Ex-Tessera CEO Joins USVP


Bruce McWilliams has joined U.S. Venture Partners as an executive-in-residence. He is the former CEO of miniaturization technology developer Tessera Technologies Inc. (Nasdaq: TSRA).

PRESS RELEASE

U.S. Venture Partners announced today that Bruce McWilliams, former CEO of Tessera Technologies, Inc., has joined as an Executive in Residence.

“Bruce is the uncommon combination of a premier technologist and a model CEO. And beyond those attributes, he’s a terrific guy. What a great example for the young entrepreneur/executives with whom we are associated. We are thrilled that he is in residence,” said Irwin Federman, USVP partner.

“I have had the pleasure of working with USVP in start-ups and learned to appreciate the great value they bring to companies they invest in. Being residence in this firm is a great opportunity for me to gain broad insight relevant to my next venture,” said Bruce McWilliams.

Bruce McWilliams is chairman of Tessera Technologies, Inc. (Nasdaq: TSRA) and was its chief executive officer from 1999 to 2008. He established and implemented the company’s growth strategy of developing and delivering innovative miniaturization technologies to the mobile phone and semiconductor industries. During his tenure, the company achieved compounded revenue and operating profit growth exceeding 50% annually which led to Tessera being cited by Business Week Magazine as the Second Hottest Growing Company in America in 2006. Tessera was also cited by Electronic Business Magazine as the 4th Best Small Electronics Company in the U.S. in 2006. Today more than 20 billion semiconductor devices have been shipped using Tessera’s technology.

McWilliams has more than 20 years of executive and technical management experience in the semiconductor industry. He has held numerous executive management positions, including senior vice president at Flextronics International, a position he assumed upon Flextronics’ acquisition of nCHIP, Inc., a multi-chip module packaging company he co-founded and where he served as its CEO. McWilliams also founded and was CEO of S-Vision, a silicon chip-based display company.

McWilliams is a member of the board of directors for Intermolecular, a semiconductor materials company, and NemoTEK, a mobile phone camera manufacturing company. He is a Trustee of Carnegie-Mellon University and a member of its advisory boards for Physics and Human & Computer Interaction.
In 2005, McWilliams was given Ernst & Young’s Northern California Entrepreneur of the Year award. He holds Bachelor of Science, Master of Science and Ph.D. degrees in Physics from Carnegie Mellon University.

U.S. Venture Partners (USVP) is a leading Silicon Valley-based venture capital firm, dedicated to helping entrepreneurs build world-class companies that are leaders in their industry. USVP focuses on early stage opportunities in sectors where the Partners have the domain expertise, operating experience and network of relationships to provide meaningful contribution to the success of the enterprise. These sectors include digital communications and networking systems, internet and eCommerce structure, semiconductors and optical components, enterprise and technical software, and medical devices and biopharmaceuticals. www.usvp.com

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