ACADEMIA
RapidMind Appoints Two Industry Veterans to Executive Team
RapidMind, makers of the award-winning RapidMind Multi-core Development Platform, today announced the appointment of two new members to the senior management team: Derek Cardy as chief financial officer and Ray Newmark as vice president of worldwide sales. 
With over 14 years in the investment and technology industries, Derek Cardy has a wealth of experience nurturing venture-backed technology firms into successful, sustainable businesses. Cardy's responsibilities include ensuring RapidMind continues to maintain its solid financial footing by managing its substantial funding and revenue, so that RapidMind continues its rapid growth. Located in RapidMind’s Boston office, Ray Newmark brings over 20 years of high tech leadership experience to RapidMind and has held key management positions providing hardware and software solutions to the finance, ISV and OEM markets. Newmark is responsible for leading RapidMind’s sales initiatives that focus on key industries, such as digital imaging and financial sectors, which are well-positioned to take advantage of the tremendous performance gains offered by new multi-core processing. “Both Derek and Ray have proven their ability to develop innovative technology firms into growth businesses, through results-oriented operational and sales strategies,” said Ray DePaul, president and CEO of RapidMind. “Adding their experience to our company’s leadership team ensures RapidMind will remain the market leader and continue to deliver products that give companies a competitive advantage in the ever-changing landscape of multi-core.”
With over 14 years in the investment and technology industries, Derek Cardy has a wealth of experience nurturing venture-backed technology firms into successful, sustainable businesses. Cardy's responsibilities include ensuring RapidMind continues to maintain its solid financial footing by managing its substantial funding and revenue, so that RapidMind continues its rapid growth. Located in RapidMind’s Boston office, Ray Newmark brings over 20 years of high tech leadership experience to RapidMind and has held key management positions providing hardware and software solutions to the finance, ISV and OEM markets. Newmark is responsible for leading RapidMind’s sales initiatives that focus on key industries, such as digital imaging and financial sectors, which are well-positioned to take advantage of the tremendous performance gains offered by new multi-core processing. “Both Derek and Ray have proven their ability to develop innovative technology firms into growth businesses, through results-oriented operational and sales strategies,” said Ray DePaul, president and CEO of RapidMind. “Adding their experience to our company’s leadership team ensures RapidMind will remain the market leader and continue to deliver products that give companies a competitive advantage in the ever-changing landscape of multi-core.” 
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