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Pivot3 Demonstrates Strong Momentum in Hyper-Converged Infrastructure, Adds Executive Technology Talent for Further GrowthPivot3, a pioneer and innovator in the development of hyper-converged infrastructure (HCI) solutions, has demonstrated strong Q1 results for its software across the data center for enterprise customers. Pivot3 sales for its hyper-converged infrastructure products increased by 37 percent from Q4 to Q1, while sales for their virtual desktop and backup/recovery products doubled over the same period. Additionally, the company continued its trend of increasing revenue and gross margins quarter-by-quarter as it has since 2013. The numbers are in line with the explosive growth trends analysts have identified recently in the HCI sector - a $17.8B global market opportunity. The Q1 figures also point to the superior technological differentiation of Pivot3's products and the value that they bring to customers. "Interest in Pivot3's solutions for enterprise data centers continues to increase," said Ron Nash, CEO of Pivot3. "This growth is a testament to the advantages of our unique technologies, which offer superior storage efficiency and reliability at a much higher value than other hyper-converged products. It also affirms our customer-driven approach to developing solutions to the significant data center challenges enterprises are increasingly facing." Leveraging its latest round of funding, Pivot3 continues to expand its executive sales team, adding three senior executive hires with proven success at major technology companies. These industry-knowledgeable executives share a vision of HCI replacing legacy offerings from incumbent IT companies in the enterprise data center and are eager to bring the benefits of this technology to their netwrk of clients. The recent additions will further position the company as a leader in the HCI segment as it puts its patented technology to work in the mainstream IT marketplace. Daniel Keelan will serve as Pivot3's Executive Vice President with responsibility for sales and supporting groups worldwide. An entrepreneur and thought leader, Daniel has held executive leadership roles at IT software companies ranging from i2/JDA to Oracle (News - Alert) to IBM. He has been a successful business builder as a CEO and brings significant experience in developing and growing early stage technology companies from his time as partner at Next Step Capital Partners, as well as his past investments in a myriad of other technology companies. Daniel is the founder of Future Focus Internship Program, which aims to place more than 100 deserving students from the Austin, Texas, area in life-changing internships. Dan lives in Austin and will work from the company's headquarters there. "Adding Dan Keelan to our team at Pivot3 is a real coup. He is an incredible sales leader who has already energized and focused our team on greater success," said Ron Nash. "Dan has been a winner at every stop in his career, and we expect him to be one at Pivot3." Two new area vice presidents of sales have also joined the executive team. They will be integral to accelerating Pivot3's growth and to taking the Pivot3 message to enterprises. Jason Ford comes to Pivot3 from AirWatch and VMware, with a broad background in B2B technology enterprise sales from industry leaders Citrix (News - Alert) Systems, Qwest Communications and Cisco Systems. Brad Ross, formerly of VMware, brings extensive experience in executive sales leadership from his time at such well-regarded companies as BMC Software, EDS, CSC (News - Alert) and A.T. Kearney. Jason will oversee the West Coast operations for the company from his base in Northern California, and Brad will focus on partnerships with sizable companies who will take Pivot3's technology to market in industry packages from his base in Los Angeles. "I am so pleased that we have been able to recruit such talented professionals as Jason and Brad to join our team at Pivot3," said Dan Keelan. "Working with them, as well as with the existing team members at Pivot3, is an absolute pleasure. We have a quite rare combination of differentiated products and sizable market need for Pivot3. I have seen this combustible mixture before, and it is a precursor to dramatic growth." About Pivot3 Founded in 2002, Pivot3 provides patented global hyper-convergence technology that saves an extraordinary amount of space, ensures fault tolerance, drives down complexity and cost and dramatically increases scale-out performance. Today, Pivot3 has more than 1,600 customers around the world deploying more than 13,000 globally hyper-converged infrastructure appliances in multiple industries, such as video surveillance, healthcare, government, transportation, entertainment, education, gaming and retail. The company has won numerous awards and was most recently featured by CRN in their top 50 Virtualization list for 2014. To learn more about Pivot3, visit http://www.pivot3.com. |
