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Print Edition StoriesWednesday, October 21, 2009
Sensor firm Qualtré taps ex-3Com exec Masri as CEO, moves from Atlanta
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Former 3Com Corp. CEO Edgar Masri has surfaced as the new CEO for an inertial sensor company in Marlborough called Qualtré Inc. that has just taken $280,000 in funding from a securities and options deal, according to a federal document.
Based on a principal called “bulk acoustic wave,” Qualtré claims its inertial sensors are cheaper to make and more accurate than current sensors that are used in devices that incorporate motion control, such as game controllers and some smartphones.
The company was co-founded by CTO Farrokh Ayazi, also an associate professor in the School of Electrical and Computer Engineering at the Georgia Institute of Technology. The sensors are based on research done at Georgia Tech’s Integrated MEMS Laboratory, Ayazi’s research group within the school’s Center for MEMS and Microsystems Technologies.
In August of 2008, when Qualtré was based in Atlanta, the company raised $5 million from Waltham-based Matrix Partners. At the time, the CEO of Qualtré was Mike Slawson, who told the Atlanta Business Chronicle then that the company had no plans to relocate. He was listed as CEO of Qualtré as of May.
Masri joined 3Com in 2006 and was the architect behind a $2.2 billion proposed buyout by Bain Capital Partners LLC that failed in February of 2008. At the time published reports stated that one sticking point among the negotiations was the fate of Tipping Point, a division of 3Com that focuses on network security, particularly for governments.
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