Narad Taps Collette as CEO

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Narad Networks Inc. said it hired cable-technology veteran Michael Collette as CEO, replacing John Petrillo, who remains chairman of the business-services-technology provider.

Narad also said it has secured additional funding to support ongoing operations and to roll out a new switching platform that enables cable companies to deploy switched-broadband-access services to enterprise customers.

Collette formerly was CEO of Ucentric Systems. Before that, he was a marketing executive at OpenTV Corp.