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Bharat Gupte Joins CitiXsys Board Of Directors

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Industry Veteran Brings over 30 years of Global Marketing, Operational & Technical Experience.
CitiXsys, a provider of software solutions for the Retail and Wholesale Distribution Supply Chain, recently appointed Bharat Gupte to its board of directors. With over 30 years of financial, operational and marketing experience, Bharat has been instrumental in helping companies globally achieve business growth and profitability and led organisations through successful mergers and acquisitions.

"Bharat brings an incredible wealth of knowledge and experience to CitiXsys from having helped run various organisations to the pinnacle of success," said Kamal Karmakar, CEO of CitiXsys. "Bharat has spent several decades overseeing the operations of many multi-million dollar companies. His track record of driving business growth and propelling positive business changes will be a key asset in taking CitiXsys ahead. We look forward to benefiting from his insights and experience," he added.

From 2000 to 2005, Bharat served as the Managing Director of Redwood Venture Partners, a private equity firm. Prior to joining Redwood Ventures, he served as President and COO of the Optical Components Division of Oki Semiconductor (a division of Oki Electric Industry, a member of the Nikkei 225). Before heading operations at Optical Components, he was Vice President and General Manager of Standard Products, another business unit of Oki Semiconductor with high growth in products targeted at the communications segment. In 1998, he was appointed a member of Oki Semiconductor's Board of Directors. Before joining Oki in 1989, he served as Director of Marketing and International Sales for Inova Microelectronics, successfully repositioning the company as an SRAM supplier. Still earlier, he was a Directorate Marketing Manager with Advanced Micro Devices (NYSE: AMD) for a $50M product line.

Bharat's past experiences includes executive management positions in multi-billion dollar organizations both domestically and internationally. He sits on the boards of LumaSense Technologies, Niksun and Stratosphere Solutions. He has also served on the boards of Optovation (photonics subsystems), Gtran Inc. (optical subsystems), Nextnine (software services), Tavanza (wireless RF), GWS Photonics (semiconductors), Axcel Photonics (photonics) and Kromos (satellite communications), Lambent Technologies (sold to Induslogic in 2006). Other companies he has worked closely with include Gtran Wireless (cellular products), Nazomi (cell phone accelerators), Ashvattha (wireless RF components) and Pranalytica (Security systems).

Bharat was also instrumental in executing Tavanza's sale to Celeritek; Gtran Wireless sale to Flextronics (Jan 2004); Mesh Networks sale to Motorola (Nov 2004) and Axcel Photonics to a private investor. He has been actively involved in successful mergers that include Kromos with AnaCom Inc. and Optovation with Laurel Networks. He led the successful IPO of Magma in November 2001. In addition he also served as an advisor to Opelin, an automatic remote backup storage software company that was later sold to Hewlett Packard in 2007.

Bharat has an MBA from The Wharton School at the University of Pennsylvania, and also holds an engineering degree from the Indian Institute of Technology in New Delhi.
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