03.03.2010 11:01:00
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Openwave Appoints New Chief Financial Officer
Openwave Systems Inc. (Nasdaq:OPWV), a global software innovator delivering context-aware mediation and messaging solutions, today announced the appointment of Anne Brennan as chief financial officer. Brennan replaces Karen Willem, who resigned from Openwave effective March 31, 2010.
With more than 20 years of experience in corporate finance, Brennan most recently served as Openwave's vice president of finance, and also served as Openwave’s interim CFO in early 2008. Effective April 1, Brennan will become Openwave’s CFO and report to Openwave CEO Ken Denman.
"Anne’s extensive financial and business acumen and in-depth knowledge of Openwave will be key assets to the management team. We look forward to her continued financial leadership,” said Ken Denman, CEO, Openwave. "On behalf of our Board of Directors and the company, I want to thank Karen for her service to Openwave and professionalism in ensuring a smooth transition. Karen has set a firm financial foundation for Openwave, bringing aggressive and prudent expense control to our business and tight financial controls that will continue to be driven forward by Anne’s leadership.”
"Since I arrived at Openwave, the company has returned to financial health and the G&A divisions, particularly finance, have been restored to high caliber functions. In addition, I have had the opportunity to help train an internal successor,” said Willem. "The company is now profitable, debt-free and cash flow positive. With those items accomplished, it seems fitting I transition to another challenge.”
Brennan has been with Openwave for the past nine years, initially located in the company’s EMEA office before joining the corporate finance team at the company's headquarters in 2005. Before joining Openwave, Anne had a long career with Racal Group where she held various financial positions.
About Openwave
Openwave Systems Inc. (Nasdaq:OPWV) is a global software innovator delivering context-aware mediation and messaging solutions that enable communication service providers and the broader ecosystem to create and deliver smarter services.
Building on its mobile data heritage, Openwave mobilizes the Internet with predictive solutions fueled by real-time analytics that mediate among all different ecosystem elements, enhancing every mode of IP traffic. The result can provide customers with a 360-degree view of their network, devices and services, and enables them to proactively optimize network resources, quickly launch smart mobile services, and provide a contextually relevant user experience.
Openwave is a global company with a blue chip customer base spanning North America, Latin America, Australia and New Zealand, Asia, Africa, Europe, and the Middle East. Openwave is headquartered in Redwood City, California. For more information please visit www.openwave.com.
Openwave is a trademark of Openwave Systems Inc. All other trademarks are the properties of their respective owners.
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