SOURCE: PeerApp Ltd.

PeerApp Ltd.

December 01, 2011 07:30 ET

PeerApp Appoints George Riedel to Board of Directors

Company Taps Experienced Telecoms and Networking Executive

NEWTON, MA--(Marketwire - Dec 1, 2011) - PeerApp, the leading provider of transparent caching platforms for Internet content delivery, today announced the addition of George Riedel to the company's board of directors.

Mr. Riedel brings to PeerApp extensive experience in global telecoms strategy and operations. As chief strategy officer and president of business units for Nortel, he was responsible for an unprecedented $4.5B sale of more than 6500 patents for the company as well the monetizing a dozen business units. Prior to joining Nortel, he was vice president, strategy and corporate development for Juniper Networks, leading a series of acquisitions that doubled the size of the company over two years. Previously, he was a director at McKinsey & Company where his career experience spanned 15 years building telecom and technology practices in Asia and North America.

"George Riedel is a valuable addition to our board," said Robert Mayer, chief executive officer, PeerApp. "His experience building multi-billion dollar network equipment businesses with tier 1 operators around the globe will be a tremendous asset to PeerApp as we leverage our strong market position for the next phase of our growth."

"With a best-in-class product line and a broad customer base PeerApp has established the leading position in transparent caching content delivery, which is critical for every major network operator to improve their economics and customer experience," commented Riedel. "I look forward to helping them achieve their aggressive growth ambitions."

About PeerApp Ltd.
PeerApp is the leading infrastructure provider of transparent Internet caching and content delivery platforms, enabling network operators to control rich media content, improve network efficiency, enhance subscribers' quality of experience, and offer new Internet content services. More than 200 operators in 60 countries have deployed PeerApp systems. PeerApp was founded in 2004 and is headquartered in Newton, Massachusetts, USA. For more information, visit

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