TechTaffy

tech:

taffy

CTS Appoints Kieran O’Sullivan CEO

By TechTaffy Desk

[Techtaffy Newsdesk]

CTS has appointed Kieran O’Sullivan to the position of president and CEO effective January 7, 2013. Mr. O’Sullivan will succeed Vinod M. Khilnani, current chairman and CEO, who will remain on the board and continue to serve as executive chairman until the annual shareholders meeting in 2013 and retire from CTS on December 31, 2013.

Mr. Khilnani had previously announced his desire to retire and the company had begun a succession process in March 2012. It is anticipated that Mr. O’Sullivan will be appointed to the board of directors as soon as practicable following his effective date.

Mr. O’Sullivan, 50, brings over twenty-five years of executive leadership experience in high-growth, technology companies. Currently, Mr. O’Sullivan is executive vice president of Continental AG’s Global Infotainment and Connectivity Business and leads the NAFTA Interior Division, having joined Continental AG in 2006 as part of the acquisition of Motorola’s Automotive Electronics Business. Prior to that, Mr. O’Sullivan served in various senior management roles at Motorola.

Mr. O’Sullivan holds a bachelor’s degree in engineering from the University of Limerick and master of business administration degree from University College, Dublin, Ireland and diplomas in aeronautical avionics engineering and electrical engineering.

 

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.