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News Release from: Ignios
Edited by the Electronicstalk Editorial Team on 29 June 2004

Clucas brings experience to management team

Embedded SoC startup Ignios has signed up Rick Clucas as Chief Executive Officer.

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Embedded SoC startup Ignios has signed up Rick Clucas as Chief Executive Officer. Clucas brings to the role almost 20 years of experience in the markets for embedded software and chips, including a strong track record in managing and growing technology companies. "We are delighted to have Rick Clucas on board", commented Miki Granski from Ignios co-investor Alice Lab.

"Rick has a blend of commercial experience that is highly prized".

"He is one of those rare individuals that has actually founded a startup and taken it through to the significant revenue levels that underpinned a very successful IPO".

"Rick has an evangelical passion for truly innovative technology".

"What's more, he has a strong perspective on corporate finance and what drives a company's valuation", said Peter Beynon from Ignios co-investor BTG.

"I am really excited about the potential for Ignios", Clucas declared.

"When I first heard Ignios' proposition it resonated so strongly with my own views and experience that I had to find out more".

"Ignios is developing a truly innovative, commercially sound solution to one of the key challenges emerging in the embedded market".

"As multiple cores such as microprocessors, DSPs and other coprocessors are added onto a single chip, developing applications that can exploit the full capabilities of these potentially powerful devices becomes a significant challenge for software developers".

"With Ignios' SystemWeaver we can unlock that potential and deliver real value to the bottom-line profits of chip companies and their end customers".

Clucas was previously the first employee of Argonaut Software, ultimately serving on the board of directors and driving the spinoff of the configurable processor company ARC International.

At ARC, Clucas managed overall technical direction, sales and marketing functions, and was closely involved with the company's financing.

More recently Clucas was a director at investment bank Beeson Gregory.

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