VPIsystems Appoints Tito Sharma CEO

HOLMDEL, N.J. -- VPIsystems, Inc., the leading provider of network planning software and services for the global telecommunications industry, names Tito Sharma CEO. Tito takes on this role having most recently served as VPIsystems' CFO and Executive Vice President of Operations.

Over the past 15 years, Tito has held a number of senior executive positions in the telecommunications industry and led some of the most ground-breaking product innovations in the Operating Support System (OSS) space. In the late '90s, Tito served as a senior executive at Coreon, a company focused on networking OSS. Under his guidance, the company became one of the leaders in the end-to-end provisioning sector of the emerging carrier market. In 2002, Tito became CFO of Lemur Networks where he successfully led the development and roll-out of a major OSS platform deployed by large cable operators.

Tito brings significant experience and accomplishments to his new role at VPIsystems. He has a proven track record for establishing strategic direction, executing high-growth business plans, improving operating performance and articulating value and vision to customers and strategic partners.

"We are delighted to see Tito take charge as CEO," said Friedrich Bornikoel, Chairman of the Board and Managing Partner of TVM Capital. "His experience will allow VPIsystems to maintain its leadership in network planning and I look forward to him successfully extending VPIsystems' strategic reach in the wireless carrier market by delivering the most differentiated planning and analysis solutions available."

Tito holds a Bachelor of Science in Mathematics from Meerut University, Meerut, India; a Master of Science in Computer & Information Science with a concentration in Computer Networking from SUNY College of Technology; and a Master of Business Administration with a concentration in Finance from Syracuse University.

About VPIsystems, Inc.

VPIsystems, with its unique "One Network, One Plan" approach, is the leading provider of network planning and analysis software and services for the global telecommunications industry. VPIsystems' applications are strategic to communication service providers automating the capacity and network planning required to launch and deliver new high-bandwidth services. VPIsystems leverages a strong history of innovation and expertise in building network planning solutions. The company is headquartered in Holmdel, NJ, with offices in Europe, Asia, and Australia. For further information, visit us at www.vpisystems.com.