Formerly engaged in the development of web-based organization and collaboration software, Foldera, Inc. yesterday proclaimed its intent to change the entire face of the company. In the next few weeks, the company plans to enact a series of changes which include a new company name, trading symbol, corporate strategy, management team, and market direction.
Foldera will henceforth be known as CeCors, Inc., derived from an acronym for carrier Ethernet core switch, which is precisely the technology to be commercialized by the new organization. New members of the board include Ananda Perera (CTO) and Sri Chaganty (VP Software Dev.), who collectively hold a dozen patents in the development of high-density, carrier-grade 10-gigabit Ethernet switch technology.
CeCors, Inc. will be competing in this new market with what they call the ‘new standard’ – the first-ever, 288 10-gigabit port Ethernet switch. This product is scheduled for launch at the National Association of Broadcasters Show in Las Vegas in April of next year.
In a closing statement to shareholders, CEO Jim Fiedler and senior VP Hugh Dunkerley offered these encouraging words: “Strengthened by a new strategic direction and a solid, experienced management team, CeCors has a renewed purpose, vitality and increased opportunities for growth. It is a privilege to be a part of this Company going into what we strongly believe to be an exciting and rewarding future.”
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