Octopus-backed UltraSoC appoints Chris Gilbert as chairman

UltraSoC Technologies has appointed Chris Gilbert as non-executive chairman. The company is backed by UK-based Octopus Investments.

PRESS RELEASE

UltraSoC Technologies, the pioneering company developing advanced debugging and optimisation technology for embedded electronic systems, today announced the appointment of Chris Gilbert as Non-Executive Chairman. Chris will play a key role in the development of the Company as it enters a phase of rapid growth and market penetration for its innovative and much needed silicon IP platform UltraDebug®. UltraDebug® will bring enormous benefits to the semiconductor ecosystem and providers of sophisticated electronic products.

Chris is an experienced executive and highly successful entrepreneur with vast experience in company strategy, globalisation, fundraising, building companies, investor relations and M&A. He has held a series of general management positions in two large US technology companies, Data General and Motorola. At Motorola, Chris was the General Manager of EMEA for cellular infrastructure products in some 60 countries. In 2000, he began his journey on the entrepreneurial path in Silicon Valley as CEO of IPWireless. Chris’ most recent company, Ubiquisys, was the main pioneer of the burgeoning cellular Small Cell industry, and its recent sale to Cisco for $310M was one of the biggest private company sales in Europe over the last two years.

Karl Heeks, CEO of UltraSoC said: ‘I am delighted that Chris is joining us at this most exciting phase in the development of UltraSoC. Chris’ experience in company development will be an invaluable asset as we commercialise our technology in the global market. I would also like to thank Matthew Trowbridge for his Chairmanship of the Company over the last couple of years.’

Chris commented: ‘The complexity of system-on-a-Chip grows every year. Many companies sub-components are fitted together to make the SoC, and UltraSoC has developed an extremely value set of IP to allow super-fast on-chip analysis and optimisation of these components. Now that the technology is largely built and tested itself, I believe UltraSoC is ready to make a major impact on the time-to-market of the major chip manufacturers.’

Luke Hakes, a member of the Ventures team at Octopus Investments, said: ‘We are excited about Chris joining the team at UltraSoC. As a successful entrepreneur with a track record of making good returns for investors, Chris’ experience in growing businesses comes at an important time for the Company. We look forward to working with him and the rest of the team over the coming months.’

Ends

Notes to editors

About UltraSoC (www.ultrasoc.com)

UltraSoC Technologies is a VC-funded independent provider of SoC infrastructure to enable rapid development of embedded systems based on advanced SoC devices. The Company, backed by Octopus, is pioneering advanced debugging technology for the embedded electronic systems increasingly used in many everyday products from cars to mobile phones. The Company is developing UltraDebug®, an advanced debugging and system optimisation technology for multiple processor systems used to debug the application software that delivers the functionality and performance in modern electronic systems.

About Octopus Investments

Founded in 2000, Octopus is one of the UK’s fastest growing investment management companies. We currently manage £3 billion of assets on behalf of 50,000 customers. We offer a straight-talking approach to investments, exceptional customer service and a range of products that do what they say they will.

The Ventures team at Octopus
The Ventures team at Octopus are straight talking human investors that back talented people rather than specific sectors. We focus on identifying fast growth businesses which can scale explosively to create, transform or dominate an industry. We can invest from £250,000 to £5 million and prefer to partner teams based in the UK.

The work of our Ventures team is supported by access to the Octopus Venture Partners, a network of approximately 100 outstanding business leaders, entrepreneurs and private investors providing an invaluable wealth of expertise and resource for our portfolio companies, as well as investing on a deal-by-deal basis alongside Octopus venture funds. This blend of knowledge and skill has allowed us to help many great companies across several sectors thrive in recent years, including: Zoopla Property Group; graze.com; SwiftKey; and Secret Escapes.

For more information visit www.octopusinvestments.com.

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