IP3 Names CEO

San Diego-based IP3 Networks has named Stephen Rizzone as CEO. Rizzone has served as CEO of Memlink, Ortel, and Netvantage, and led Ortel's sale to Lucent technologies for $3B. Former CEO Mike Lee is now head of business development and sales for IP3. IP3 Networks is developing gateways for controlling broadband access in public spaces. It's customers are service providers and enterprises who need porvisioning, ease of deployment, and billing services for their broadband networks. IP3 is backed by Sequoia and the Tech Coast Angels.