Whale Communications Raises Additional Funding

NJBIZ STAFF//June 9, 2005

The company also announces the appointment of industry veteran Roger J. Pilc to CEO.Whale Communications, a vendor of secure, remote-access computer networking services, announced Thursday that it secured $6.5 million in additional funding led by existing investors Goldman Sachs, Soros Fund Management and the BRM Group.

Since Whale was founded in 1998, it has undergone three rounds of investment, the last being $23 million in April 2000.

Headquartered in Fort Lee, the company also announced the appointment of industry veteran Roger J. Pilc to CEO. Pilc replaces co-founder and CEO Elad Baron who will remain on Whale”s board of directors.

Bringing to Whale an extensive executive and operations management background in the networking industry, Pilc comes to this company after four years as chief operating officer at software company SMARTS, which was acquired by storage giant EMC for nearly $300 million.

During Pilc”s tenure as COO, SMARTS revenue grew five-fold. Baron will work with Pilc during the transition period and continue to serve on Whale”s board.

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