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John Pearce Joins Actifio as Chief Financial OfficerAddition of Proven Executive Further Bolsters Company's Leadership Team (October 18, 2011)
WALTHAM, MA -- (Marketwire) -- 10/18/11 -- Actifio, the Protection and Availability Storage (PAS) platform company, today announced that John Pearce, a technology industry executive with more than 30 years of financial and operations leadership experience, has joined as chief financial officer (CFO). Pearce will work closely with the rest of Actifio's Leadership team to drive financial and internal operations as the Company extends its leadership position in the emerging, $21 billion PAS market.
Pearce most recently served as the president and CEO of Demandware, a global leader in on-demand ecommerce. Prior to Demandware, Pearce served as CFO at AppIQ, where he was on the executive team that created a market leader in Storage Resource Management (SRM) software, and was acquired by HP in 2005. He also co-founded SilverStream Software and served as its CFO, vice president of international operations, and senior vice president of worldwide sales. Previously, as the CFO and vice president of international business at Watermark Software, Pearce grew the business through its acquisition by FileNet Corporation in 1995. Earlier in his career, Pearce held various operational and finance leadership positions.
"It is my privilege to be working with John again. He has had an impeccable track record of market successes during his distinguished career. His decades of experience fine-tuning operations and financial models will be invaluable to Actifio, as we rapidly scale the company to deliver solutions globally," said Ash Ashutosh, founder and CEO of Actifio.
Actifio has pioneered the industry's first storage system optimized for managing copies of production data, eliminating redundant silos of IT infrastructure and data management applications. By introducing virtualization into data management, Actifio delivers an application-centric, SLA-driven solution that decouples the management of data from storage, network and server infrastructure and reduces costs by 10X. Actifio is proving to be the best data management solution for the virtual server environment and is being rapidly deployed in VMware environments.
"I consider myself extremely fortunate to join a company with unlimited potential and such immediate and impressive traction across a growing number of customers and partners," said Pearce. "Actifio is delivering solutions based on sustained innovative technologies to solve a business critical problem -- reducing the billions of dollars wasted on managing redundant copies of data -- and the leadership team assembled to manage the organization is truly second to none. Many of us worked with Ash back at AppIQ, and the chance to reunite and put our combined decades of unique experiences to work made this simply too good of an opportunity to pass up."
Actifio, the Protection and Availability Storage (PAS) platform company, pioneered the industry's first storage system optimized for managing copies of production data, eliminating redundant silos of IT infrastructure and data management applications. By introducing virtualization into data management, Actifio delivers an application-centric, SLA-driven solution that decouples the management of data from storage, network and server infrastructure and reduces costs by 10X. Actifio has helped liberate IT organizations and services providers of all sizes from vendor lock-in and the management challenges associated with exploding data growth. Actifio is headquartered in Waltham, Mass. with offices around the world. For more information, please visit: http://www.actifio.com.
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