Legra names George McHorney to lead finance and operations


Legra names 27-year high tech veteran George McHorney to lead finance and operations


Burlington, Mass. (Mar. 22, 2004)?/Wi-Fi Technology News/- Legra High-tech finance and operational veteran George McHorney has joined wireless LAN switch vendor Legra Systems as its chief financial officer and vice president of operations, Legra announced today. McHorney is responsible for Legra?s financial operations, accounting, legal, manufacturing and general administration.

McHorney has built financial, sales and marketing operations at start-up companies and Fortune 500 corporations. He comes to Legra from Southborough, Mass.-based Sepaton, a developer of virtual tape library appliances, where he was CFO and interim CEO from 2002 to 2003. McHorney transformed the company by streamlining operations, securing $4.7 million in recapitilization funding, and led the company?s efforts in delivering its first commercial product to market. He also helped recruit and hire a permanent CEO. Prior to Sepaton, McHorney spent 31 years in finance, 26 of them in high tech.

McHorney?s tech career started at Data General Corp. in 1977, where he was controller of the North American sales division and responsible for the corporate financial planning process as director, corporate financial planning. In 1983 he moved to Wang Laboratories, where he served as corporate revenue controller and director, corporate financial planning before co-founding the Wang Microsystems Division. Serving as the division?s CFO, McHorney helped to build the engineering, sales, marketing, manufacturing, financial and administrative operations.

McHorney moved from Wang to Westboro, Mass.-based Coral Network Corporation in 1990. He built the company?s corporate infrastructure as vice president, finance and administration, CFO, secretary and treasurer. He led several rounds of fund-raising for the company and engineered the company?s 1994 sale. That year, McHorney became vice president, finance and operations, CFO, secretary and treasurer for Lexington, Mass.-based Workgroup Technology Corporation. He turned a $1.9 million loss in 1994 into a $1.5 million profit by 1996, and led the company through a $60.4 million initial public offering that year. From 1997 through 2002, McHorney held a combination of consulting and executive positions at several Boston-area companies, including interim CEO of CompuCyte and vice president, CFO and secretary of Excara, Inc., which was formerly PurchasingCenter.com.

?George has seen everything and done most of it in a high tech environment, from start ups to multinationals. He is exactly the kind of financial executive you need if you want to build a company of lasting value, and that is our goal at Legra,? said Legra CEO David Tolwinski. ?George will develop the infrastructure we need to support customers, partners and sales channels as we grow our company.?

About Legra Systems, Inc.
The Legra solution brings the ubiquity and security of a wired LAN to wireless networks by providing a secure and extensible platform ? the Legra Wireless LAN Switching Solution. Legra delivers the comprehensive security, maximum performance and flexibility needed for today?s wireless LAN networks and is based on an open platform, required for the delivery of future wireless features and services. Founded in 2002 by networking industry veterans, and funded by Kodiak Venture Partners, Genesis Partners, and Duchossois Technology Partners, Legra provides wireless networking solutions that are most like a wired LAN. More information can be found on the Web at http://www.legra.com.