Mobile Industry Veteran Bob Borchers Joins Opus Capital as General Partner

As part of the original iPhone team, Borchers was instrumental in the development, launch and global expansion of the revolutionary iPhone, iPhone OS, App Store and the recent launch of the iPhone 3GS. While at Apple he also led the Nike+iPod partnership, expanded the iPod accessory ecosystem, and forged relationships with every major auto company to provide iPod integration.

"The iPhone not only reinvented the mobile phone, it has created myriad new markets for applications and services," said Borchers. "I am thrilled to have the opportunity to work with entrepreneurs in accelerating the growth of these new markets as well as other emerging technology markets."

Prior to Apple, Borchers was vice president of marketing at FusionOne, a pioneer in creating and marketing mobility solutions. Borchers also spent six years at Nokia where he co-founded and served as vice president of sales and marketing for the Vertu business unit. Prior to his tenure at Vertu, Borchers held several senior-level marketing positions at Nokia where he successfully positioned the mobile phone as both a technology and lifestyle product. Before his career in the mobile industry, Borchers worked for Nike, Inc. in Beaverton, Oregon, where he led efforts in product and service personalization. He began his career doing research and development in prosthetics.

Borchers holds a Bachelors Degree in Mechanical Engineering from Stanford University and a Masters Degree from a joint program between the Massachusetts Institute of Technology and the Harvard Medical School in Health Sciences and Technology. He has more than 30 patents granted or pending.

"Bob is a tremendous addition to our investment team, bringing deep experience in mobile technologies and consumer markets," said Carl Showalter, general partner, Opus Capital. "His extensive operating experience, skills and expertise are invaluable assets to entrepreneurs building the new companies in which we will invest, as well as our current portfolio of companies," added Dan Avida, general partner, Opus Capital.

About Opus Capital

Opus Capital is an early-stage venture capital firm with more than $1 billion of committed capital under management, investing in committed, high integrity entrepreneurs building market-leading technology companies. The team has strong operational expertise and has partnered with entrepreneurs to create successful outcomes for more than 80 companies (including 50 IPOs) in the U.S. and in Israel including Adaptec, AirGate PCS, BlueNile, Brocade, Ciena, DoubleClick, Electronics for Imaging, FedEx, Genesys, Harmonic, Informatica, Kidaro, and Vantive. Opus Capital is headquartered on Sand Hill Road in Menlo Park, California. For more information, visit www.opuscapital.com.

SOURCE: Opus Capital

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