Management

Mr. Baxter has over 30 years of global semiconductor experience in Consumer, Telecom, and Automotive markets. Prior to joining Validity, he was at SiRF Technology as Senior Vice President. Prior to joining SiRF, he was the President and Chief Executive Officer of Centrality Communications, where he led the company through the acquisition by SiRF in August 2007.

Mr. Baxter has also served as Chief Executive Officer at Xanoptix / Xan3D Technologies, as Senior Vice President and Member of Office of the President at Chartered Semiconductor Manufacturing, and as Vice President and General Manager of several Divisions in Motorola Semiconductor Product Sector (now known as Freescale) based in Europe, the United States and Asia during a 16-year career.

Mr. Santos brings over twenty years of financial management experience with public and private technology companies to Validity. Prior to joining Validity, Mr. Santos held senior controller positions at Intel, the last of which was Group Controller for Intel's Digital Home and Consumer Electronics businesses. With direct involvement in over $1 billion in private equity placements and M&A transactions, Mr. Santos is uniquely qualified to guide Validity's financial growth. Mr. Santos has held senior financial positions with a wide variety of technology companies and public accounting firms, including: Intel, Exar, Fundamental Software, VxTel, and Deloitte & Touche. As CFO of VxTel, Mr. Santos was instrumental in raising over $80 million in private equity funding and played a pivotal role in the acquisition of VxTel by Intel Corporation.

Before joining Validity, Mr. Kesanupalli was Senior Vice President and General Manager of Worldwide Product Operations at Phoenix Technologies. At Phoenix, Mr. Kesanupalli's responsibilities included engineering, product marketing, and business development. Prior to his tenure at Phoenix, Mr. Kesanupalli was founder and CEO of Kinera (now Telsima) a wireless carrier middle tier software Company. Prior to Kinera Mr. Kesanupalli has worked closely with IBM, Peoplesoft, and Gap on projects ranging from firmware to highly scalable distributed software systems. Mr. Kesanupalli holds several wireless middle tier software systems patents and is part of the CTO forum for Business Software Alliance for the Federal Government, and has published papers in IEEE on Digital Image Processing and Edge Enhancements.

Prior to his tenure as Executive Vice President of Products, Mr. Erhart served as startup-CEO of Validity from 2003 through 2005. Mr. Erhart's experience includes his position as General Manager, Biometrics Division of National Semiconductor Corporation, and founder and Chief Executive Officer of Vivid Semiconductor, Inc., a venture backed LCD panel technology start-up that was purchased by National Semiconductor. Mr. Erhart holds 32 patents, has authored ten technical publications, and has presented technical papers at several major semiconductor industry conferences. Mr. Erhart has also served on the Board of three private technology companies and one charitable organization.

Before joining Validity in June 2007, Ms. Van Tatenhove was with Synaptics for over seven years, serving as Senior Product Line Director, managing product lines for notebooks, PC peripherals, and music/video players until she was promoted to Synaptics' Director of Marketing. Prior to joining Synaptics, Ms. Van Tatenhove held various Senior Product Manager and Business Development Positions at AT&T, Philips Mobile Computing Group, and Philips Sound and Vision. Ms. Van Tatenhove is fluent in Dutch and English, and is conversant in German and Spanish. Ms. Van Tatenhove received her BA in marketing in Eindhoven, Netherlands, and has received post-graduate training in brand management, market research, advertising, product management and sales.