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InterTrust's president resigns

InterTrust Technologies, which makes software that protects songs and videos from being illegally copied, said its president, David Ludvigson, has resigned effective Nov. 1 to pursue other interests. The Santa Clara, Calif.-based company said it has appointed David Lockwood, the company's executive vice chairman and a board member, to replace Ludvigson. Prior to joining the digital rights management company, Lockwood worked for Reuters Greenhouse, a venture capital fund, as well as Goldman Sachs. In August, InterTrust said it would cut 12 percent of its work force in an effort to reduce costs.

InterTrust Technologies, which makes software that protects songs and videos from being illegally copied, said its president, David Ludvigson, has resigned effective Nov. 1 to pursue other interests. The Santa Clara, Calif.-based company said it has appointed David Lockwood, the company's executive vice chairman and a board member, to replace Ludvigson.

Prior to joining the digital rights management company, Lockwood worked for Reuters Greenhouse, a venture capital fund, as well as Goldman Sachs. In August, InterTrust said it would cut 12 percent of its work force in an effort to reduce costs.