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Optical networking company Tejas Networks has appointed Rangnath Salgame, an ex- Cisco official, as its new president. Prior to joining Tejas, Salgame was with Cisco Systems as president - global projects. Founded in 2000, the Rs 235 crore company has so far raised more than $70 million from funds like Intel Capital, Sandstone Capital, Battery Ventures, Sun Technologies, Mayfield Fund, IL&FS and Goldman Sachs. The company plans to go for listing in th enext one year.
Sify Technologies has announced Vijay Kumar as the new CFO of the company. After a 7-year stint with Sundaram Finance Services Ltd, Vijay Kumar left them as Asst. General Manager (Investment Banking) to set up his independent audit and consultancy practice. Last November, the company's earlier CFO Durgesh Mehta had left to pursue other opportunities. Pijush Kanti Das, president of its Access Media unit, was the company's CFO in the interim.