SOURCE: Stoke, Inc.

Stoke, Inc.

January 04, 2011 11:00 ET

Stoke Names Telecoms Industry Veteran Magnus Almquist as Vice President of Worldwide Sales

Appointment Supports Stoke's 2011 Growth Strategy Following Triple-Digit Revenue Growth in 2010

SANTA CLARA, CA--(Marketwire - January 4, 2011) - Mobile broadband gateway developer Stoke, Inc. today announced the appointment of Magnus Almquist as Vice President, Worldwide Sales. In this new role, Magnus will be responsible for the global sales effort and the expansion of the company's field sales organization, building on Stoke's accelerating momentum as a provider of innovative data service delivery solutions for mobile broadband operators.

During 2010, Stoke achieved triple digit revenue growth through customer engagements in North Asia, Europe and North America and passed its 200th shipment milestone ahead of target during the fourth quarter of the year. With demand growing for its solutions addressing the pressing needs of telecoms operators for services optimization, revenue creation and capacity expansion, the company is on track to double in size during 2011.

Magnus joins Stoke from Ericsson, where he was Head of Sales Development and Business Support for Product Area IP & Broadband. From early 2008 to end of 2009, Magnus was Senior Vice President, Worldwide Sales at Redback Networks, which was acquired by Ericsson in 2007, and held the role of Vice President, EMEA Sales, from 2005 to 2008. 

"We look forward to accelerating our current momentum even further with Magnus on board. With more than 20 years' leadership in worldwide telecom industry sales, he will be a tremendous asset to the company as we continue to expand," said Vikash Varma, Chief Executive Officer at Stoke. "Magnus has an impressive track record both in new business development and in growing successful field sales organizations. We are very pleased to welcome him to Stoke."

Magnus said, "Stoke has a compelling value proposition for mobile operators, enabling them to reduce cost, adapt to high data traffic growth, support new applications, and address rapidly changing usage patterns across 3G and 4G networks. The company is already making a difference in the industry and I am very excited to be part of the company's accelerating expansion."

Magnus' career also spans senior sales management roles in Cascade and Ascend (later acquired by Alcatel-Lucent), General Datacomm and Ascom Timeplex. Magnus is fluent in English, Spanish, French and Swedish and holds a MSc in Industrial and Management Engineering from the University of Linkoping in Sweden. 

About Stoke, Inc.
Stoke is the mobile industry's only transformation platform, delivering future-focused thinking and solutions for 3G mobile broadband and LTE core infrastructures. Stoke enables mobile operators, through the application of Business-Crossover™ thinking, to overcome limitations inherent in legacy approaches and architectures, helping them tackle the new realities of 3G mobile data service delivery today and successfully navigate their transition to 4G services platforms tomorrow. For more information, visit www.stoke.com.

Contact Information

  • Contact:
    Mary McEvoy Carroll for Stoke
    Email: Email Contact
    Tel: + 1 408 691 4283