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VIVATO APPOINTS RAJ MATTHEW AS CHIEF FINANCIAL OFFICER
Veteran Finance Executive Joins Vivato's Executive Management
Team
SAN FRANCISCO, Calif. - April 7, 2004 - Vivato, a Wi-Fi
systems infrastructure company, announced today that Raj Matthew
has been named chief financial officer, assuming responsibility
for all aspects of the company's financial and administrative functions.
"Raj's expertise with emerging technology companies is particularly
relevant to our initiatives this year, which include introducing
our next-generation products as we continue to drive toward profitability,"
said Donald Stalter, Vivato's CEO. "I am confident that with
his extensive experience as a finance executive, Raj will be able
to contribute immediately to Vivato's objectives for 2004 and beyond."
Matthew has almost 20 years of finance experience at technology
and telecommunications companies, and has previously served as chief
financial officer at BuildPoint Corporation, Asanté Technologies
and PeopleWeb Communications, where he was also chief operating
officer. He served in financial management positions of increasing
responsibility at Conner-Seagate, PriceWaterhouseCoopers, BankAmerica
and Pacific Telesis Group. While at Pacific Telesis Group, he assisted
with the spin-off and subsequent initial public offering (IPO) of
PacTel Corporation as VodaPhone Airtouch. The VodaPhone Airtouch
IPO remains the fourth largest IPO in United States history.
"The opportunity to join Vivato, and to be a part of a team
that is redefining the applications of wireless deployments, appealed
to me both as a finance professional and as a technology veteran,"
said Matthew. "Vivato's technology takes Wi-Fi coverage to
the maximum and provides significant cost-savings to large-scale
deployments, such as cities, towns, ports, hotels and universities.
I look forward to working with the rest of the executive team to
achieve success in new and growing markets."
About Vivato
Vivato is a Wi-Fi systems infrastructure company with technology
that is based upon an innovative signal processing and antenna design.
Vivato's unique Wi-Fi base station enables cost-effective, large-scale
indoor and outdoor wireless deployments at hotels, airports, seaports,
warehouses, universities, and in cities and towns. Vivato is headquartered
in San Francisco, with a research and development center in Spokane,
Wash. For more information, please visit www.vivato.net
or call 415.495.1111.
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