Monday, April 24, 2006

Enterasys Appoints New CEO

Enterasys Networks announced the appointment of Michael Fabiaschi as President and CEO, replacing Mark Aslett, who left the company to pursue other interests. Fabiaschi joins Enterasys from CA (formerly Computer Associates), where he was a senior vice president responsible for launching its efforts in the telecommunications vertical and for its fault and performance management software business. Prior to CA, Fabiaschi was President and CEO of Aprisma, a fault and performance management company that was spun out from Enterasys in 2002 and bought by The Gores Group.

  • Earlier this year, The Gores Group and Tennenbaum Capital Partners acquired Enterasys for approximately $386 million. Enterasys develops and sells connectivity and security solutions for enterprise customers. The Enterasys product portfolio includes multilayer switches, core routers, WAN routers, wireless LANs, network management, and intrusion defense systems. Following the closing of the transaction, the company's current senior management team will continue to lead Enterasys and its corporate headquarters will remain in Andover, Massachusetts.

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