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PRNewswire: OpenAvenue to Enable Next Wave of Open Source Acceptance

Dec 01, 1999, 18:14 (1 Talkback[s])

"Andrew Brown, president of CounterPoint Capital Management, L.L.C. and member of OpenAvenue's board of directors, today announced that OpenAvenue has completed formation of its management team and is now in its first round of post-incubation private placement financing. Created in July 1999, OpenAvenue is a privately-held, Web-based company specializing in the hosting, management, and distribution of collaborative software development projects. OpenAvenue provides a global collaborative infrastructure to aggregate the worldwide inventory of code, knowledge and expertise to support the evolution of community-based, open- source development...."

"The OpenAvenue management team is led by Paul Hessinger, CEO and chairman of the board. Hessinger has more than 25 years of industry experience, most recently as executive technology counsel to Andrew "Flip" Filipowski, CEO of PLATINUM technology, inc. Hessinger has also held executive positions at Computer Task Group, BMW/Softlab, Dynasty Technologies, and KnowledgeWare. Doug Warren, executive vice president of operations and CFO, joins OpenAvenue from ONTOS, where he was president. Earlier, he was CFO and acting general manager of Business Software Technology (acquired by LEGENT Corporation). Jayson Minard, executive vice president and CTO, is the co-founder and technical visionary of OpenAvenue's collaborative infrastructure. Minard has held senior positions at Novell and Inprise, where he was chief architect for the JBuilder(TM) project. Ray Evans, executive vice president of marketing, was a key participant in PLATINUM technology's successful launch of the industry's first infrastructure solution for application development. Jeffrey Fredrick is vice president of engineering and an OpenAvenue co-founder. Fredrick held management positions at AlphaBlox and Inprise, where he was a founding member of the JBuilder team."

Press Release