Narad Networks, Inc., a provider of business broadband access solutions using MSOs' existing cable networks, today announced that it has completed its CEO search and has recruited James D. Norrod. Mr. Norrod, bringing 24 years of industry experience, has recently come from Telebit Corporation, a public company that manufactured and distributed high-end data communication equipment to enterprise markets. Norrod was brought in because of his customer-driven approach to management and his successful track record in leading data and telecom technology companies.

 "I see in Narad a terrific opportunity to support the cable operators in their approach to enterprise customers," said James Norrod, newly appointed chief executive officer of Narad Networks. "Narad has been preparing its products for very high reliability and performance, and offers the lightest touch to existing HFC networks. As the cable industry has been preparing for accelerated growth in the Commercial Services sector, Narad has developed business-class technology toolsets to help fuel this growth."

 Narad's business broadband technology leverages the cable operators' existing hybrid fiber coax (HFC) networks to deliver competitively priced data and voice services to commercial customers including small to medium sized businesses (SMBs), enterprise customers, WiFi network operators, schools, and municipalities, while minimizing capital expenditures and maximizing return on investment. Narad's solution addresses the large middle segment of the SMB market that cannot be adequately served by cable modems and cannot economically justify the high cost of constructing fiber.

"Having participated as an investor and a board member of Narad for the past four years, I can say that we are truly excited to be bringing Jim on-board, " said Bob Metcalfe, a partner at Polaris Venture Partners. "We are now poised for growth, and it looks like the cable industry is, too," said Metcalfe. "We are grateful to Narad's previous CEO, Craig Dynes, for preparing the company to pursue the exciting opportunities now before us."

About Narad Networks Narad Networks enables the delivery of profitable broadband IP services over the existing cable infrastructure by creating managed Virtual Fiber™ networks that minimize the operator's capital expenditure and maximize their return on investment. The company's solution utilizes the previously unusable frequency spectrum above 860MHz to overlay switched Ethernet capabilities onto existing HFC networks. The solution can be installed in phases, only adding equipment to those portions of the plant that lie directly between the node and the business customers to be served. Narad's solution enables cable operators to offer services such as enterprise internet access, virtual private networks, and telephony. Business customers include small-to-medium businesses (SMBs), mobile and WiFi operators, enterprise customers, schools and municipalities.

Founded in July 2000 and based in Westford, Massachusetts, Narad Networks is a privately held company with venture funding from Polaris Venture Partners, Argo Global Capital, and other leading venture capital firms and industry entrepreneurs. For more information, visit www.naradnetworks.com.