SOURCE: Network Equipment Technologies

March 18, 2008 09:00 ET

Network Equipment Technologies Names John Steeg as Vice President, North American Enterprise

FREMONT, CA--(Marketwire - March 18, 2008) - Network Equipment Technologies, Inc. (NYSE: NWK), a global provider of multi-service network and voice exchange solutions for enterprise and government customers, announced today the appointment of John (Jack) Steeg as Vice President of North American Enterprise. Mr. Steeg, who has more than 35 years of experience in executive leadership and sales roles, will lead NET's enterprise sales force as the company strives to become a market leader in unified communications.

"In our search for a VP, we were looking for someone with deep solutions-based selling experience who could accelerate the growth of our enterprise solutions. We are confident in Jack's track record of success in solution sales, combined with his experience in motivating and directing sales teams," said Nick Keating, NET's President and CEO. "We're pleased to welcome Jack to our team, where he will have a key role in building NET's position in the market."

Mr. Steeg has held senior management positions at a number of high profile technology companies, including NCR and DELL, Unisys, and several startups. Mr. Steeg started his career with NCR as a programmer/analyst. During his 26-year tenure at NCR Jack held positions in services, product marketing, and sales, leading to roles as VP of Community Banking, Financial Systems Division and later VP Worldwide Partners. In this last role he achieved 18 of 20 successful 100% club awards. Recruited by Dell in 1997, he moved to Austin, Texas, where he resides today with his wife and two teenage children. At Dell he started the Alliance Marketing Organization and helped Dell become the leader in the server business within a three-year period. While at Dell, Mr. Steeg also ran the Internet Sales Division focused on hosting providers.

"Throughout my career, I have worked for technology companies that were well positioned in rapidly emerging growth areas. Unified communications is changing the way enterprises purchase telephony capabilities, and early adopters are experiencing significant return on investment as well as improvements and enhancements to customer service and productivity. I am confident that this market is poised for growth, so joining NET was an easy decision for me," said Mr. Steeg. "I'm looking forward to being a part of the strong management team at NET, and most importantly, helping the company position itself as a clear technology leader in this rapidly emerging marketplace."

About Network Equipment Technologies, Inc.

For nearly a quarter of a century, Network Equipment Technologies, Inc. (NYSE: NWK) has provided voice and data communications equipment for multi-service networks requiring high degrees of versatility, interoperability, security and performance. NET's broad family of products are purpose-built for mixed-service, multi-protocol networks; bandwidth-sensitive site communications; high-performance, security-sensitive transmissions; and converged communications. The company's NX Series for network exchange solutions and VX Series for voice exchange solutions enable interoperability and integration with existing networks for seamless migration to secure IP-based voice and data communications. In addition, Quintum, a subsidiary of NET, delivers VoIP access solutions that bring the reliability and voice clarity of public telephone networks to Internet telephony.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, relating to the market for enterprise networking equipment and the company's future position in such market. Investors are cautioned that such statements are based on current expectations, forecasts and assumptions that involve risks and uncertainty that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that could affect such results include technological changes, new competition, timely completion of product development initiatives, market acceptance for our new products, and our ability to commercialize new products and product enhancements. For more information, visit www.net.com.

Contact Information

  • Company Contact:
    Network Equipment Technologies, Inc.
    Leigh Salvo
    (510) 232-8522
    Email Contact