2nd Apr 2007 07:00
ARC International (LSE:ARK) today announced a series oforganizational changes that reflect the company's rapid growth andevolution as the premier provider of media subsystems and configurablecores for high-growth embedded markets. ARC International alsoannounced today the acquisition of Teja Technologies, Inc, theindustry's leader in heterogeneous multi-processor software solutions.See related news release dated April 2, 2007 for more details. £ Derek Meyer has been appointed to Chief Operating Officer.Formerly Senior Vice President of Sales and Marketing, Meyer's newrole expands to include worldwide engineering activities as well asARC's technology initiatives. Executives reporting to Meyer includePaul Holt, who assumes the newly created role of Vice President ofProduct Development and Services, and David Doyle who will take therole of Vice President of Worldwide Field Operations. £ ARC also has created an "Office of the CTO" (Chief TechnologyOfficer) that includes: £ -- Dr. Akash Deshpande, the CTO and founder of Teja Technologies and a former professor at the University of California, Berkeley, £ -- Dr. Tom Pennello, the CTO and co-founder MetaWare, ARC's technical director of software technology, and a former professor at the University of California, Santa Cruz, £ -- Dr. Nigel Topham, ARC's chief architect, and the chair of Computer Systems and director of the Institute for Computing Systems Architecture at the University of Edinburgh. £ Dr. Deshpande, Dr. Pennello, and Dr. Topham report to Meyer. Thegroup's charter is to advance ARC's technology leadership andinnovation in the areas of configurability, multicore architecture andsoftware platforms. £ Commenting on the new organization, Carl Schlachte, ARC'spresident and CEO, said, "Fundamental to achieving continued growth inARC's lines of business is a comprehensive focus on customer service,technology and product development, and quality. These changes reflectmanagement's ongoing efforts to achieve these goals as well asrecognize the significant accomplishments of key members of ARC'ssenior leadership team. In particular, Derek's appointment to COO isrecognition of the instrumental role he played in helping craft andexecute our current strategy that has revitalized and enhanced ARC'spresence worldwide, and achieved record high revenues in 2006. Also, Iam pleased to welcome Akash to ARC and to the newly formed Office ofthe CTO. Akash, Tom, Nigel and their colleagues will play importantroles in building ARC's technical leadership throughout the worldwidesemiconductor industry." £ About ARC International plc £ ARC International is the world leader in configurable subsystemsand CPU/DSP processors that are used by semiconductor companiesworldwide to create system-on-chip (SoC) designs that provide astrategic competitive advantage. ARC's patented configurable productsare smaller, consume less power, are less expensive to manufacture,and provide a higher degree of differentiation over what can becreated using "fixed architecture" core alternatives. £ ARC International maintains a worldwide presence with corporateand research and development offices in California and Elstree, UK.For more information visit www.ARC.com. ARC International is listed onthe London Stock Exchange as ARC International plc (LSE:ARK). £ ARC and the ARC logo are trademarks or registered trademarks ofARC International. All other brands or product names contained hereinare the property of their respective owners. This press release maycontain certain "forward-looking statements" that involve risks anduncertainties, including the development, implementation, and releaseof features described herein. These are at the sole discretion of ARCInternational. Licenses from 3rd parties for certain software andessential patents may be required depending on licensee'suse/implementation. For other factors that could cause actual resultsto differ, visit the company's Website as well as the listingparticulars filed with the United Kingdom Listing Authority and theRegistrar of Companies in England and Wales. Copyright Business Wire 2007Related Shares:
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