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All Press Releases for November 15, 2001 Subscribe to this News Feed    
 

ORMA HEINONEN APPOINTED CEO OF NETSEAL TECHNOLOGIES

Espoo, Finland - November 12, 2001 - NetSeal Technologies -- a provider of next generation software for IP-mobility solutions to carriers, corporations and equipment manufacturers -- today announced the strengthening of its executive team through the appointment of Mr. Jorma Heinonen as its Chief Executive Officer.

JORMA HEINONEN APPOINTED CEO OF NETSEAL TECHNOLOGIES
New CEO brings strong expertise in global markets
          
Espoo, Finland - November 12, 2001 - NetSeal Technologies -- a provider of next generation software for IP-mobility solutions to carriers, corporations and equipment manufacturers -- today announced the strengthening of its executive team through the appointment of Mr. Jorma Heinonen as its Chief Executive Officer.
          
Mr. Heinonen succeeds the founder Mr. Panu Pietikäinen, who has been appointed Chief Technology Officer, a new position at NetSeal.
          
Mr. Heinonen was a senior executive vice president with Comptel Corporation (HEX:CTL1V), Finland, where he headed the company's Mediation Device Solutions (MDS) business. He was in charge of companys internationalization strategy and directed the companys successful strategic partner co-operation program. Prior to Comptel, Mr. Heinonen held key executive positions in information technology and telecommunications spanning more than two decades at Digital Equipment Corp. and other major technology companies.

"Jorma Heinonen brings to NetSeal a remarkable track record in managing the growth of information technology and telecommunications services aimed at international markets," said Mr. Petri Niemi, NetSeal's Chairman of the Board and Partner at CapMan Capital Management. "His vast experience and extensive relationships will provide vital links to market growth and development as NetSeal continues its expansion of innovative wireless solutions to international markets."
          
Mr. Simon Clark, Managing Director, Fidelity Ventures said, The secure mobile access and roaming market is growing very fast and NetSeal's innovations position it well to expand and increase revenues and market share."
       
"I'm excited to be joining NetSeal at this point in its corporate development; there is great potential for rapid growth and interesting high tech products to be introduced to the international markets", said Mr. Heinonen. "The goal will be to use my own recent experience in launching products and services for international telecom markets to open new doors for NetSeal's flagship wireless communications product, RoamMate and the concept of Mobile Private Networks. RoamMate will be most beneficial for the mobile users who will gain a constantly connected, secure and seamless Internet connection as a completely new service from their operators," commented Mr. Heinonen.
          
[About NetSeal Technologies]   
NetSeal Technologies is a fast growing Finnish software company that produces a unique Mobile Private Network (MPN) solution for the telecommunications industry and in corporate environments. Founded in 1996, the company is headquartered in Espoo, Finland. Operations are currently being expanded to international markets. The company's investors include Fidelity Ventures (www.fidelityventures.com) and CapMan Capital Management (www.capman.fi). NetSeal is an active member of the HP Bazaar, IETF and WECA industry organizations, influencing mobile IP and security standardization. For additional information, please visit www.netseal.com
          
[About MPN]   
The Mobile Private Network is a secure network environment that enables users to roam seamlessly between different wireless and wired line communication technologies. The network provides users with convenient, secure access to business critical data and applications.

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