Ubiquiti Networks, Inc. announced that Craig Foster will join the company as Chief Financial Officer, effective March 4, 2013. Mr. Foster will report directly to Founder, Chairman and Chief Executive Officer Robert J. Pera. Craig brings a compelling combination of financial and operating experience and a deep understanding of Ubiquiti's business.

He will play a key role in shaping overall strategy and creating the operational foundation to expand business into new markets. Mr. Foster joins Ubiquiti from Credit Suisse where he served as a director in the investment banking group focused on technology infrastructure and software from June 2012 to February 2013. From August 2007 to June 2012, he worked at UBS investment bank as an Executive Director, and most recently as the co-head of the software group.

During his investment banking career Mr. Foster completed over $6 billion of investment banking transactions, including the initial public offering of Ubiquiti Networks in October 2011. Prior to banking, Mr. Foster was an early employee of Loudcloud, Inc. and held a number of management positions in product management, business development and finance. He also held various positions at RBC Capital Markets, Open Market, Deloitte Consulting, and PriceWaterhouseCoopers.