DisplayLink Names Craig Ensley As CEO, Announces Additional $8 Million Venture Capital
PALO ALTO, Calif., Dec. 9, 2009 – Further strengthening the company's leadership in the USB graphics market, DisplayLink Corp. has added new executive talent and $8 million in new venture capital.
Semiconductor industry veteran Craig Ensley has been named the company's Chief Executive Officer and Chairman of the Board of Directors. Ensley was previously with Peregrine Semiconductor where he served as president, COO and board member. He brings to DisplayLink more than 30 years of leadership in marketing, engineering and management of both startup and public semiconductor and systems businesses.
DisplayLink also announced it has received $8 million in a Series C venture capital round from Atlas Venture, Balderton Capital (previously Benchmark Capital Europe), DAG Ventures, and DFJ Esprit.
"Craig brings an impressive track record of growing companies, boosting performance and driving corporate excellence. He's the right leader at the right time to guide DisplayLink as we continue transforming how people connect and use their PCs, displays, and peripherals," said Bruce Dunlevie, general partner at Balderton Capital.
"DisplayLink's wired and wireless USB virtual graphics technology has been gaining momentum in mainstream consumer electronics and corporate IT arenas and is available everywhere in universal docking stations, monitors, and thin clients. We'll continue to innovate and expand our market position to ensure DisplayLink remains the connection technology that OEM customers and end users trust," Ensley said. "I couldn't ask for a better opportunity than to join DisplayLink’s tremendous combination of technology and talent."
Before joining Peregrine Semiconductor, Ensley held several executive roles on the team which restored Cirrus Logic to profitability, including senior vice president of the embedded products division and senior vice president of engineering. Prior to that he was general manager and vice president of marketing at Crystal Semiconductor, a successful venture-backed mixed-signal IC company. He began his career at Rockwell International, where he helped start its communications semiconductor business. Ensley holds an M.B.A. from Stanford University and bachelors degrees in both applied physics and economics from the University of California at San Diego.
DisplayLink Corp. (www.displaylink.com) is a semiconductor and software company that enables easy, virtual graphics connectivity between computers and multiple displays over standard interfaces like USB, Wireless USB, and Ethernet. Its technology is found in an array of globally branded PC accessories including monitors, docking stations, display adapters, projectors and thin client systems that make it easy to expand the desktop visual workspace at significantly lower cost and power than traditional solutions.
For more information on DisplayLink's funding, visit www.displaylink.com/investors.html.