Former Nortel Networks executive, Steve Woods has been appointed vice president of Asia Pacific Operations for internet networking company Alteon WebSystems.
The appointment marks an increase in investment in the Australian, New Zealand and Asian markets for the three-year company, which recently raised $US76 million from an initial public offer in the US.
Alteon is increasing its presence in the region in order to serve its existing customer base and grow its revenues, Wood said.
Offices are currently being established in Melbourne and Sydney and according to Wood, Alteon hopes to have five Australian staff under its belt shortly.
"We expect revenues to rapidly increase here in Australia," Wood told TheWire.
In 1998, Asia Pacific represented about 12 per cent of Alteon's revenues.
Wood said Alteon already had quite a significant customer install base, with clients including Telstra, FreeOnline, and Pacific Access.
"Most of the ISPs (internet service providers) have had a look at our product," Wood said.
According to Wood, target markets for Alteon include ISPs, web hosting organisations, content providers, portal sites, e-commerce providers and enterprise customers.
Wood said Alteon will continue to work closely with its partners, Lidcam and Business Technologies who have been distributing products in the region for the past year.
Prior to joining Nortel Networks, Wood held positions with Bay Networks, Synoptics and MPA.