"Steve's experience and knowledge in acquisitions and business development will provide our team with an invaluable foundation for our strategy moving forward," said Gary Hermansen, President and CEO, Global IP Solutions. "As GIPS maintains its lead in providing multimedia engines for the VoIP industry, we look forward to his contributions as a member of the GIPS management team."

"GIPS voice and video technology is catalyzing the growth of the VoIP industry and I'm excited to be a member of GIPS executive team," said Steve who will perform an essential role in the development of the company strategy moving forward.

Steve previously worked at 3Com -- a leading provider of secure, converged voice and data networking solutions for enterprises. He helped lead several deals for 3Com including the acquisition of a major joint venture in China for an equity valuation of US$1.8 billion. Rust also led the acquisition of TippingPoint, a high-growth network security company for over US$400 million.

Mr. Rust graduated Cum Laude with a degree in Finance from Santa Clara University and he holds an MBA from Wharton.

About Global IP Solutions

Global IP Solutions (GIPS) offers multimedia technologies for real-time communications over packet networks. GIPS enables companies to deliver IP applications that offer the highest quality user experience, as well as revenue-enhancing opportunities. GIPS provides best-in-class voice and video quality and fidelity in end-to-end IP communications with robustness against packet loss for service providers, enterprises, applications developers, network equipment, gateway and chip manufacturers. Companies using Global IP Solutions products include Nortel, Skype, WebEx, Yahoo!, AOL, EarthLink, BlueCross/BlueShield and other key players in the VoIP market. Global IP Solutions is a member of the Intel(R) PCA Developer Network, the Motorola Design Alliance, Symbian Platinum Partner Program and Texas Instruments' third party developer network. Global IP Solutions has headquarters in San Francisco and offices in Santa Barbara, Stockholm, Hong Kong and Boston. More information is available at http://www.gipscorp.com - PR Newswire, UK