INDUSTRY

Massively Parallel Technologies, Inc. (MPT) has named Dr. John Gustafson CEO of the company, replacing CEO Scott Smith, who is now Chairman of the Board of Directors. Gustafson joins MPT from ClearSpeed Technology where he was the CTO for High Performance Computing (HPC) at this maker of semiconductors and systems for accelerating HPC systems. MPT is an emerging technology leader in products that enable HPC. About Gustafson's appointment as CEO, Smith said, “It speaks highly to MPT's technology and strategy for the future that we attracted one of the world's HPC leaders to the company. I really look forward to working with John and will remain active in business development for MPT.” “I joined MPT because I'm excited about the advanced solutions it has developed that are crucial to the future of computing,” said Gustafson. “These major technical innovations allow computing clusters to scale to thousands of processors on a single problem instead of being used to process independent jobs in parallel. This will drive tremendous performance improvements in cluster computing.” "We are delighted for John on his appointment as the CEO of MPT,” said Tom Beese, CEO of ClearSpeed. “We appreciate the many contributions he made while with ClearSpeed and look forward to the possibility of our companies collaborating in the future.”