Industry Veteran Michael Mansouri Succeeds InSpeed Founder Ed Basart as Chairman, CEO
Successful Serial Entrepreneur Brings Decades of Leadership Experience in
Global Technology Businesses to Network Optimization Startup
Business Wire
PALO ALTO, Calif. -- April 18, 2018
InSpeed Networks, the technology leader in network optimization, monitoring,
and security, today announced that Michael Mansouri has joined the company as
chairman and chief executive officer. Mansouri‘s successful track record in
fundraising, revenue generation and exits will significantly accelerate the
growth of the business.
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New InSpeed CEO Michael Mansouri (Photo: Doug Klein)
New InSpeed CEO Michael Mansouri (Photo: Doug Klein)
“While I’ve enjoyed four consecutive successful exits in the last 15 years, I
am excited to join InSpeed because of its enormous potential,” said Mansouri.
“The company’s unique, game-changing technology has already created
significant customer satisfaction in the lucrative enterprise and service
provider markets. It is a simple, yet elegant solution and masks the
complexity of network optimization, bringing significant savings, visibility
and security to organizations across many industries around the globe.”
The former CEO Ed Basart will stay on in a new role, as chief strategy
officer.
About the New Chairman & CEO Michael Mansouri
Mansouri has a long history of successful value creation for shareholders and
maximizing exit potential. As chairman, president and CEO of iPass, Inc., he
led the global roaming and security company which resulted in a successful
$1.8 billion exit in 2003. As president and CEO of OmniTrust Security Systems,
a content security provider, he sold to Heisei Denden of Japan in 2005.
Mansouri served as co-founder, chairman and CEO of Avalon Global Solutions, a
provider of managed mobility, telecom expense management and cybersecurity
services. He grew the company through international partnerships and
acquisitions until its sale in 2011 to Widepoint Communications and served as
CEO through 2013. He then served as CEO of a game-changing malware isolation
technology, which merged with the identity and access management division of
Aurionpro in 2016 to form Cyberinc. Mansouri served as the CEO of Cyberinc
through 2017 during his transition.
Quotes from InSpeed Executives and Funders
“Having Michael as my business partner will be a tremendous asset to the
company,” said founder and former CEO Ed Basart. “Michael has been through
this before many times, and his wisdom and expertise will be critical to our
growth and expansion.”
“We are very excited that Michael, a successful industry veteran, is joining
InSpeed. Along with Ed and the company’s great team, he will help transform
the company into an industry leader with significant growth potential,” said
Bobby Yazdani, chairman of Silicon Valley venture investment firm Cota Capita.
InSpeed’s Technology Is Set to Upset the IP Telephony Market
InSpeed’s technology has created a new type of cloud service, providing WAN
performance, quality, visibility and security on any Internet connection. The
key enabling technology, Dynamic Bandwidth Control, allows InSpeed’s service
to adapt in real time to network capacity changes while maintaining quality
and maximum throughput. The core technology is protected by a series of patent
applications. The service, which has been installed at hundreds of sites
beginning in 2017, is proven, reliable and beginning to scale. It delivers
clear voice, videoconferencing and responsive applications on a single
commodity Internet connection—benefits that are unique in the industry.
InSpeed’s “self-driving” nature is also new to the industry, with automated
deployment and self-configuration. Customers are provided a timeline view of
the service in action as it optimizes WAN throughput, and a simple graphical
report grading their Internet connection. Customers are delighted to know that
the service is resolving issues without their intervention, only informing
them when action is needed, such as restarting vendor equipment.
About InSpeed Networks
InSpeed Networks, founded in November 2014 by ShoreTel (SHOR) co-founder Ed
Basart, has introduced the first SD-WAN appliance specifically designed to
address the service quality, performance and security demands of voice over
IP, videoconferencing and distributed business applications. The company’s
breakthrough technology enhances network QoS, performance, security and
visibility while reducing network bandwidth costs by up to 75%. For more
information, visit http://www.michaelmansouri.com/
