SAN DIEGO--(BUSINESS WIRE)--Aug. 21, 2017--
Inseego Corp. (NASDAQ: INSG), a leading global provider of mobile
broadband and software-as-a-service (“SaaS”) solutions for the Internet
of Things (“IoT”), announced that the Company has appointed Stephen
Smith as Executive Vice President and Chief Financial Officer.
"Steve Smith is a proven leader who brings a wealth of senior executive
experience and a track record of success in finance and operations in a
number of wireless and device technology companies,” said Dan Mondor,
President and Chief Executive Officer of Inseego. “His appointment
strengthens the Inseego management team and his contribution will be
instrumental as we continue to execute our strategy of cost savings and
growth initiatives."
Mr. Smith, 59, is a long-time San Diego native. Since 2016, he served as
a financial consultant serving multiple early and mid-stage SaaS,
Networking, and 3D Imaging businesses, and has served as interim CFO of
TetraVue Inc., a developer of high definition 4D LIDAR technology, since
February 2017. From 2012 to 2016 he served as Chief Financial Officer
and Head of Operations for Micropower Technologies, a private
equity-backed business engaged in the development and sale of platforms
enabling extreme low-power wireless video surveillance systems. From
2005 to 2012 he ran his own consulting business and also served as
President of XiTron Technologies, a development stage Biotech firm that
was sold to ImpediMed Ltd (ASX:IPD), a publicly-traded medical device
company. From 1999-2005, he served as Senior Vice President and Chief
Finance and Accounting Officer of Applied Micro Circuits Corporation
(NASDAQ: AMCC), a publicly-traded semiconductor company that designs
network and embedded power architecture, optical transport and storage
solutions. Mr. Smith previously held senior finance and accounting
positions with ST Microelectronics, Northern Telecom and Motorola. Mr.
Smith serves as a director of the Business Executive Council of San
Diego, and Niels Brock/CIBU, a Denmark based International Business
University. He holds a bachelor of science degree in accounting from
Arizona State University.
Tom Allen, who has served as the Company's Interim Chief Financial
Officer since May 16, 2017, will continue to provide consulting services
to the Company, including transition assistance to Mr. Smith in his new
role as CFO. Mondor continued, “I would like to thank Tom for his
invaluable contribution to the company during the planning and initial
implementation phase of our cost savings and growth initiatives.”
ABOUT INSEEGO CORP
Inseego Corp. (Nasdaq: INSG) is a leading global provider of
MiFi®-branded intelligent wireless solutions for the worldwide mobile
communications market and software-as-a-service (SaaS) and solutions for
the Internet of Things (IoT). The Company sells its telematics solutions
under the Ctrack brand, including its fleet management, asset tracking
and monitoring, stolen vehicle recovery, and usage-based insurance
platforms. Inseego Corp. also sells business connectivity solutions and
device management services through Inseego North America
(formerly Feeney Wireless). The Company is headquartered in San Diego,
California. www.inseego.com
Twitter @inseego
View source version on businesswire.com: http://www.businesswire.com/news/home/20170821005214/en/
Source: Inseego Corp.
Inseego Corp.
Heather Cottriel, 858-812-8050
heather.cottriel@inseego.com
