FastSoft Names J. Edward Snyder as CEO
PASADENA, CA – January 20, 2009 – FastSoft, Inc. today announced that its board of directors has named J. Edward Snyder to serve as the company’s chief executive officer.
Ed Snyder is a 20 year veteran in technology-based business management, with extensive P&L / CEO experience building top caliber management teams and leading a broad range of companies from start up through successful market growth to ongoing business viability. His varied background in network management, wireless, software infrastructure, hardware, and Internet content, makes him uniquely qualified to lead FastSoft to market success.
Most recently, Snyder founded and/or seed-funded several successful startups including Netboost (acquired by Intel, NASDAQ:INTC), Jibe Networks and Proxinet (as CEO) acquired by Puma Technologies. Prior to that, he was CEO of Beaverton, Oregon based ProTools, Inc. which was acquired by Network General in a pooling-of-interest merger. Earlier, Snyder was CEO of Alantec (Fremont, CA), a venture-backed company in the LAN switch business, which went public and was later acquired by Fore Systems.
After completing active duty as an Engineering Officer in the U. S. Navy, Snyder embarked on his career with TRW as a member of the Technical staff. Spending 14 years with TRW, he exited as Vice President and General Manager of TRW Information Networks Division which he founded as a commercial spin-out from a secure U.S. Government project. Snyder received his undergraduate (B.S.) and graduate education (Ph.D) in Control Systems Engineering at M.I.T.
California Institute of Technology Professor Steven Low, FastSoft’s co-founder and chairman, said that the FastSoft board unanimously selected Snyder based on his track record leading technology ventures, as well as his strong executive and personal qualities.
“Ed’s experience leading technology ventures to maximize shareholder value is outstanding,” said Low. “We are delighted to have Ed join FastSoft.”
Snyder said, “FastSoft’s technology has powerful benefits for the evolving worlds of cloud computing, software-as-a-service offerings, and Internet video distribution. The company has some outstanding talent and it’s a great honor to join its leadership team and have the opportunity to build on its success.”
About FastSoft
FastSoft was launched in 2006 to bring the benefits of Internet acceleration to businesses looking to speed the download and distribution of video and other digital content worldwide. The company’s patented FastTCP™ technology updates the leading Internet transfer protocol to enable speed increases of 3–5 and up to 30 times with no technology required on the receiving end. By enabling content to remain centralized as transfer times improve, FastSoft enables leading media & entertainment, content delivery service providers, finance, healthcare, government, technology and other enterprises to increase the value of the Internet for delivering products and services and centralizing global access to digital assets.