OSS Appoints David Raun, Technology Industry Veteran, as President & CEO
ESCONDIDO, Calif., June 25, 2020 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (Nasdaq: OSS), a leader in specialized high-performance edge computing, has appointed company director and interim CEO, David Raun, as its new president and CEO.
Raun has served as interim CEO of OSS since February 2020, and on the board of OSS since 2016. Prior to his appointment as interim CEO, he had served as audit committee chair and was a member of the nominating committee.
“David is a seasoned leader with extensive experience in the technology sector, and he has already initiated positive changes at OSS which will enhance our operations,” commented OSS chairman of the board, Ken Potashner. “He brings to the position a solid track record of driving increased revenue, profits and market position at multiple public and private technology companies. David is ideally suited to lead the growth and development of OSS as a global leader in high-performance edge computing.”
Raun brings to the company more than 24 years of senior management and board experience. He previously served as president and COO of ASSIA, a Silicon Valley-based SaaS provider, where he led a quick turnaround, driving record revenues and expanded margins. Earlier, he served as president, CEO and a director at Nasdaq-traded, PLX Technology (PLX). He led PLX to achieve record revenue, profits, and market dominance in PCIe switch technology before its eventual acquisition by Avago (now Broadcom). He holds a B.S. in computer and electrical engineering from the University of California, Santa Barbara.
“I am excited to have this opportunity and look forward to continuing to work closely with our management team, talented employees and recently expanded board of directors,” said Raun. “While there is still much to do, over the last few months, we’ve made strong progress with our reorganization, expense reductions, and strengthenig our balance sheet with additional working capital. Recent project wins, new orders, and industry-leading product launches highlight the tremendous opportunities ahead. Moving forward, we will continue to focus on increasing our market position, while driving expanded margins, operational efficiencies, and shareholder value.”
About One Stop Systems
OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe storage to build award-winning systems, including many industry firsts, for OEMs and government customers. The company enables AI on the Fly® by bringing AI datacenter performance to ‘the edge’ and on mobile platforms, and by addressing the entire AI workflow, from high speed data acquisition to deep learning, training and inference. OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com.