PanTerra Networks Announces Appointment of Chief Financial Officer

SUNNYVALE, CA--(Marketwire - July 21, 2009) - PanTerra Networks (www.panterranetworks.com), the leading provider of software as a service (SaaS) unified communications (UC) for small and mid-sized enterprises, today announced the appointment of Kevin O'Donnell as the Chief Financial Officer, reporting directly to the CEO, Arthur Chang.

Mr. O'Donnell is charged with overseeing financial operations and administration for the company as it scales its network and services to meet subscriber growth. Mr. O'Donnell brings more than 25 years of experience in business finance and corporate strategy from companies delivering SaaS services, applications and infrastructure.

Prior to joining PanTerra Networks, Mr. O'Donnell was the CFO at Cassatt Corporation, a software and services company providing controls to automate the management of IT operations. Before Cassatt, Mr. O'Donnell was the CFO at ViewCentral, now part of Rainmaker Systems, a leading provider of comprehensive, closed-loop, outsourced sales and marketing services. Before ViewCentral, Mr. O'Donnell was the VP of Finance at Netigy Corporation, a consulting firm offering strategy, planning, design, implementation, and measurement for enterprise clients making the transition to network-based eBusiness models. Mr O'Donnell was director of finance at Network General Corporation prior to their acquisition by Network Associates, and started his career in finance with large corporations offering service and products such as Apple and Unisys.

"Kevin's relevant SaaS operations experience and financial modelling will be essential in controlling our cost structure as we scale our business into new channels, markets and regions," said Mr. Chang. "Kevin also brings valuable experience to PanTerra having raised capital, oversaw acquisitions and contributed to rapidly growing service companies."

"Joining PanTerra at this stage of rapid expansion is very exciting and I look forward to contributing to the company's continued success," said Mr. O'Donnell.

About PanTerra Networks

PanTerra Networks is a leading provider of on-demand unified communications Software-as-a-Service (SaaS) solutions for small and medium sized businesses. The Company's WorldSmart Suites provide a complete set of communication, collaboration, call center and messaging services including unlimited voice, web meeting and conference, secure instant messaging, multimedia conferencing, remote desktop sharing and ACD/call center services delivered in a single easy to provision and easy to use and administer interface. WorldSmart Suites have the ability to tightly integrate with other business applications like Salesforce automation, which makes it an ideal productivity tool. PanTerra's WorldSmart on-demand services keep capital investment low and align operating expense to business value. WorldSmart is co-branded and re-sold exclusively through service providers, distributors and resellers. The Company is headquartered in Sunnyvale, California. For more information, visit http://www.panterranetworks.com or call +1 408.702.2200.

Contact Information: Contact: Dave Immethun Sr. Director of Marketing PanTerra Networks, Inc. +1 408.457.8941 http://www.panterranetworks.com