Ingrian Networks Appoints Industry Veteran

Mr. Steinkrauss comes to Ingrian Networks with over 25 years in executive leadership, having grown and led a number of successful ventures. For example, as CEO of Raptor Systems, he took the company public and led their growth to quarterly profits of $1.5 million. Raptor Systems was sold to Axent Technologies in 1998 for $240 million. He was also president and co-CEO of Xedia Corporation, where he oversaw revenue growth from zero to $21 million in two years and sold the company to Lucent Technologies for $246 million. In 1997, Steinkrauss was a finalist for the E&Y Entrepreneur of the Year award in the New England region. A veteran of the networking and security industries, Steinkrauss was previously chairman of the board of Authentica, a provider of content security software. He was also president and CEO of Taqua Systems, a leading provider of next-generation voice switching systems and technologies, where he raised $11.5 million in fourth round funding. Steinkrauss was also vice president and general manager of the WAN systems group at Lucent Technologies, overseeing a $200 million division with over 250 employees.