ANDOVER, Mass. -- Enterasys Networks®, the Secure Networks Company, today announced the appointment of Michael Fabiaschi as President and Chief Executive Officer. He succeeds Mark Aslett, who left the company to pursue other interests.
Mark Stone, President of Operations for The Gores Group, LLC, a leader of the private investor group that purchased Enterasys in March 2006, said, Mikes successful track record of meeting customers and partners needs while driving revenue growth and profitability are exactly what will take Enterasys to the next level.
Mark Aslett and the entire management team at Enterasys built an outstanding foundation of intellectual property, products and solutions. Mike has the experience to unlock the value of this foundation and establish Enterasys as a clear industry leader. He has successfully mobilized organizations around customers and created cultures that are sales-driven, marketing-assisted and deliver on their promises, said Stone.
I see tremendous potential for growth in Enterasys, said Fabiaschi. My job is to strengthen and build our relationships with loyal customers and partners and bring the benefits of Secure Networks to new customers around the globe. Enterasys will live and breathe the mantra There is nothing more important than our customers.
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. Fabiaschi led Aprisma to 12 consecutive quarters of revenue and earnings growth.
Previously, Fabiaschi was Chairman, President and CEO of LPA/XELUS, a service and supply chain management software company serving the high-tech, transportation, aerospace and defense industries. He also served as President and CEO of Zamba/Racotek, a public wireless networking and CRM solutions provider. Rising from vice president of sales and service, he led Zamba, first as President and CEO and later as an outside director, to 10 consecutive quarters of record revenue and earnings growth. Prior to Zamba/Racotek, Fabiaschi held several senior sales positions at MAIBasic Four and Burroughs Corporation.
Enterasys Networks Inc. (NYSE: ETS)