From NED to NASDAQ
team (Lto R): Amer Haider, Imran Badr and Raghib Hussain
On Wednesday, May 2,
2007, Cavium Networks (CAVM) was listed on the NASDAQ, the
stock exchange of choice for tech companies in the US. A
graduate of the NED University in Karachi is listed as the
Given the diversity of the US and especially the tech sector,
that might sound like an everyday occurrence. But a search
of EDGAR, the electronic filing system of the United States
Securities and Exchange Commission (SEC), shows that this
is a first-of-its-kind event. It seems that M. Raghib Hussain,
who graduated from NED with a Computer Systems Engineering
degree in 1993/94 is the first founder of a public corporation
in the US to list NED in his profile.
And this is not just any Initial Public Offering (IPO).
Red Herring, a popular magazine in the business community,
says "Cavium Networks ... is deemed by many as the
`pick of the week',” describing the company as "a
supplier of integrated semiconductor processors to “triple
play” mavens such as Aruba Networks," that caters
to clients whose networking equipment delivers “triple
play” packages of voice, video, and data services
at high speeds. Cavium is known," the magazine's IPO
Watch column continues, "for its fast and secure system-on-chip
processors.Its customer list is a ‘Who’s Who’
in tech with names such as Cisco, IBM, and Samsung."
And here is Red Herring's take on Cavium's prospects: "Formed
in 2000, Cavium has reported an accumulated deficit of $61.9
million. But its days of gushing red ink may soon be over.
Consider its first quarter: for the three months ending
March 31, Cavium Networks reported revenues of $11.1 million--up
58.6 percent from $7 million for the same period a year
ago. Cavium also cut its net loss sharply to $997,000 for
that three-month period, down from $3 million a year ago.
That’s the kind of numbers story that attracts attention
on Wall Street."
Cavium Networks is a story about NEDians and Karchiites
who attended Pakistani educational institutions and are
making it to the top of their game - from the corridors
of NED University to Wall Street.
As already stated, the company was launched by M. Raghib
Hussain and a colleague in 2000. He was soon joined by fellow
NEDians Amer Haider, who started and set up the marketing
department and Imran Badr, who started the software department.
Raghib, currently the company's Chief Technology Officer
(CTO) and VP for Software Engineering, attended Delhi College
and then NED Engineering University, graduating in 1993-94,
with a BE in Computer Systems. He started his career working
at Zelin (Pvt.) Ltd., and then ITIM Associates in Karachi.
Prior to Cavium Networks, Raghib has held senior technical
roles in several startups and large organizations in Silicon
Valley, including Cisco Systems. Raghib was a founding team
member of VPNet (acquired by Avaya), where he was a key
contributor in the design of the first commercial IPSecased
VPN (VirtualPrivate Network) gateway. IPsec VPN Gateways
became popular means of deploying security in enterprise
and are widely used world wide today. At Cavium, Raghib
was the key architect of Nitrox product family which is
the leading security processor family in the industry today
with most comprehensive security algorithms and low to highest
performance scalable solution. Raghib was also a major contributor
in Octeon multi-core processor family which provides highest
performance per watt and per dollar for networking and communication
industry. Along the way, Raghib has also earned an MS in
Computer Engineering from San Jose State University.
Amer Haider, currently Director of Strategic Marketing and
Ecosystem Development, attended D.J Science College and
graduated from NED University in 1995 with a bachelor's
in Mechanical Engineering. He also started his technical
and management career in Karachi with Wavetech and other
local concerns. He has been the backbone of Cavium's strategic
and marketing efforts from the beginning, initially working
alone and setting up the brand and products in the market
and, in his current role, building partnerships with other
technical players globally.
Imran Badr, currently Lead Software Architect, attended
Malir Cantt College and graduated from NED University the
same year as Amer, with a degree in Electrical Engineering.
Imran Worked in Karachi for four years with local companies
and Reuters before moving to the Silicon Valley. Working
on the design and architecture of the software for Cavium
products, Imran has played a key role in the success of
Along the way, the three original NEDian team members have
been joined by others; including Faisal Masood and Syed
Saadullah Hussain in Software, and Sabahat Ashraf in Technical