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Correlsense Announces New CEO Ken MarshallNew Leader Brings Track Record of Growing Technology and Services Firms (May 07, 2012)
FRAMINGHAM, MA -- (Marketwire) -- 05/07/12 -- Correlsense, a leading provider of application performance management software, announced that Ken Marshall is joining the company as CEO. Marshall brings his deep experience in leading sales, marketing, and services teams as well as driving rapid growth in emerging technology and services firms. Correlsense's co-founder and former CEO Oren Elias will remain with the company as EVP of Strategy and Business Development. He will focus on strategic sales and partnership opportunities.
Marshall brings over 25 years of senior management experience in technology product and services companies with extensive expertise in business planning and development, operational management, and sales and marketing best practices. He currently serves as Chairman for the Extraprise Group, a provider of integrated CRM solutions, which he founded in April 1997. Previously, he was Chairman and CEO of Carbonflow, a provider of SaaS applications for the emissions reduction market, President and COO of Giga Information Group, an information technology advisory company, and President and CEO of Object Design, the leader in database products based on object technologies. Object Design was ranked #1 in the Inc. 500 during his tenure. He started his career at Oracle where he was a Group Vice President and founded their consulting services business. He currently sits on the board of Actuate Corp. and Streambase Systems.
"Ken's proven track record in leading fast-growing technology companies is a great asset to Correlsense," said Bruce Golden, General Partner at Accel Partners and Correlsense Director. "He has the skills to help Correlsense enhance its market leadership and capitalize on the tremendous growth opportunities in the application performance management software market."
"I am very excited to join Correlsense and work closely with the founders and existing management team to maximize the overall market opportunity," said Ken Marshall. "The team has built a compelling product, innovative business model, and a growing base of enthusiastic customers. These strengths put Correlsense in a position to excel in the fast-growing application performance management market."
Correlsense is a leading provider of application performance management solutions. The company's flagship product, SharePath, enables IT organizations to be more agile when introducing new business services in physical, virtual or hybrid environments. Leveraging a unique approach that combines both transaction tracking and automatic application behavior modeling, SharePath provides IT organizations with actionable knowledge on how to avoid disruptions, maintain high service levels and improve end-user experiences. The company was recently recognized as a "Visionary" in Gartner's "Magic Quadrant." Correlsense was founded in 2005 and is privately held. For more information please visit www.correlsense.com.
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