Virtualization Management Blog

[Press Release] VMTurbo Expands Management Team with New CFO and VP of Marketing

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Innovator in intelligent workload management software for cloud and virtualized environments hires industry experts Mo Garad (CFO) and Derek Slayton (VP of Marketing) to further accelerate company growth

Waltham, MA - January 11, 2012 - VMTurbo, the leading provider of intelligent workload management software for virtualized environments, today announced Mo Garad as chief financial officer (CFO) and Derek Slayton as vice president of marketing. These new additions to the management team come on the heels of a record Q3 and Q4 2011. To date, more than 4,000 cloud service providers and enterprises worldwide have deployed the VMTurbo platform.

"As customers adopt virtualization more broadly and for more critical workloads, they require better control and performance assurance across their infrastructure. This has driven record growth for VMTurbo and our intelligent workload management solutions,” said Lou Shipley, VMTurbo president and CEO. “Mo and Derek are both experts in their fields and make great additions to our company as we continue to address the management complexities that arise in virtualized environments.”

Garad brings over 15 years of financial management and business strategy experience to VMTurbo where as CFO he is responsible for finance and operations. Previously, Garad was CFO of dynaTrace, an application performance management software company acquired by Compuware for $265 million in July 2011, where he was the first U.S. employee and helped grow the business from less than a million dollars in revenue to a run rate of $32 million in four years. Garad also held executive roles at Bain Capital Ventures and VERITAS Software, which he joined after the acquisition of Precise Software. At Precise, Garad served as VP of strategic planning/M&A and VP of finance. He was part of the management team involved in the IPO of the company in June 2000 and its acquisition by VERITAS for over $650 million in June 2003.

"VMTurbo is solving a significant need in the virtualization management market and experiencing record growth," stated Garad. "My experience with companies encountering this same acceleration driven by rapid product adoption is an ideal fit as VMTurbo scales to meet demand. I look forward to working with this talented management team to grow our customer base and market success."

With over 15 years of experience in the software industry, Slayton leads corporate, product and channel marketing at VMTurbo. Prior to joining, he was the senior director of product marketing and management at Citrix Systems where he drove the product direction, positioning and go-to-market strategies for the XenServer virtualization platform and cloud management solutions. Slayton joined Citrix through the acquisition of Reflectent Software where he was the head of marketing. Previously, Slayton managed Enterasys Networks' worldwide channel marketing efforts as director of global channel and field marketing. While at Enterasys he helped the company shift from a direct sales organization to a channel model, and oversaw North American field operations and marketing, helping the company grow revenue to $600 million. Slayton joined Enterasys from OrderTrust where he was responsible for the ProductSource offering.

"VMTurbo is ideally positioned to become a leader in this rapidly expanding market," said Slayton. "Our growing base of customers are enthusiastic supporters of the product and our technology is truly innovative in providing a better way to manage cloud and virtualized environments. I have been involved with virtualization and management solutions for nearly a decade and am excited to join the team and help raise our profile in the industry.”