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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY / OCTOBER 6, 2003: VOL. 2 NO. 40
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Systems/Enterprise:
BEA CO-FOUNDER COLEMAN LAUNCHES
ENTERPRISE SOFTWARE START-UP
Cassatt Corporation, headed by former BEA chairman and CEO Bill Coleman,
announced its entry into the autonomic computing market. The company will
offer software and services to help enterprises implement agile business
architectures which adapt to meet changing workplace requirements.
Coleman, the chairman and CEO of Cassatt, has assembled a team of industry
veterans to lead the new company. The company is being funded by Warburg
Pincus, the global private equity firm. Terms of the investment were not
disclosed.
"We are entering a disruptive new phase of service-oriented,
commodity-based
enterprise computing," Coleman said. "Cassatt will help customers manage and
reduce the cost and complexity of their information technology infrastructure.
We will provide the systems and services that are critical to their business
success as this wave sweeps aside traditional computing environments."
"The shift to commodity computing is creating an opportunity for the next
major infrastructure software company," said Cary J. Davis, a Warburg Pincus
managing director and a director of Cassatt. "At Warburg Pincus, we take
advantage of these types of market discontinuities by working with outstanding
management teams, such as the group assembled by Bill Coleman, to build
durable enterprises."
The Cassatt management team is comprised of:
- William T. Coleman III, CEO and chairman -- founding CEO of BEA and former
head of Sun's professional services and software development.
- Brian Berliner, CTO -- award-winning author of popular open source CVS
software, co-founder and engineering leader at ChannelPoint and Allocity, he
previously held senior engineering positions at Sun, Prisma and Convex.
- Mark Forman, executive vice president, Worldwide Services -- most recently
E-Government innovator and CIO for the federal government and former leader in
e-business at Unisys and Global Services at IBM.
- Paul Hoffman, executive vice president, Worldwide Sales -- veteran
information technology sales executive formerly head of worldwide sales at
SeeBeyond and Documentum; he previously held senior sales management positions
at Oracle.
- Dave McAllister, vice president, Product Marketing -- open source
enterprise computing pioneer, former executive at NEC, Egenera and 3Ware, and
engineer and manager at SGI.
- Steven Oberlin, executive vice president, Product Development -- former
chief architect of Cray Research's distributed computing systems and
engineering vice president at Cray and SGI.
- Karen Willem, executive vice president and CFO -- most recently CFO of
iVast and previously CEO of Viewcentral, CFO at Brio, previously held senior
sales and financial management roles with Network Associates, Hewlett Packard,
Gupta and Ford.
"Warburg Pincus had a long and successful history with Bill Coleman at BEA
Systems," said William H. Janeway, a Warburg Pincus vice chairman. "We are
pleased to have the opportunity to back him again at Cassatt."
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