Accedian Appoints Martin Lebeau as CFO & VP Finance

Montreal, QC, October 8th 2007 — Accedian Networks Inc., a leading provider of SLA Assurance and Ethernet Demarcation Devices, today announced the appointment of Martin Lebeau as Vice President Finance and Chief Financial Officer.

"Martin has a strong background in corporate finance, technologies, telecommunications, and venture capital," said Patrick Ostiguy, President and CEO of Accedian Networks. "We are delighted to welcome Martin to Accedian Networks, and look forward to him joining our senior management team to help guide Accedian through our next phase of growth."

Martin Lebeau joins Accedian Networks to direct the company’s financial strategy and efforts. Martin brings over 13 years of operational and financial experience with early-stage companies as an entrepreneur, in venture capital and in corporate finance. Lebeau's responsibilities include administering all aspects of financial activities and strategic planning at Accedian Networks.

"I am thrilled to be joining Accedian at such an exciting time in the Company's development," said Lebeau. "Accedian is operating in a captivating, high-growth market, and I look forward to working with management and the board of directors to oversee the Company's financial growth."

Prior to joining Accedian, he was a co-founder and Vice President Finance of a venture-backed company in the satellite telecommunications industry, a financial executive at iPerceptions, a venture-backed company servicing Fortune 500 clients in the web analytics industry, a senior associate at Telesystem Capital (now called Propulsion Ventures), an early-stage venture capital fund focused on IT and telecommunications, and manager of Corporate Development for a publicly-traded multimedia Company. Lebeau also consulted to Garage Technology Ventures Canada, an early stage venture capital fund, as its part-time Chief Financial Officer. He began his career at Ernst & Young in the audit and corporate finance groups.

Martin is a Chartered Accountant and is a member of the Ordre des comptables agrées du Québec since 1996. He has a Bachelors degree from École des Hautes Études Commerciales (HEC) and an MBA from McGill University in Montréal.

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Source and contact information:
Damien Ramé
Product Marketing Manager
Accedian Networks Inc.
Tel : 514 331-6181 (toll free : 1 866 685-8181)
Fax : 514 331-2210
Email: marketing-pr@accedian.com

About Accedian Networks:

Accedian Networks is located in Montreal, Canada and has a leading-edge expertise in the area of Ethernet Service Assurance and emerging OAM standards for Carrier-Grade Ethernet Services. Accedian's unique technology for Ethernet Service Assurance and OAM (Operations, Administration and Maintenance) uses an innovative, standards-based approach. Part of an Ethernet Service Assurance Platform (ESAP), Accedian's flagship product line, the EtherNID™ allows clearly defining, maintaining and assuring Ethernet Service Level Agreements from End-to-End. For additional information, visit: www.accedian.com or call 1-866-685-8181.

Accedian, EtherNID, SLA-meter, Performance Assurance Agent, PAA, Multi-SLA and “Map-out the Health of your Network” are trademarks of Accedian Networks Inc.

This release was published on openPR.