« Back to Releases

Austin, TX – November 30, 2006 – Mirage Networks®, Inc, today announced that its board of directors has appointed Greg Stock president and CEO of the company. The board chose Greg Stock for his strong leadership skills, track record of success, and his commitment to Mirage Networks. He succeeds Toney Jennings, Mirage’s former chief executive officer, who has been named chairman of the company.

Greg Stock is a seasoned executive with nearly 20 years of experience in the technology industry. Greg has held significant leadership positions with both small and large companies and has led successful private financings, acquisitions and an initial public offering.

"We are very pleased to have Greg accept the position of CEO," said Martin Neath, general partner, Adams Capital. "It has been a pleasure to watch Greg help drive Mirage’s tremendous progress over the past three years. We are confident that Greg will provide a powerful vision for the future and deliver on that vision with a passionate focus on execution."

Mr. Stock originally joined Mirage Networks in September 2003 as chief marketing officer. Before his promotion to CEO, he was senior vice president, sales and marketing and, subsequently, executive vice president, worldwide operations.

During his three-year tenure, company revenues have grown by approximately 300% annually. The company currently supports more than 350 customers across 20 countries. The Mirage Channel First Partner Program consists of more than 120 value-added resellers, systems integrators and security firms. Mirage has also capitalized on strategic relationships with Mitsui, Extreme Networks and AT&T. The company recently expanded globally, putting offices in Europe and Asia. To date, ten patents have been applied for, the first of which was issued in October 2006.

Prior to Mirage Networks, Greg helped to propel Global Trade Management pioneer, Vastera, to the market leader with more than 10 times the revenue of its nearest competitor. Stock was instrumental in the company’s successful initial public offering in September 2000. Prior to Vastera, Stock had a six-year tenure with supply chain management leader, Manugistics, as he helped the company grow to approximately $200M in annual revenues. Stock also held key positions at IBM Corporation and Chrysler Motors.

“I am honored to accept the position of CEO for Mirage Networks,” said Greg Stock. “It has been rewarding to be a part of this company’s early success, and I look forward to building and expanding upon that success as Mirage continues to lead the network access control (NAC) market.”
Greg Stock will also join the Mirage Networks Board of Directors which includes Howard Schmidt, former chief information security officer for Microsoft and EBAY; Bill Bock, CFO of Silicon Labs; Martin Neath, general partner, Adams Capital; and Tim McAdam, general partner, Trinity Ventures.

About Mirage Networks

Mirage Networks, Inc. is the leading provider of Network Access Control (NAC) solutions. Mirage’s patented technology gives organizations control of all network devices, increases network uptime, ensures policy compliance, and reduces operational costs. Mirage’s NAC appliances work in all network environments, deploy virtually inline, and require neither signatures nor agents to enforce policy and terminate zero-day threats. Mirage Networks is a consistent winner of industry awards and recognition. Learn more about Mirage Networks at www.miragenetworks.com, or visit the Mirage CTO blog at www.mirageblog.com.

Contacts
Mirage Networks
Kate Fetty, 512-874-7834
kfetty@miragenetworks.com