Laura Ring Joins Castile Ventures to Lead Strategic Relations; Castile Team Expands to Deploy Third Early-Stage It Fund
Posted on: Friday, 4 August 2006, 09:00 CDT
Castile Ventures has named Laura Ring to the new position of Vice President of Strategic Relations where she will leverage the firm's interactions with the entrepreneurial, business and investment communities. Laura will also be available to assist developing portfolio companies with their positioning and outreach. Castile manages three funds with investments including GeoTrust, whose e-commerce security products serve 100,000 customers and whose acquisition by VeriSign was recently announced; web-services performance management innovator Quantiva (acquired by NetScout Systems, NASDAQ: NTCT); VoIP market-leader Sonus Networks (NASDAQ: SONS); Stargus, a pre-eminent cable broadcast network solution provider, (acquired by C-COR, NASDAQ: CCBL); Ahura Corp, a leader in ultra-compact photonic systems where Castile was the lead investor; data compliance and security leader Network Intelligence; IP services quality solutions award-winner Brix Networks; and wireless LAN mobility trailblazer Trapeze Networks. Other market-transforming portfolio companies include ASPEED, Aurora Networks, Neah Power, Optiant, Sandbridge Technologies and SilverStorm Technologies.
"We are delighted Laura is joining our team as we deploy our third fund. Having known her as an active member of the community for years, we are very pleased to add another professional, high-energy team member," stated founder and partner Nina Saberi. "We are very proud of the achievements of our portfolio companies and Castile's strong track record and we will continue to expand our team to accommodate our growth."
Laura's entrepreneurial experience includes co-founding a venture-backed start-up which was the first on-line broker of services to growing companies and advising early-stage high tech companies as the Director of the High Tech Services Group at Coopers & Lybrand (now PricewaterhouseCoopers).
Laura's strong network in the high tech and business community results from having served as the Executive Director of the Mass Networks Communications Council (formerly the Mass Telecom Council), the Association for Corporate Growth, and the Application Service Provider Industry Consortium (now Comptia). She has remained connected to MIT's entrepreneurial community since graduating from the Sloan school with a MS in Finance and Operations.
About Castile Ventures
Founded in 1998 and managing three funds, Castile Ventures is an early-stage information technology venture capital firm investing in innovative enterprises developing future generations of enabling products and technologies for enterprises, service providers, and the mass market. Based in Waltham, Mass., Castile is distinguished by its partners' deep sector and business-building experience. The firm's signature is a high degree of value-added support delivered through lasting partnerships with entrepreneurs. For more information, visit www.castileventures.com.
Source: Business Wire
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