Former CFO and Secretary of PictureTel Corporation brings his extensive experience in growing high tech companies to GeoVantage
Swampscott, MA, January 21, 2005 – GeoVantage today announced the appointment of Les Strauss to their Board of Directors. As a senior financial executive with an extensive background in high technology companies, Strauss will lend his expertise to help direct GeoVantage on its path of rapid growth.
In welcoming Strauss, GeoVantage President and CEO Staffan Ericsson stated, “Les has a wealth of experience in working with high-tech start-ups. By adding his voice to our board, GeoVantage will benefit greatly from his insightful guidance.”
Strauss retired in 1997 from the position of Chief Financial Officer (CFO) and Secretary at PictureTel Corporation, a market leader in video-conferencing equipment. During his seven-year tenure as CFO, PictureTel grew from $20 million to $480 million in revenues. Prior to joining PictureTel in 1990, Strauss served as a senior executive in various high technology firms, including Camex Corporation, a privately held venture backed company that was purchased by Dupont Corporation; The Adler Group, a New York based venture capital firm; two subsidiaries of Canada Development Corporation of Toronto, Canada; and Digital Equipment Corporation.
As a limited partner in a number of venture funds, Strauss has been asked to serve on the boards of several venture-backed start-ups. His former directorships include UUNET Technologies, where he served on the board until its merger with Metropolitan Fiber Systems, which subsequently merged with WorldCom Corporation.
About GeoVantage®, Inc.
GeoVantage (www.geovantage.com) leverages cutting-edge technology to deliver georegistered, orthorectified aerial imagery in full color and near infrared. To meet the unique remote sensing requirements of forestry, agriculture, urban planning and environmental management, GeoVantage custom flies each project. Twenty-two state-of-the-art sensors, composed of integrated GPS, inertial measurement units and 4-band digital cameras, along with integrated end-to-end workflow software, enable rapid response and worldwide geographic coverage.
