Announces New Leadership Team to Drive SaaS Product Offering
MOUNTAIN VIEW, Calif. —June 27, 2008 – Teneros (www.teneros.com) today announced that it has undergone a full restructuring of the company’s management team and is launching a new Software as a Service product offering. By bringing in seasoned talent, the company can capitalize on its leadership position and its opportunity for market expansion with new product offerings for the business continuity market for Microsoft® Exchange. The move follows the recent appointment of Ben Petro as the company’s new president and CEO. Petro formerly held the position of senior vice president of Ultra Services at NeuStar, Inc. (NYSE: NSR), which was the company’s highest-growth division under Petro’s leadership. He was appointed to this position after Neustar’s acquisition of his former company, UltraDNS, in April 2006; where as CEO and president he grew the company to be the number one provider of managed domain name system (DNS) and traffic management solutions worldwide.
Aggressive growth under new leadership
With Petro at the helm, Teneros plans to aggressively grow staff under the new leadership team. “The new executive team comprises proven talent with reputations for creating sustainable value in a variety of high-growth businesses,” said Ben Petro, CEO of Teneros. “We have restructured with top performers in each discipline to optimize execution of our new go-to-market plan focused on direct sales of an expanded product offering.”
Patrick Kearns, appointed general manager and vice president of corporate development, is charged with expanding global partnerships and distribution alliances to establish a stronghold in international channel sales. Kearns brings to Teneros a history of success with strategic international corporate development at technology companies such as Lucent Technologies (NYSE:LU), Motorola, and Fujitsu.
“The messaging market is migrating from Microsoft Exchange Server 2003 to Microsoft Exchange Server 2007, and businesses everywhere are leveraging virtualization technology. Teneros’ new technology partnership with VMware (NYSE:VMW) will allow us to both capitalize on virtualization benefits within our appliances and to provide the VMware channel with flexible, scalable and comprehensive high availability and disaster recovery email solutions to Microsoft Exchange Server email customers,” offered Kearns.
Jon Ferrell joined Teneros, as vice president of direct sales to spearhead the company’s drive up market with the expanded SaaS offering. Ferrell joined Teneros from Neustar, Inc. where he was vice president of sales for the company’s Ultra Services Division, formed by the acquisition of UltraDNS in 2006. At UltraDNS, he established and grew direct sales offices across the United States and Europe. His team also established UltraDNS as the pre-eminent DNS services provider in wide range of major vertical markets. Prior to joining UltraDNS, Ferrell was a syndicate coordinator at Merrill Lynch where he managed over $750 million in client assets and was responsible for the distribution of initial public offerings (IPOs) and secondary offerings.
David Novosad, in the new position of vice president of business operations, was hired to optimize and drive efficient operational growth. Novosad came to Teneros from Neustar, Inc. where he was vice president of Ultra Services. Previously he served as general manager and vice president of operations at UltraDNS where he was imperative in defining the direction of the corporation and was instrumental in product initiatives, strategic relations, corporate operations, and global expansion.
Teneros Investors Instrumental in Rebuilding Management Team
Teneros’ investors Goldman Sachs (NYSE: GS) and New Enterprise Associates (NEA) were instrumental in assisting the restructuring of the company’s management team by accessing their valuable network of seasoned executives with track records of repeated success.
Expanded Email Continuity Product Offering to Include Software as a Service (SaaS)
Teneros also announced it is expanding its email continuity product family with a SaaS offering to increase the company’s market reach. The new service model allows customers to simply and cost-effectively satisfy their email high availability and disaster recovery requirements with the low monthly fee per mailbox service. As companies grow and prosper, they can easily add support of new mailboxes.
Teneros Application Continuity Appliances end email downtime for businesses by delivering local high availability and remote disaster recovery of Microsoft Exchange. An estimated 70 percent of businesses worldwide use Microsoft Exchange as their email messaging server, according to Ferris Research. Ferris Research sites that it is business critical for many of these companies to assure 24x7 email operation as well as email data protection and access.
Teneros’ new SaaS offering provides around-the-clock email uptime for businesses running Microsoft Exchange by utilizing Teneros’ Instant-On™ failover technology. Included in the low monthly mailbox fee, Teneros supplies customers with an appliance that requires no reconfiguration of, modification to, or additional software on the Exchange server or network infrastructure and it can be installed in the customer’s network in minutes. The appliances are remotely monitored, maintained and updated from Teneros’ Network Operations Center, and the appliances use transactional integrity validation—Teneros’ proprietary, real-time data verification technology—to prevent replication of Exchange data corruption on Teneros appliances. These features earn accolades from customers because Teneros appliances do not add to the ongoing workload of their in-house IT staff to deliver truly hands-free IT™ solutions.
Founded in 2003, Teneros has pioneered a new product category that assures continuity of operations for the mission-critical Microsoft applications fueling corporations worldwide – the Teneros Application Continuity Appliance™. Funded by Advanced Equities Financial Corp., Goldman Sachs, New Enterprise Associates (NEA), Sevin Rosen Funds, and STAR Ventures, the company produces plug-&-go™ business continuity appliances that assure 99.99%-99.999% uptime of Microsoft infrastructure applications.
Teneros is an Advanced Infrastructure Solutions Microsoft Gold Partner and is the recipient of the 2007 Microsoft Partner of the Year Award, OEM Hardware Solutions, Device Manufacturing. Teneros is a winner of the 2008 Red Herring 100 award, was selected as CRN’s 2007 and 2006 Emerging Tech Dynamo, and was honored by AlwaysOn as an AO 100 Private Company Award winner in 2006 and 2007. The company is headquartered at 321 East Evelyn Ave in Mountain View, Calif., 94041. More information is available at www.teneros.com.
All trademarks are the property of their respective owners.
# # #
For further information please contact:
tel: +44 (0) 208 241 6226
This press release was distributed by ResponseSource Press Release Wire on behalf of Ascendant Communications in the following categories: Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.