“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.”