Monday, August 4, 2008

SiCortex taps Stone as new CEO

By Mass High Tech Staff

Maynard-based high performance computing technology developer SiCortex Inc. has appointed former StreamServe Inc. executive Christopher Stone to the post of CEO.

Stone, who held the CEO position at Burlington-based enterprise document management company StreamServe from 2005 to May of this year, will take over for John Mucci, the founding CEO of the company. Mucci will continue to serve on the SiCortex board of directors.

According to SiCortex investor and board member Bob Metcalfe of Polaris Venture Partners, Stone’s experience is expected to help “translate technology differentiation into financial success.”

Prior to his tenure at StreamServe, Stone spent seven years at Novell Inc., culminating in his appointment as vice chairman in the office of the CEO. He also served as CEO of software development standardization group Object Management Corp. from 1989 to 1996, where he and his team are credited with inventing COBRA, a distributed computing and object technology standard used universally in the technology sector.

Founded in 2003, SiCortex has developed a “plug and play” high performance computing architecture that can provide a complete, open source cluster node on a single chip, while keeping power consumption low. The company aims to make cluster computing power available to all kinds of researchers, regardless of their access to large systems at national laboratories or other sites.

The company has raised a total of $52 million in equity and debt funding, the most recent coming last July, when it pulled in $10 million in debt funding. Investors include Waltham-based Polaris Venture Partners, Cambridge-based Flagship Ventures, Needham-based Prism Venture Partners, and Chicago-based JK&B Capital.