Press release

Richard A. McGinn Appointed as Board Chairman of Kaloom

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Sponsored by Businesswire

Kaloom™, an emerging leader in the fully automated data-center networking software market today announced the recent appointment of Richard A. McGinn as Board Chairman.

McGinn is a prominent leader in the global communication systems, networking and technology industries, bringing more than 45 years of business management, financial and investment experience. He previously served as CEO of VeriFone Systems, Inc., one of the world’s largest point of sale terminal vendors and a leading provider of payment and commerce solutions, and CEO of Lucent, a multinational telecommunications equipment company. While at Lucent, McGinn oversaw and directed engineering, research and investments of more than $4 billion annually, and was involved in the acquisition of, or investment in, more than 30 technology companies.

McGinn was also a founder and Investor of Sky Capital from 2014 to 2016. Additionally, he was a General Partner of M.R. Investment Partners from 2010 to 2014 and of RRE Ventures from 2001 to 2010. McGinn holds a Bachelor of Arts from Grinnell College.

“As board chairman, my aim is to provide the leadership to establish an effective corporate governance function while providing a crucial outside perspective that will add value to its business initiatives and help to drive success,” said McGinn.

“We are very pleased and welcome Richard to lead our Board. His business acumen and experience as a chief executive as well investor will help us grow the company to the next level. His deep knowledge and background from networking businesses bodes well for us to help navigate Kaloom through its strong growth phase.” Said Laurent Marchand, CEO of Kaloom.

About Kaloom

Kaloom is an emerging company developing a fully automated, programmable data center networking software solution that will disrupt how cloud and data center networks are built, managed and operated for enterprises, cloud providers, gaming companies, data center operators and 5G wireless providers. Kaloom comprises technology veterans with proven track records of delivering large-scale networking, analytics and AI-based solutions for the world’s largest networks. The company is backed by leading investors including Fonds de solidarité FTQ and Somel Investments. Kaloom is based in the heart of the Quartier de l’innovation in Montreal, Quebec and in the Silicon Valley. For additional information visit www.kaloom.com.