Bridgewater Systems Names Ed Ogonek President, CEO; Brings Significant Executive, OSS and Carrier Experience to Firm That Enables Service Providers' IP Data Services
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[May 26, 2004]

Bridgewater Systems Names Ed Ogonek President, CEO; Brings Significant Executive, OSS and Carrier Experience to Firm That Enables Service Providers' IP Data Services

OTTAWA --(Business Wire)-- May 26, 2004 -- Bridgewater Systems(TM), a provider of dynamic IP and data service fulfillment and assurance solutions, today announced that Ed Ogonek has joined the company in the role of president and CEO. Ogonek also becomes a director on the Bridgewater Systems board.



With more than 20 years of experience in the networking industry, Ogonek has a reputation for providing dynamic leadership and delivering business excellence. He most recently served as senior vice president and general manager of Metro and Enterprise Solutions for CIENA. Prior to CIENA, he was president and chief executive officer of Akara Corporation, which was acquired by CIENA in August 2003. Ogonek's prior experience includes key executive and senior management positions at Newbridge, Alcatel, British Telecom and Bellcore. He received a bachelor's degree in mathematics from John Carroll University and a master's degree in operations research from Case Western Reserve.

According to Terry Mathews, chairman of the board, "We are pleased that Ed has joined Bridgewater Systems at a time in which the company has successfully navigated the downturn in the telecom market and strengthened its market position with wireless, broadband, WiFi and dial-up service providers on three continents. His tenure as CEO and experience with operational support systems and carriers from prior work engagements will be critical as we make Bridgewater Systems a strong market leader."



"I'm very excited to be joining the Bridgewater Systems team," said Ogonek. "Bridgewater Systems has demonstrated sustainability and success in a challenging market. Based on a very strong value proposition and technology platform, it has secured a great set of top-notch customers and a key role in an exciting growth market."

About Bridgewater Systems (www.bridgewatersystems.com)

Bridgewater Systems provides dynamic IP and data service fulfillment and assurance solutions that enable service providers to generate profits from their networks while enhancing customer loyalty. The modular Bridgewater Systems product suite extracts greater value from existing operations support systems (OSS), business support systems (BSS) and network assets to enable service providers to realize new revenue sources. Unlike traditional OSS vendors, Bridgewater Systems' proven products deliver on-demand dynamic IP and data services, offer extensive revenue capture capabilities, provide out-of-the-box value and can be deployed in weeks -- instead of months.

Bridgewater Systems solutions are currently deployed by more than 20 global service providers, including Verizon Wireless, Bell Mobility, Covad and Telia. Founded in 1997, Bridgewater Systems is a privately held company.

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

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