Roxio Names Bradford D. Duea Vice President of Business Development
Milpitas, Calif., January 30, 2001 - Roxio, Inc., the Digital Media Company from Adaptec, Inc. (NASDAQ: ADPT), announced today that Bradford D. Duea has joined the company as Vice President of Business Development. Roxio's President and CEO Chris Gorog, to whom Duea will report, made the announcement.
"Duea brings to Roxio a strong business development and legal background as well as hands-on experience in media and technology transactions," said Gorog. "He is well positioned to oversee and grow Roxio's partnerships and business endeavors in both the U.S. and abroad, and we are delighted to have him with the company."
Duea comes to Roxio from PeopleSupport, Inc., a leading provider of integrated e-customer relationship management solutions, where he was Vice President, Corporate Development and Corporate Secretary. While at PeopleSupport, Duea closed over $50 million in venture financing from leading financial and strategic investors, including Accel Partners, Benchmark Capital, Meritech Capital and Siebel Systems, Inc. Duea also closed strategic partnerships with industry leaders, such as Hewlett Packard, Siebel Systems, Inc. and Cambridge Technology Partners, and helped shape PeopleSupport's strategy and eCRM offering.
Prior to joining PeopleSupport, Duea, a Member of the State Bar of California, spearheaded the development of the Southern California venture capital practice of O'Melveny & Myers LLP. His activities at the law firm included mergers and acquisitions, joint ventures, partnerships and various financings. Duea represented Freeman Spogli & Co. in the click and mortar ventures MVP.com and PartsAmerica.com, Oberthur Smart Cards USA, Inc. in its purchase of assets from EDS, and Mandalay Corporate Enterprises in numerous joint ventures in a wide range of entertainment activities. He was also responsible for championing early stage venture investments for SunAmerica and Davis Companies, public deals for Relational Investors, partnerships for Hilton Honors Worldwide, and the sale of the Los Angeles Dodgers to Fox, a transaction recognized as the "Deal of the Year" by the Los Angeles Business Journal.
Duea began his professional career in business development as Director of International Marketing for Las California Industrial Park, part of the maquiladora industry of Mexicali, Mexico. Prior to graduation, Duea cultivated his business development skills as a member of the European Development Team for Domino's Pizza International.
Duea holds a Bachelor of Arts degree, High Honors, in Law and Society from the University of California at Santa Barbara, a Master of Business Administration degree, Beta Gamma Sigma, in Finance and International Marketing from the University of Southern California, and a Juris Doctor degree, Magna Cum Laude, from the University of San Diego.
Roxio, a division of Sonic Solutions, develops and markets the best-selling digital media software in the world. Roxio offers award-winning software products for CD/DVD burning, photo editing and video editing and has an installed base of over 150 million
users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, through leading
retailers, through Internet partnerships and through direct sales at www.roxio.com. Roxio's
parent company, Sonic Solutions (NASDAQ: SNIC;
http://www.sonic.com) is the leader in digital media software and provides a broad range of software
tools and applications for creative professionals, business and home users and technology partners. Sonic's products range from professional
DVD authoring systems and interactive content delivery technologies that are used to produce the majority of Hollywood movies released on DVD,
to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup applications that have become the premiere solutions
for consumers and business users worldwide. Sonic's AuthorScript® is the de facto standard for CD and DVD burning and formatting and has
been licensed by major software and hardware manufacturers, including Adobe, Broadcom, Microsoft, Scientific-Atlanta, Sony, and many others.
Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, MyDVD, CineMagic, Plug & Burn, LiveShare, Roxio Easy Media Creator, and
AuthorScript are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other
countries. Dolby is a trademark of Dolby Laboratories. All other company or product names are trademarks of their respective
owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject
to change without notice.