January 23, 2006 08:30 ET

Covergence Appoints Gregory Stott As CFO

MAYNARD, Mass.--(CCNMatthews - Jan 23, 2006) -

Covergence, the first company to deliver a unified security and management solution for applications and services based on the Session Initiation Protocol (SIP), today announced that it has named Gregory W. Stott, as its chief financial officer. Greg brings nearly 20 years' experience working with a variety of both private and public technology companies, most recently serving as vice president, finance, administration & treasurer of Telica, Inc. As Covergence's CFO, Greg will lead all financial operations and develop and implement a long-term financial strategy.

"Greg brings a unique mix of skills from his experience with both private and public companies to Covergence," said Bob O'Neil, CEO and president of Covergence. "The last year has been one of tremendous growth for us as a company with the launch of our flagship product Eclipse and the signing of both key customers and partners, all in support of our vision of a secure 'SIP access edge' for enterprises and service providers alike. Greg's impressive track record in guiding technology companies through crucial growth curves will be invaluable as Covergence ramps up its operations for our industry leading Eclipse family of products."

Greg comes to Covergence from Telica, a leading provider of Voice over Internet Protocol (VoIP) communication systems for next-generation networks, where he was responsible for all financial operations in his role as vice president of finance, administration & treasurer. Greg was also a key member of the senior management team responsible for the sale of Telica to Lucent Technologies. Prior to Telica, Greg held senior management positions at Agile Networks (acquired by Lucent); Leaf Systems (acquired by Scitex); and Leading Edge Products. Greg began his career as a Certified Public Accountant at Ernst & Young.

"I am excited to be joining the Covergence team at such an important time for the company," said Stott. "Under the leadership of its executive team, Covergence has clearly staked itself as the SIP security market leader. I look forward to working with this talented team, and adding my contributions on the financial operations side to help drive the company's evolution."

About Covergence

Covergence has developed the industry's first unified security and management solution for applications and services based on the Session Initiation Protocol (SIP). The Covergence Eclipse™ series of solutions provide the security, control, monitoring and interoperability necessary for deployment of real-time applications and services. For more information, visit

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