officer, president of O2 Online and a member of the board of directors.
"With Tom and Kent on board, SEVEN is well-positioned with one of the more experienced management teams in the wireless data industry. They are both proven executives, responsible for helping their former companies grow wireless services worldwide," said Bill Nguyen, founder, chairman and co-CEO of SEVEN. "Tom is a perfect fit for SEVEN - his extensive financial background, combined with his wireless experience and leadership, will be a great asset."
About SEVEN
SEVEN is a leading global provider of software that enables
mobile operators to offer their subscribers secure,
low-cost, real-time access to critical information
including business and personal email and applications.
SEVEN is available as Personal Edition for individuals, and
Server Edition and Enterprise Edition for businesses. Our
software supports a wide variety of device platforms,
including BREW-, J2ME-, Microsoft Pocket PC-, Microsoft
Smartphone 2003-, Palm OS- and Symbian-based phones-, and
is currently compatible with handheld devices manufactured
by Hitachi, HTC, Motorola, palmOne, Sanyo, Samsung, Sony
Ericsson and Toshiba-, SEVEN is available today across
major international network standards, and is sold by
Cingular Wireless, KDDI Corp., NTT DoCoMo, O2, Orange, The
SingTel Group and Sprint. SEVEN is a global company
headquartered in Redwood City, CA.
Media Contact:
Kate O' Sullivan - SEVEN
+ 1 415 307 3148
kate@seven.com