Phil O'Donovan becomes advisor to TTP Ventures


14-09-2005

Phil O'Donovan, co-founder and Commercial Director of CSR plc, has been appointed an Advisor to TTP Ventures.

As a co-founder of CSR plc, where he has been Managing Director, Sales Director and Commercial Director, Dr O'Donovan played a leading role in the formation and growth of one of Cambridge's most successful companies.



GerryPhil O'Donovan becomes advisor to TTP Ventures Fitzsimons, CEO of TTP Ventures commented: "I am delighted that Phil will act as an advisor to us. TTP Ventures has already had some notable successes in our investments in fabless semiconductor and wireless related opportunities. Phil's many years experience in the communications sector - in creating Cambridge Silicon Radio and, before that, at Cambridge Consultants - can only enhance our activities in this area".



"I've known TTP for some time and am looking forward very much to working with TTP Ventures" said Phil O'Donovan. "I hope that my experience will give me valuable insights on the issues facing TTP Ventures' portfolio companies and that the relationship will result in us identifying new opportunities where we can work together."





Dr Phil O'Donovan

Phil O'Donovan is a Co-Founder of CSR plc where he has been Managing Director, Sales Director and Commercial Director. CSR floated on the London Stock Exchange in March 2004 and became a FTSE 250 company in July of the same year. Prior to co-founding CSR in April 1999, Phil was VP Telecoms at Cambridge Consultants Ltd.



Previously, he was Chief Research Engineer at ITT's Standard Telecommunications Laboratory from 1978 to 1986 when he left to join a venture-backed software and systems house in 1986. Phil is a Fellow of the IEE and a RAE MacRobert Gold Medal winner.



Phil is a Partnership Board member of The Greater Cambridge Partnership. He is also an Entrepreneur in Residence at the Cambridge Judge Institute's Centre for Entrepreneurial Learning and has served on the advisory boards of a number of Cambridge companies.



TTP Ventures

TTP Ventures is a subsidiary of TTP Group plc, a broad based innovation and technology development company based in Melbourn, near Cambridge. TTP Ventures was founded in 1998. Its first fund, with investment from Boeing, Siemens and four financial institutions, was raised in 1999. TTP Ventures' strategy is to use TTP's expertise to help identify and support investments in early stage, external (i.e. non TTP) science and technology companies.



Two TTP Ventures' investments, Element 14 and Alphamosaic, have been sold to Broadcom Inc, a US NASDAQ listed semiconductor company. Other portfolio companies are making strong progress.





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For more information please contact:

Gerry Fitzsimons

TTP Venture Managers Ltd

Melbourn Science Park,

Cambridge Road

Melbourn,

Royston, Herts SG8 6EE

Tel: +44 1763 262626

Fax: +44 1763 262265

Gerry.Fitzsimons@ttpventures.com

To read more information, click here.

TTP Ventures supports early stage technology companies with investment and incubation services.

TTP Venture Managers Ltd