Axeda Welcomes Jack Sweeney as CEO

FOXBORO, Mass., Feb. 14, 2011 /PRNewswire/ -- Axeda Corporation, the leading cloud platform and applications company for connected products, today announced that Jack Sweeney has joined the company as chief executive officer.  A proven leader of fast-growth technology companies, Sweeney will shape Axeda's strategic business operations to scale and fully capitalize on the rapidly expanding machine-to-machine (M2M) market opportunity.

Sweeney brings over 20 years of experience as a technology entrepreneur and investor. He served as president and CEO of Apparent Networks for 3 years before his promotion to executive chairman. Previously, he held executive roles at EMC and Network Intelligence and has a stellar track record of successfully managing growth companies and capital investments in information technology markets.

"We are thrilled to have someone of Jack's professional caliber and experience joining our company," said Axeda founder, Dale Calder. "Jack is the right person at the right time for Axeda, helping us successfully capture our next phase of growth while continuing to deliver the service and innovation our customers and the M2M market have come to expect."

Calder, Axeda's founder and former CEO, will continue to evolve the vision and strategy for the company and keep Axeda at the forefront of industry thought leadership through speaking engagements, media relations, and his widely read blog: http://www.dalecalder.com.  

"The strength of Axeda's people, technology, blue-chip customer base, and partner ecosystem is impressive," said Sweeney. "It is very exciting to be a part of this incredible technology shift and to work with someone like Dale who has been a pioneer and driving force in the M2M market. Even with all of its success and broad market validation, I believe Axeda has just scratched the surface of its potential, and look forward to helping the company take full advantage of the next wave of opportunity."

About Axeda

Axeda Corporation is connecting the world's products. Its cloud platform and applications enable manufacturers, solution providers, and system integrators to rapidly connect, build, service, and extend powerful machine to machine (M2M) applications that drive new business models and revenue opportunities. More than 150 of the world's leading enterprises, including Agilent, Diebold, and EMC, rely on Axeda's VeriSign® Security certified solutions today. Join our developer community at: http://developer.axeda.com and learn more at www.axeda.com.

SOURCE Axeda Corporation

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