CRANBURY, N.J., Aug. 9 /PRNewswire/ -- Ariel Corporation (Nasdaq: ADSP), a
leading supplier of open systems remote access solutions for ISPs and
Technical OEMs, today announced that it has appointed Esmond Goei as
vice-chairman of its Board of Directors. Mr. Goei brings more than 20 years
of experience in the telecommunications industry to Ariel, with particular
expertise in nurturing small companies to success and forging strategic
"Ariel has already developed the technology base and begun the creation of
key partnerships needed to succeed in the remote access marketplace," said
Esmond Goei. "I look forward to working with Ariel to broaden the strategic
partnerships needed to translate that technology leadership into market
"We're extremely pleased to have Esmond on board as vice-chairman,"
remarked Tony Agnello, chairman of the board at Ariel. "His experience
working with emerging telecommunications companies and his stellar connections
in the financial community should prove invaluable as Ariel continues its
focused strategies in ISP and technical OEM markets."
"Mr. Goei's successful track record guiding telecommunications startups
makes him a welcome addition to the Ariel board," added Jay H. Atlas,
President and CEO of Ariel. "Ariel's recently announced PowerPOP and AAA
initiatives have already been well received by the ISP and OEM remote access
communities. With Esmond's help, we will move quickly to take our efforts to
the next level."
Esmond Goei has co-founded five companies: TranSwitch Corporation, a
leading supplier of telecommunications chips; Transpac Capital, a global
venture capital management company; Nhancement Technologies, a leading CTI
systems integrator; Mayan Networks Corporation, a privately held
telecommunications startup; and XiMnet Corporation, an electronic commerce
Internet company. At each of these companies, he has been instrumental in
providing management, securing financing, and establishing key strategic
In 1986, Mr. Goei co-founded TransTech Venture Management, an
international venture capital management company, subsequently renamed
Transpac Capital in 1989. During his six-year stay, he oversaw operations in
the U.S., Taiwan, Singapore, Malaysia, and Hong Kong, and was responsible for
the majority of Transpac's U.S. investment gains as CEO for North American
operations. Funds under his co-management grew to over $150 million. He was
also responsible for transforming and securing turnaround financing a number
of ailing companies, including Digital Research, CliniCom, and Earth's Best.
In 1989, Mr. Goei, through TransTech, provided start-up financing for
TranSwitch Corporation with two other investors. While serving on the
company's board of directors, Mr. Goei guided the company through several
rounds of financing, which enabled the company to establish a solid
technological foundation. Today, the company is a leading supplier of ATM and
SONET chips with a market capitalization of over $600 million.
From 1989 through 1995, Mr. Goei also served as chairman of the board for
Centigram Corporation, taking the company public in 1991 and transforming the
company into a leading provider of integrated voice, fax, and email messaging
technology. Mr. Goei left the company in 1995 after having achieved record
annual revenue of $80 million with profits in excess of $7 million. In 1996,
Mr. Goei founded Nhancement Technologies, transforming the nearly bankrupt
Performance Factors into a profitable CTI systems integrator with sales of
more than $20 million.
Mr. Goei obtained his early telecommunications experience at Northern
Telecom, where he last served as director of the corporate Venture Capital
Division. Prior to that, he was vice president of the Venture Capital
Division at Toronto Dominion Bank and a senior systems consultant at Touche
Ross (now Deloitte Touche). Mr. Goei holds a bachelor's degree in electrical
engineering from the Queen's University at Kingston and a MBA from Canada's
prestigious University of Western Ontario.
More on Ariel
Ariel Corporation (Nasdaq: ADSP) is a leading provider of high-density
remote access plug-in cards for applications such as Internet access,
corporate Intranet/Extranet access, on-line services, telecommuting,
transaction processing, and unified messaging. Ariel's remote access products
make it easy for OEMs and system integrators targeting ISPs, corporate
enterprises and other service providers to add high-density remote access to
open systems platforms running a variety of popular operating systems,
including Windows NT and Linux.
Ariel's high-density remote access cards provide V.34, V.90-compatible
56K, and basic rate, ISDN remote dial-in, LAN dial-out, and Internet
back-haul. Available in ISA, PCI and CompactPCI formats, the cards connect to
T1, E1, ISDN, and POTS lines. Ariel's remote access products run Windows NT
and Linux out of the box. An SDK is available for OEMs who want to use
Ariel's remote access products with other operating systems.
For more information on Ariel products, please contact Ariel Corporation at
2540 Route 130, Cranbury, NJ 08512, Phone 609-860-2900. Fax 609-860-1155.
Email: email@example.com. World Wide Web: http://www.ariel.com.
SOURCE Ariel Corporation