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Home  News Utah Technology Council Announces 2008 Hall of Fame Inductees
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Utah Technology Council Announces 2008 Hall of Fame Inductees
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- Dr. Theodore H. Stanley and H. Raymond Bingham to be honored at October 24th event-
Utah Technology Council
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SALT LAKE CITY – August 14, 2008 – The Utah Technology Council (UTC) is pleased to announce its 2008 Hall Of Fame awards dinner. The black-tie event will honor inductees Dr. Theodore H. Stanley and H. Raymond Bingham, and will take place at 6:00 p.m. on October 24, 2008, at the Grand America Hotel.
“We are honored to recognize these two distinguished gentlemen for their outstanding achievements and the impact they’ve made to improving not only our way of life in Utah but to improving it throughout the world,” said Richard Nelson, UTC CEO. “Over the years we’ve had some remarkable individuals elected to the Utah Hall of Fame and both Dr. Stanley and Mr. Bingham should feel right at home with the other inductees.“
The Hall of Fame event honors individuals with Utah ties who have made key contributions to the information technology and life science industries through new technology, innovation and leadership. These contributions have resulted in job growth, commercialization of technology and increased growth and development of the nation’s technology sector and economy. The UTC invites members of Utah’s technology industries, as well as business and community leaders, to join in honoring this year’s inductees.
Dr. Theordore H. Stanley
Ted Stanley is recognized as an international expert in intravenous anesthesia, opioid analgesics, drug delivery systems, human and wildlife immobilization techniques, and has been a visiting professor of anesthesiology to almost every academic department throughout the United States, most of North and South America, Europe, and the Orient.
A "serial entrepreneur," he has founded or co-founded eight life science companies, including Zars and Anesta, and three research and educational foundations. Associated with the University of Utah's Department of Anesthesiology since 1967, he has been a professor in that department and Research Professor of Surgery from 1978 until the present time. During that interval, he and his associates have received over 10 million dollars in government (State and NIH) and pharmaceutical company funding.
One of Dr. Stanley's companies, Anesta, became a public company in 1994 and raised approximately 180 million dollars during its public existence. Anesta was sold to a larger pharmaceutical company, Cephalon, in 2000, for approximately 450 million dollars. Anesta's (Cephalon's) most successful product, Actiq, invented by Dr. Stanley in 1983, produced worldwide sales of approximately $625 million dollars in 2006. Over the last eight years, sales of Actiq (approximately 2.5 billion dollars to date) have resulted in royalties of approximately 60 million dollars being sent to the University of Utah. In 2006 Dr. Ted Stanley was awarded the honor: "Mountainwest Entrepreneur of the Year.”
Stanley has also visited, lectured and consulted at numerous veterinary schools, zoos and wildlife parks in the United States, Canada, and Western Europe. He has been a frequent consultant to the United States FBI Hostage Rescue Team and Central Intelligence Agency. Dr. Stanley completed an A.B. from Columbia College and an M.D. from Columbia University Medical School. He completed a residency in Anesthesiology at the Columbia-Presbyterian Medical Center.
H. Raymond Bingham
Ray Bingham is Managing Director with General Atlantic, a global growth equity firm. Having joined the firm in 2006, Mr. Bingham is co-head of General Atlantic’s Palo Alto office. He also serves as co-head of the firm's Communications and Electronics sector.
Mr. Bingham’s distinguished career of more than 30 years has spanned businesses in high tech, chemical engineering, and private equity investments with accomplishments in mergers and acquisitions, global trade and venture capital. From 1993 to 2005, he served in executive management roles at Cadence Design Systems, the world’s leading electronics design automation (EDA) company. He was named executive chairman in May 2004, after serving as president and chief executive officer since May 1999. He joined Cadence in 1993 as executive vice president and chief financial officer. Under Mr. Bingham’s leadership, Cadence developed from a $360 million company to a $1.3 billion global industry leader. During his tenure as CEO, the company’s technology leadership grew through a series of strategic acquisitions, internal research and development and venture investments. Mr. Bingham also directed Cadence’s global expansion into India, China and Russia, a decade ahead of today’s focus in those emerging markets.
Bingham is a director of three public companies: Oracle Corporation, Flextronics International Ltd. and STMicroelectronics NV. Mr. Bingham has also served as a member of The Business Round Table, Chairman of the Board of the Electronic Design Automation Consortium (EDAC), and a member of the Board of Directors of the Silicon Valley Leadership Group.
Mr. Bingham earned a Bachelor of Science degree with Honors from Weber State University and a Master’s Degree in Business Administration from the Harvard Business School. Additionally, he was awarded an Honorary Doctorate of Humanities from Weber State University. (Bio)
For more information about the 2008 Hall of Fame event or to register for the event, please visit the UTC Web site or call (801) 568-3500. Tickets for the event are $250 for UTC members and $400 for non-UTC members. Sponsorships are available by contacting
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The event will be held at the Grand America Hotel in downtown Salt Lake City beginning with a networking reception at 6:00 p.m. followed by dinner and the awards ceremony at 7:00 p.m.
About Utah Technology Council
UTC exists to foster the growth of Utah’s 5,200 science and technology companies, attract a broader array of funding resources, and ensure Utah has the highest-quality skilled workforce. Members can connect and share insights with industry peers, government and academic leaders, professional service providers and venture capital firms. Visit www.utahtechcouncil.org or call 801.568-3500.
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