Enterasys names new CEO

Enterasys announced that Michael Fabiaschi will become the company's new CEO, immediately replacing Mark Asslet, who is leaving the company "to pursue other interests."

Fabiaschi comes from CA, where he was vice president of the fault and performance management software business. Previously, he was the CEO of network management vendor Aprisma, which was acquired by Concord Communications in 2005. CA bought Concord later that year.

Fabiaschi takes over Enterasys five months after it was announced that the company would be bought by The Gores Group and Tennenbaum Capital Partners -- two private investment firms -- for US$386 million. This sale closed March 1, 2006, when public trading of Enterasys stock stopped. Enterasys stockholders received the right to $13.92 per share.

Enterasys' products compete with offerings from vendors such as 3Com, Cisco, Extreme Networks, Foundry Networks, HP ProCurve, Nortel and Force10.

More about: 3Com, 3Com, Aprisma, Cisco, Concord Communications, Extreme Networks, Foundry Networks, HP, Nortel

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