Chicago and Sydney, Australia, November 30, 2007 — Open Kernel Labs, a global provider of embedded systems software and virtualization[
] technology announced Dennis Baer has joined the company as Chief Financial Officer. Baer is a financial executive whose management experience spans venture-backed start-ups to billion dollar public companies in the communications industry.
“Baers appointment follows OK Labs recent completion of its successful first round of financing,” said Steve Subar, co-founder and CEO of Open Kernel Labs. “Baers financial, operations, and industry experience will be essential elements in the strategic growth initiatives currently underway.”
Previously Baer was the Vice President of Finance for Spirent Communications Performance Analysis Division, its largest operating unit. Baer provided financial leadership and business decision support for this division. Earlier as the Director of Finance and Operations for Teradyne, Inc.s Broadband Test Division, Baer worked closely with finance, manufacturing, systems test, administration, and IT functions. He negotiated a number of profitable multimillion-dollar contracts with many of the worlds largest telecommunications providers.
Baer was also Vice President and CFO of Clear Communications, a venture backed supplier of telecom management software and services. While at Clear, Baer raised two rounds of funding and initiated a strategic marketing shift leading to significant revenue growth and profitability.
Baer began his career in the Telecommunications Division of Teradyne, Inc. holding positions as a Product Manager and a Division Controller. He has a Bachelor of Science in Business Administration from Boston University and a Master of Management in Accounting and Finance from the Kellogg Graduate School of Management at Northwestern University.
Open Kernel Labs
Open Kernel Labs technology leadership in embedded operating systems and virtualization technology enables the development of reliable, trustworthy and affordable devices. Backed by the largest, independent team of microkernel developers, OK Labs open-source microkernel operating system, OKL4, offers the highest proven performance combined with strong protection and security features in order to provide developers with a robust, open-source platform for building secure, differentiated embedded applications. For more information on OK Labs and its products visit www.ok-labs.com. OK Labs is a spin-out from NICTA, Australias pre-eminent Center of Excellence for information and communications technology
