Wireless Matrix Board Appointee Brings Experience With Enterprise Software Companies & Early Stage Investing
13 Janvier 2009 - 3:00PM
Marketwired
Wireless Matrix Corporation (TSX: WRX) announced today that Ms.
Kirsten S. Morbeck has been appointed to the company's Board of
Directors, effective as of Jan. 12.
Ms. Morbeck is Managing Director of Warm Spring Partners, a
strategic venture firm. She has spent the past 12 years building
and investing in early stage technology companies, with focus on
three sectors: internet services, wireless and enterprise software.
Her investment track record includes investments in seven companies
that have gone public or been acquired including Tegic
Communications (AOL/Nuance mergers), InterNAP and Aquantive
(Microsoft merger).
Her venture experience includes senior positions with Mohr,
Davidow Ventures (MDV), and two successful regional venture funds.
She co-founded the Early Stage Investment Forum, served on the
Boards of both the Northwest Entrepreneur Network and Alliance of
Angels, and currently serves as a Strategic Adviser/Board Observer
to three venture-backed companies.
Operationally, Ms. Morbeck co-founded a stealth location-based
services company in 2007 that is backed by Shasta Ventures, MDV
& Bezos Expeditions. In addition, she has worked for Microsoft
and Lehman Brothers.
"As a leading location-based services company, Wireless Matrix
has a number of qualities that position it for continued success,"
Ms. Morbeck said. "The company's strong financials, leadership,
broad customer base with industry leaders, and the continued
evolution of its location- based services combine to provide a
platform for consistent future growth."
"Kirsten adds a wealth of business acumen and investment
experience to the Board of Directors," said J. Richard Carlson,
Wireless Matrix President and CEO. "Her focus on scaling wireless
and enterprise software companies will provide great benefit to the
company as we enter the next stage of growth. We're quite pleased
to welcome her to the Board."
Ms. Morbeck replaces J.G. ("Jeff") Lawson, who resigned from the
Board on Dec. 23. She is a graduate of Middlebury College with a
B.A. in Economics, Concentration in Applied Mathematics in
Sciences.
About Wireless Matrix
Wireless Matrix provides enterprise-class wireless data
solutions for business-critical mobile and remote asset operations.
The company delivers real-time data services across cellular,
satellite and WiFi networks; a variety of modems and hardware
platforms; and transportation applications that increase
productivity and reduce operating expenses with service fleet
operations. Wireless Matrix is headquartered in Reston, Va., and
has offices in San Francisco and Burnaby, British Columbia. For
more information visit www.wirelessmatrix.com.
Contacts: Wireless Matrix Corporation Maria C. Izurieta Investor
Relations (703) 262-4020 Email: Maria.Izurieta@wrx-us.com Wireless
Matrix Corporation Michael Jakab Sales (703) 262-4086 Email:
Mike.Jakab@wrx-us.com Wireless Matrix Corporation Mark Freeman
Marketing / Media Relations (703) 262-4024 Email:
Mark.Freeman@wrx-us.com Website: www.wirelessmatrix.com
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