Mike, Tom, Barry and Steve bring critical enterprise experience and savvy to help take Egnyte to the next level
New CMO, CFO, and Board Members Bring Significant Experience in the Enterprise to Drive Company and Market Growth
London, UK – March 26, 2013 – Egnyte, the leader in enterprise file sharing and synchronization, today announced two new executives and the addition of a veteran board member to its Board of Directors. Joining Egnyte are Mike Klayko, newly appointed member of the Egnyte Board of Directors, Thomas Reilly, newly appointed member to the Egnyte Board of Advisors, Barry Phillips, chief marketing officer, and Steve Sutter, chief financial officer.
“The file sharing and synchronization market is rapidly evolving from line of business deployments using cloud-only solutions to mainstream enterprise IT deployments requiring a combination of on-premise and cloud storage,” said Vineet Jain, CEO, Egnyte. “That shift has fueled our explosive growth and Mike, Tom, Barry and Steve bring critical enterprise experience and savvy to help take Egnyte to the next level and retain our leadership position in the market.”
The expansion of the executive team comes on the heels of Egnyte’s most successful year to date. In 2012, Egnyte’s customer base grew 200% and saw 300% growth in revenue, year over year. With no freemium product and only paying accounts, Egnyte’s 30,000 business customers represent more than one million paid seats. Enterprise companies are a significant part of Egnyte’s recent growth, including the company’s first 35,000-seat deal for a corporate-wide deployment.
Each of Egnyte’s new leaders will play a key part in the company’s growth.
As the newest member of the Egnyte Board of Directors, Michael Klayko brings 35 years of experience in the storage, computer, and telecommunications industry. He is currently Chief Executive Officer of MKA Capital, an investment company focusing on technology investments. Previously he was Chief Executive Officer of Brocade Communications Systems, Inc., a comprehensive network solutions provider. Additionally, Mr. Klayko has held executive positions at Rhapsody Networks, McDATA, EMC, HP and IBM.
As the latest addition to the Egnyte Board of Advisors, Thomas Reilly adds deep enterprise software experience to the team. He is currently Chairman, of Ombud, a social research platform of B2B technology. His previous positions included head of the security information software group for Hewlett Packard, after the acquisition of ArcSight where he was CEO and Vice President of Business Information Services of IBM after its acquisition of Trigo Technologies, where he was CEO. He holds a B.S. in mechanical engineering from the University of California, Berkeley.
Egnyte’s new CMO Barry Phillips joins from Wanova, where he was CMO in charge of marketing, sales, and business development until VMware acquired the company in 2012. Prior to Wanova, Mr. Phillips was with Citrix Systems, where he was the Group Vice President and GM of the Delivery Center Product Group. He has held executive roles at Net6, Nortel Networks, Everypath, and Cranite Systems.
Egnyte CFO Steve Sutter has extensive financial management and operational experience, most recently he was CFO of Eye-Fi. Mr. Sutter has held senior financial management roles at Elance, Identity Engines, Valdero and Netfish Technologies, where he successfully led the sale of the company to Iona Technologies for $270M.
Over 1 billion files are shared daily by businesses using Egnyte´s unique technology, which provides the speed and security of local storage with the accessibility of the cloud. Users can easily store, share, access and backup files, while IT has the centralized administration and control to enforce business policies. Founded in 2007, Egnyte is based in Mountain View, California and is a privately held company backed by venture capital firms Google Ventures, Kleiner Perkins Caufield & Byers, Floodgate Fund, and Polaris Venture Partners. For more information, please visit http://www.egnyte.com or call 1-877-7EGNYTE.
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