John Olsen Brings Proven Track Record in Managing and Growing Technology
Marimba, Inc., a leading provider of Internet infrastructure management solutions, today
announced that John Olsen has been named president and chief executive officer, succeeding
the company’s co-founder Kim Polese, who becomes chairman and chief strategy officer of the
Mr. Olsen, 49, is a veteran software and services executive with experience in the technology
arena, most recently as president of the Design Realisation Group of Cadence Design Systems,
Inc. During his tenure at the company, Cadence Design Systems grew from $429 million to
$1.2 billion in annual revenue. Mr. Olsen also spearheaded new business initiatives for
Cadence, such as electronic commerce, which targeted the distribution of design productivity
software over the Internet.
In his previous position at Cadence, Mr. Olsen had served as executive vice president of
Cadence’s Worldwide Field Operations, overseeing the sales, marketing and services functions
and a staff of 2,400. Before joining Cadence in 1993, Mr. Olsen had held the position of
partner, Strategic Services, at KPMG Peat Marwick. Mr. Olsen had previously served as
regional director of sales and marketing for Electronic Data Systems (EDS).
Mr. Olsen holds a Masters in Management Science from University of South Florida, and a
B.S. in Industrial Engineering from Iowa State University.
Ms. Polese, 38, co-founded Marimba in 1996. "Achieving profitability in second-quarter 2000
was an important milestone for us," she said. "Now is the right time to bring in the operational
strength to capitalise on the opportunities ahead. I’m confident that John’s operational depth,
experience and proven leadership will enable the company to realise its long-term potential."
"I look forward to concentrating on critical activities that will continue to advance Marimba’s
leadership position in managing the infrastructure that powers Internet services for the world’s
leading enterprises," she added. As chairman and chief strategy officer, Ms. Polese will focus on
new business initiatives and the long-term strategic direction of the company, mergers and
acquisitions, and critical industry partnerships.
Ms. Polese presided over a period of rapid growth for Marimba, which included a successful
public offering in April 1999, an 84 percent year-over-year increase in annual revenue for the
most recently reported fiscal year, and achievement of initial profitability for second-quarter
2000, as announced today. Ray Lane, former president of Oracle Corporation and a Marimba
board member, commented, "Kim has done a terrific job of building a world-class company
and establishing a solid foundation for Marimba’s long-term growth. Under her leadership, the
company has entered important new markets, such as server content management and the
remote management of devices and appliances. The market opportunity for Marimba has never
been greater, and Kim’s strategic vision will continue to be a force in shaping the company’s
Mr. Olsen said, "What attracted me to Marimba was its track record, as I believe that it is one
of the few Internet companies that has the ability to be a long-term winner. In just three years of
selling products, Marimba has established a substantial revenue stream and built a customer
base of more than 300 companies that are delivering their business-critical Internet services to
more than 10 million end-users. I believe the opportunities ahead are exciting, as the Internet
infrastructure management market is poised for growth. I look forward to working with Kim
and the entire Marimba team to help the company achieve its potential in the years ahead."
Mr. Olsen will also serve as a member of Marimba’s board of directors. Concurrent with this
addition to the board, Arthur van Hoff, co-founder of Marimba, resigned his seat on the board.
Mr. Van Hoff will continue in his current role as chief technology officer.
In a separate release issued today, Marimba announced its second-quarter results. See news
release dated July 25, 2000, "Marimba Announces Second-Quarter Results; Company
Achieves Profitability; Total Revenues Increase 76% to $12.1 Million Year over Year."
Marimba is a leading provider of Internet infrastructure management solutions, enabling
companies to leverage the Internet to deliver more powerful and cost-effective applications and
services to their customers, employees and business partners. Marimba’s Castanet product
family provides an efficient and reliable infrastructure by which enterprises can distribute, update
and manage applications and content over corporate intranets, extranets and the Internet.
Marimba’s Timbale product family addresses the unique management challenges inherent in
computing, including content replication and precise deployment control across heterogeneous
server platforms. Marimba is headquartered in Mountain View, California, and can be reached
at 01344 397224, via email at email@example.com, or at its Web site at
This press release contains forward-looking information within the meaning of Section 21E of the Securities
Exchange Act of 1934, and is subject to the safe harbors created by this section. These forward-looking
statements concern, among other things, the growth of Marimba’s existing and potential markets, the ability
of Marimba to achieve its long-term potential, and Marimba’s focus on new business initiatives, long-term
strategic planning, mergers and acquisitions strategy and establishing industry partnerships. Those results
are subject to a number of risks and uncertainties, including without limitation, the slowing of the growth of
the Internet infrastructure management market and the Internet as a whole, as well as other factors which
could impact the rate of growth of Marimba’s potential market; and the possible changes in the roles and
focus of members of Marimba’s management. Actual results may differ materially due to these and other
factors. The matters discussed in this press release also involve risks and uncertainties described from time
to time in Marimba’s filings with the Securities and Exchange Commission (SEC). In particular, see the Risk
Factors described in Marimba’s most recently filed Annual Report on Form 10-K and Quarterly Report on
Form 10-Q, each as submitted to the SEC and as may be updated and amended with future filings or
submissions. Marimba undertakes no obligation to release publicly any updates or revisions to any
forward-looking statements contained in this press release that may reflect events or circumstances
occurring after the date of this announcement.
Marimba and Castanet are registered trademarks, and Timbale is a trademark, of Marimba, Inc. in the U.S.
and/or certain other countries. All other product, trademark, company, or service names mentioned herein
are the property of their respective owners.
Matt Campbell / Jenny Holt
Tel: 020 8600 4600
Fax: 020 8600 4620
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