Quellan, which designs integrated circuits for high-speed communications equipment, landed both a new chief executive and $3 million in venture capital on Tuesday.
Quellan closed on a new found of financing from its existing investors and a major new one — National Semiconductor Corporation.
The new chief executive officer is D. “Tony” Stelliga, who formerly served as chairman, CEO and president of Softcom Microsystems. Intel acquired that company in 1999.
Stelliga stayed with Intel after the Softcom acquisition then joined Quellan as chairman last October. He replaces Bill Eversole, who takes on the title of president of Quellan.
His record also includes career stops at Newbridge Networks and LSI Logic Corp.
Stelliga is the third CEO in Quellan’s short history. Lloyd Solomon was the founding CEO when a team of Georgia Tech professors formed the company in 2001. Quellan’s technology is built around research licensed from Georgia Tech. The company’s chief technology officer is Dr. Joy Laskar, who has been a professor of electronics at Georgia Tech since 1995.
Stelliga also holds 16 patents in broadband networking and semiconductor technologies.
Quellan investors include Cordova Intellimedia Ventures, LP Greenspring Ventures, ITU Ventures, The University Financing Foundation, Steve Chaddick (an executive at Ciena), and the Yamacraw Seed Capital Fund III.
Quellan: www.quellan.com
