New CEO at Entropia

San Diego 04 May 2001 Robert North, founder and former CEO of San Diego-based HNC Software Inc. succeeds James Madsen as CEO of Entropia. Madsen will continue to serve in an advisory capacity.

Under North's tenure from 1987-1999, HNC Software grew from a start-up to a multimillion-dollar supplier of enterprise software with a staff of over 650 and annual revenues of $250 million by 2000.

During his tenure as president and CEO of Entropia, Madsen led the company through an explosive growth phase.

The seasoned technology veteran assembled a world-class senior management team, raised significant financial resources to fuel the company's growth, spearheaded the development of two generations of commercial software, and secured deployments at several customers to drive Entropia to a leadership position in distributed computing.

Entropia's Board of Directors also announced the promotion of co-founder and CTO Dr. Andrew Chien to chairman of the board, recognizing his outstanding contributions to the company. Dr. Chien has been instrumental in developing the vision and architecture of the Entropia platform and will continue to play a pivotal role in Entropia's ongoing business strategy.

As the company makes this transition to its growth phase in enterprise deployments, Entropia founder Scott Kurowski has announced that he will be leaving to pursue other entrepreneurial opportunities. Kurowski, widely recognized for pioneering modern, PC-based distributed computing, started the company in 1997 with the creation of the first commercial distributed computing network.

Kurowski played a leading role in Entropia's early development, building the publicly supported Internet Grid, and laying the groundwork for entering the enterprise market.


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