Meru Networks Appoints Eric Singer and Stephen Domenik to Board of Directors

Meru Networks

today announced its entry into an agreement dated January 13, 2014 with Potomac Capital Partners III, L.P. and certain related parties to, among other things, appoint two new independent directors -- Eric Singer and Stephen Domenik -- to its board of directors. With these additions, the Meru board of directors now comprises nine directors. "We are pleased to welcome Eric and Steve to our board and look forward to their contributions," said William Quigley, chairman of the Meru Board of Directors. "Adding Eric and Steve to the Meru Board of Directors is consistent with our commitment to consider constructive input from our stockholders." "We are very pleased with the agreement reached with Meru, which we believe will provide new independent voices and perspectives to Meru's board," said Singer, co-managing member of Potomac Capital Partners III, L.P. "Steve and I look forward to working with the Meru board to continue building stockholder value." Background of the new directors Eric Singer brings significant experience as a public company director of technology companies, as well as significant financial and investment experience, to the Meru Board of Directors. He currently serves as a co-managing member of Potomac Capital Management III, L.L.C., the general partner of Potomac Capital Partners III, L.P., and Potomac Capital Management II, L.L.C., the general partner of Potomac Capital Partners II, L.P. since March 2012 and has served as an advisor to Potomac Capital Management, L.L.C. and its related entities since May 2009. Singer has also served as a director of PLX Technology, Inc., a publicly traded semiconductor company, since December 2013. Singer served as chairman of the board of Sigma Designs, Inc. a publicly traded semiconductor company, from January 2013 until December 2013, and was a board member from August 2012 until December 2013. From August 2008 until its sale in February 2010, Singer served as a director of Zilog Corporation, a publicly traded semiconductor company. From July 2007 to April 2009, Singer was a senior investment analyst at Riley Investment Management. He managed private portfolios for Alpine Resources, LLC from January 2003 to July 2007. Singer holds a B.A. from Brandeis University. Stephen Domenik has been a general partner at Sevin Rosen Funds, a venture capital firm, since 1995, and brings considerable experience from both established and small companies in the semiconductor and software industries to the Meru Board of Directors. Domenik has also served as a director of PLX Technology, Inc., a publicly traded semiconductor company, since December 2013; director of Pixelworks, Inc., a publicly traded designer, developer and marketer of video and pixel processing semiconductors, since August 2010 and director of MoSys, Inc., a publicly-traded, IP-rich, fabless semiconductor company, since June 2012. He served on the board of directors of NetLogic Microsystems, Inc., a publicly-traded fabless semiconductor company, from January 2001 until it was acquired in February 2012. Domenik was previously CEO of two high-technology companies in the RFID and software domains. He was also vice president of marketing at Cyrix, an SRF portfolio company, where he worked from its early days until after its IPO. Prior to Cyrix, Domenik was the vice president of marketing at Weitek, a venture-backed startup company that also went public. Domenik holds an M.S. in electrical engineering (M.S.E.E.) and a B.S. in physics from the University of California at Berkeley.