President and CEO
Dick Pierce was named president and CEO of Raydiance in 2011, and since that time has led the company as it introduced four new solutions, increased sales by more than 400 percent and expanded customer reach globally by 200 percent. Pierce is a recognized technology start-up executive with experience in growing companies from early stage to significant revenue with multiple successful exits.
Throughout his career, Mr. Pierce held leadership positions at companies in numerous sectors, including software, Internet search, enterprise, mobile, networking, infrastructure and semiconductor. Prior to joining Raydiance, he served as CEO of Orbital Data Corporation, a provider of solutions to speed the delivery of software applications over wide area networks (WANs). Earlier in his career, he was executive vice president and COO of Inktomi Corporation, a search and software infrastructure provider, where he was responsible for growing the company’s revenues to more than $250 million in five years, culminating in a public offering in 1998.
Pierce began his career at Intel, where he spent 15 years in a variety of executive roles for the microprocessor, microcontroller and software divisions. He graduated from Purdue University with a Bachelor of Science degree in electrical engineering.
COO and CFO
William R. Beyer
William (Bill) Beyer serves as the company’s chief operating officer and chief financial officer. In the latter capacity, he leads the company’s financial initiatives to ensure growth and fiscal stability. He brings more than 20 years of blue-chip, professional experience with a deep history in fund raising, mergers and acquisitions, business development, and operations to Raydiance. He has served as CFO for multiple emerging technology companies. Beyer has closed more than $265 million in private equity financings and has conducted commerce in over 20 countries worldwide.
Previously, he served as CFO and treasurer of Bitfone Corporation, driving the company to profitability and a successful acquisition by Hewlett-Packard. In addition to his tenure with Bitfone, Mr. Beyer has served as CFO of Vollee, Inc. and Mahi Networks. Prior to his roles as CFO, he served as regional vice president of international business development and finance for Advanced Fibre Communications, Inc. (NASDAQ: AFCI, now TLAB). He joined AFC before the company’s Initial Public Offering and actively participated in the offering process. Mr. Beyer is a C.P.A., formerly with Arthur Andersen LLP. He holds Bachelor of Science degrees in commerce and accounting from Santa Clara University.
Vice President, Engineering
Tim Flood brings 20 years of product development knowledge in software and hardware systems development to Raydiance. Mr. Flood has a broad base of expertise in high-reliability and fault tolerant applications for information systems, telecommunications technologies such as IP/MPLS/Multi-Service core routing, and G/BPON, xDSL broadband, and voice-access products. His technology and management experience includes hardware and software design, product architecture, product line management, and development of professional services teams. He has a proven track record in managing complex engineering projects and successful market introductions.
Prior to joining Raydiance, Flood held engineering and executive management positions with Tellabs (NASDAQ: TLAB), Advanced Fibre Communications (NASDAQ: AFCI), Red Condor, and Mahi Networks. Most recently, he served as vice president of engineering and operations at Red Condor. During his tenure at AFC, he served as director of system software, joining the company during its early product development phase. AFC quickly grew to more than 300 employees and a market capitalization of $6 billion. Mr. Flood received his Bachelor of Science degree in electronic and electrical engineering from California State University, Chico.
Vice President, Operations
Dr. Steve P. Sapers
Dr. Steve Sapers oversees manufacturing, supply chain, quality and service for Raydiance, driving the company’s accelerated growth over the past decade. He came to Raydiance from the Optical Coating Laboratory at JDSU where he held successive leadership roles in engineering and operations management with direct oversight of global divisions and more than 1,400 employees to support multiple high-mix, high-volume product lines and annual revenues in excess of $150M. Sapers joined the JDSU organization in 1992, developing and deploying advanced tools to study optical thin film coatings for product development and manufacturing across the consumer electronics core businesses and government programs during the telecom boom. He also worked with a semiconductor laser company after leaving JDSU in 2005.
Sapers received a Bachelor of Arts degree in chemistry from Brandeis University and a doctorate degree in physical chemistry from the University of Colorado, Boulder. As a graduate research assistant, he studied multi-photon processes in gas phase polyatomic molecules using laser excitation and detection methods. Subsequent post-doctoral work at the University of Toronto and Battelle Pacific Northwest Laboratories extended his investigations into spectroscopy and molecular dynamics.
Senior Vice President,
Dr. Sri Srinivas
Dr. Sri Srinivas joined Raydiance in 2009 after serving as vice president of worldwide marketing for ESI. At ESI, he provided strategic insight for existing and new markets, expanded the company’s leadership position, and managed several product divisions. Prior to his tenure at ESI, he spent 15 years at Applied Materials in a variety of leadership roles, including chief marketing officer for the Etch Products Business Group and Etec System Division. Dr. Srinivas’ expertise in materials science and process engineering enabled him to lead development groups responsible for inventing and deploying new semiconductor capital equipment products. His groups generated more than $500M in cumulative revenue.
Srinivas earned a Bachelor of Science degree in chemical engineering and a Master of Science degree in chemistry from the Birla Institute of Technology and Science in India. In addition, he holds a doctorate in chemical engineering from the University of Texas, Austin.
Senior Vice President, Sales
Keith Morton brings more than 20 years of sales leadership and expertise in electronic design automation (EDA) and other start-up technologies to Raydiance. Most recently serving as VP of Worldwide Sales at Nimbic, he grew sales by more than 300 percent to lead a successful acquisition by Mentor Graphics. Managing sales, distribution and field support for Nimbic, Mr. Morton added new key customers including major semiconductor and consumer electronics companies. As Vice President, Global Accounts for Magma Design Automation, Morton was responsible for global accounts and over $100M in sales.
With significant start-up experience, Morton was instrumental in multiple successful exits at EPIC Design, Magma Design Automation and Nimbic. His sales experience includes semiconductor design automation software, design for manufacturing, special purpose hardware emulation, intellectual property and professional services. When EPIC Design was acquired by Synopsys, he also managed Synopsys’ consulting sales at Synopsys NSKK in Tokyo, Japan. Morton began his career at Motorola where he spent five years in various engineering roles after receiving a Bachelor of Science degree in electrical engineering from the University of Missouri-Rolla.