News Byte

Axcient Adds CFO From ShoreTel and Two VPs From WebEx

Axcient, a start-up that specializes in a hybrid data backup that keeps corporate systems running, said it has named John Finegan, the former CFO of ShoreTel and Cornerstone, as its new CFO. It also named Jeff Teddleton, a former exec with Cisco Systems unit WebEx, as its VP of Operations, and Pam Lyra, another WebEx veteran, as its VP of Customer Satisfaction.

Cisco Enterprise VP Alan Cohen Joins Stealthy Start-Up Nicira

The networking giant that’s lately been known for rebuilding itself and cutting its headcount is losing a senior executive to the stealth networking start-up Nicira.
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Juniper Engineering VP Joins Stealth Networking Start-Up Nicira

Juniper loses Rob Enns to the Andreessen Horowitz-backed start-up that aims to “virtualize the network.”

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ShoreTel FY Q4 Revs, EPS Top Estimates

ShoreTel posted better than expected results for its fiscal fourth quarter ended June 30. For the quarter, the company reported revenue of $32.4 million, down from $34.7 million a year ago, but up four percent sequentially, and ahead of the Street at $32.1 million. Non-GAAP profits of three cents a share beat the Street consensus of a penny a share.