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Fortress Technologies
Appoints Veteran Technology and
Finance Executive Susan Venner as Chief Financial Officer
TAMPA, Fla.,
Feb. 28, 2002 - Fortress Technologies, a leading global provider of
infrastructure security solutions for 802.11 wireless networks, today announced
the appointment of Susan K. Venner as chief financial officer. Ms. Venner, who
brings to Fortress over 15 years of in-depth experience in finance and
operations with technology companies, will lead financial, legal, and human
resources functions.
Prior to her
appointment at Fortress, Ms. Venner was COO/CFO of RedCreek Communications, an
integrated hardware VPN company. She served as a key member of the executive
team that engineered the turn-around and sale of the Fremont, California company
to SonicWALL (Nasdaq:SNWL).
Prior to
RedCreek, she served as CFO for Simplexity, a Herndon, Virginia Internet telecom
procurement company where she successfully completed more than $45 million in
financings and several acquisitions.
Ms. Venner also
spent five years at Hewlett Packard where she managed finances for several
business units and served as controller at the E-Commerce Verifone division. A
degreed electrical engineer, she has also held positions managing IT and
Engineering divisions for Chevron Corporation.
"The
latest market research shows that 802.11 product shipments have continued to
grow even in the last quarter of 2001," said Shawn Hughes, Fortress' CEO.
"I'm pleased that we've attracted someone of Susan Venner's background and
talent to help us elevate the company to the next level and capitalize on the
enormous opportunity this market provides."
Ms. Venner
earned a BS in Engineering from Stevens Institute of Technology, Hoboken, NJ,
and an MBA from the University of California, Los Angeles.
About
Fortress Technologies
Fortress Technologies (http://www.fortresstech.com)
is a leading global provider of security products that eliminate the
vulnerabilities and increase the performance of Wireless Local Area Networks and
Fixed Wireless Networks. Fortress provides the missing element in today's 802.11
networks with the AirFortress(TM) Security Solution, which shields against
privacy invasions and unauthorized network access. Founded in 1995, the Tampa
Florida-based company uses open industry standards as the foundation of its
proven and validated Security Architecture and has earned certifications from
the National Institutes of Standards and Technologies and the Department of
Defense. Privately held, Fortress also offers a complete range of traditional
VPN products to address the security risks inherent in communicating over public
networks.
# # #
CONTACT:
The Pen Group, Coral Gables, Fla.
Irina Patterson/Alan Penchansky, 305/529-1944
alan@thepengroup.com
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