Founding date:  May 1999  

Mission: 
Provide the world's first VoDSL/VoCable/Voice Over Fixed Wireless next-generation carrier reference platform for delivering Broadband Class 5™ and new telco-grade telephony and multimedia services to the global broadband local loop marketplace.

Market:
Overall VoIP market projected at $1.6 billion in 2002 (Yankee Group). Significant opportunity in small business market for DSL:

• 7.4 million small businesses in the U.S.
• 94 percent have 12 lines or fewer
• Spending $46 billion/year on local and long-distance services
• 4 billion VoIP minutes projected in 2000, vs. 200 million in 1998

Global residential market for broadband services over DSL and cable converged networks.

Target Markets:
Data CLECs, incumbent and competitive local exchange carriers (ILECs, CLECs), cable broadband local loop carriers, global network access providers (IXCs, PTTs), Internet service providers (ISPs)

Employees: 45

Financing:                        
Brentwood Venture Capital/Redpoint Ventures

Management:                       
Ted Griggs, President and CEO  
Jeff Paine, Vice President, Marketing
Sohail Parekh, Director of Engineering

Board Members:                         
John Walecka, Redpoint Ventures
Ron Abelmann, Chairman, President and CEO, CyberStateU.com  
Russell Pillar, President and CEO, CBS Online  
Richard Liebhaber, Director, Qwest Communications  
Ted Griggs, President and CEO

Press Contact:                        
Janis Ulevich, Ulevich & Orrange, Inc., (650) 329-1590

Syndeo Corporation Management

Ted Griggs, President and CEO. 
Syndeo is the fourth company co-founded by Griggs.  In 1997 Griggs founded and served as president of Junction, Inc., a telecommunications switch provider that is now part of Cisco Systems. Previously he established The Renaissance Group, Inc., which built a flexible enhanced service platform now being resold by Motorola, Nortel and AG Communications Systems; in 1994 Renaissance was acquired by Precision Systems, which, with Griggs as its chief technology officer, became a Paul Allen company. His first on-line venture, the Internet Gaming Zone, was sold to Microsoft. Griggs, 32, holds a B.A. degree in computer science from the University of California at Berkeley.  

Jeff Paine, Vice President of Marketing.  
Paine came to Syndeo from Magellan Network Systems, a provider of enhanced telecom services platforms, where he was vice president of marketing.  Previously he held the same title with Network Tools and Eicon Technology.  His networking industry career began with six years at Cisco Systems, which he joined as one of the company's first 100 employees and served as director of corporate marketing.  Paine, 49, holds B.A. and M.A. degrees in communications from Brown University and the University of Texas, respectively.

Sohail Parekh, Director of Engineering.  
Parekh was a co-founder of Syndeo and before that of Junction, Inc.  An expert in the fields of redundant architectures, fault tolerance and distributed systems, he previously served as technical manager of Precision Systems' Advanced Technologies Group, senior software engineer at Grumman Data systems, and a senior member of technical staff with the Super Computing Center at NASA's Johnson Space Center.  Parekh, 37, holds a B.S. degree in electrical engineering from the University of Houston.