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Outerlink Corporation's Board of Directors Elevates Steven J. Durante to Chief Executive Officer

4th December 2008 - 05:02 GMT | by The Shephard News Team


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Outerlink Corporation, a leading provider of satellite-based mobile asset management solutions, announced today that it has elevated acting Chief Executive Officer Steve Durante to Chief Executive Officer. Mr. Durante has also joined the Company's Board of Directors.

Mr. Durante has been involved with Outerlink since March of 2007 and was an architect of the buyout of the Company from Digital Angel Corporation in July 2007. Since July 2007 Mr. Durante has been an advisor to the Company's management team and to the Company's Board of Directors. In this role Mr. Durante focused on strategic planning, strategy and logistics planning. In July 2008, at the Board of Directors' request, Mr. Durante joined the Company's management team first as Chief Operating Officer and soon thereafter was named acting CEO. At its October board meeting the Company's directors removed "acting" from his title and added Mr. Durante to the Board.

Since 2003, as a Managing Director of MetaCapita Venture Partners, Mr. Durante has been an advisor to early and growth stage companies in the Defense, Homeland Defense and Intelligence technology sectors. His assignments have included companies that develop advanced firewalls for government and critical commercial enterprise applications, new materials for use in body armor, advanced optics for surveillance applications as well as others. Mr. Durante joined MetaCapita after a career in software sales and marketing.

"Over the last four months Steve has begun to implement the vision that attracted us to the Outerlink investment to begin with," says Frank Pinto, Managing Director of Eastern Growth Capital and an Outerlink Board member. "We are excited by his vision for the Company's growth."

"Many Companies develop exciting new technology but do not bring equally creative approaches to product development, sales and marketing," says Jeff Pollock, Managing Director of MerchantBanc and an Outerlink Board member. "Steve knows what it takes to turn new technologies into new products that earn marketplace acceptance and make money. Outerlink is investing in aggressive expansion and Steve will bring an innovative approach to our growth strategy."

About Outerlink Corporation
Outerlink Corporation, is a leading provider of satellite-based mobile asset management solutions for mission-critical applications. Outerlink develops advanced asset tracking devices and software and provides engineering and integration services for enterprise-level fleet management.

Outerlink's satellite-based mobile asset management solutions provide secure, real-time location tracking and satellite communications capability including two-way messaging to strategically manage the operations of air, land and marine vehicles.

Based in Lowell Massachusetts, Outerlink is a private equity backed company. For more information visit: www.outerlink.com


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