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Panzura Expands Management Team and Board of Directors With Industry Veterans

Tuesday, November 20, 2012 9:05 AM


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SAN JOSE, CA -- (Marketwire) -- 11/20/12 -- Panzura, a leading provider of global cloud storage solutions, today announced the expansion of its executive team and board of directors as the company enters the next phase of rapid growth. Michael Morgan joins the team as Chief Financial Officer, while Al Sadler joins as VP of Operations. In these roles, Morgan and Sadler will build on Panzura's significant market traction and wins at Fortune Global 500 enterprises in the past year. In addition, Marcel Gani joins the Panzura Board of Directors following leadership positions at Juniper Networks and NVIDIA.

Marcel Gani brings a wealth of valuable networking and data infrastructure industry experience and expertise to Panzura's board. Gani currently consults with several venture funds to advise early stage high tech companies. Prior to this, Gani held the position of Chief of Staff of Juniper Networks, Inc., which he joined as the company's CFO from 1997-2004. He was also responsible for Information Systems and Human Resources. Prior to joining Juniper Networks, Mr. Gani served as Vice President and CFO of NVIDIA Corporation, Grand Junction Networks, Primary Access Corporation, and NeXT Computer, Inc.

With over 20 years of experience in managing all aspects of finance and administration for both private and public technology companies, Michael Morgan has a long history of transforming successful private companies into well-managed publicly traded organizations. Immediately prior to Panzura, Morgan held the CFO position at Model N, where he helped guide the company to profitability and a period of significant growth. As CFO at Skybox Security, Morgan raised several rounds of venture financing and scaled the company's financial systems. Morgan has also served as CFO of BackWeb Technologies, a publicly-traded company. Prior to BackWeb, Morgan led two IPOs including Talarian, which was sold to Tibco Software.

Specializing in the building and managing of high-growth organizations, Al Sadler brings 35 years of experience with Fortune 500 companies and Silicon Valley startups to Panzura as VP of Operations. Formerly VP of Operations at CloudShield Technologies and OpVista, Sadler has also served in executive positions at multiple public and private companies across the enterprise technology landscape, including COO at Trapeze Networks and Alidian Networks.

"The appointment of both Michael Morgan and Al Sadler to the Panzura executive team signals our readiness for a new phase of aggressive growth to meet the increasing demand from Fortune 500 customers for our enterprise cloud storage solutions," said Randy Chou, CEO of Panzura. "In their respective roles, both Morgan and Sadler will engage with cross-functional teams to implement proven financial and operational practices, which will build a strong foundation as we continue to experience a surge in organic growth and plan for expansion into international markets."

About Panzura
Panzura optimizes enterprise data storage management and distribution in the cloud, making cloud storage simple and secure. Panzura's revolutionary global cloud storage solution seamlessly combines the flexibility, performance, and productivity benefits of distributed storage with the manageability, security and cost benefits of centralized storage, overcoming fundamental "administrator vs. user" and "budget vs. performance" conflicts. With Panzura, data location no longer affects usage. Panzura: Cloud Storage Made Seamless. For more information, visit www.panzura.com, or email info@Panzura.com.

Connect with Panzura:
Read the Blog: http://www.panzura.com/blogs
Follow on Twitter: http://www.twitter.com/panzurastorage

Panzura is a trademark of Panzura, Inc. Other trade names mentioned herein are recognized to be the property of their respective owners. All rights reserved.

Media Contact
Olivia Hine
Bhava Communications for Panzura
Email Contact
510-984-1523

(Source: Market Wire )
(Source: Quotemedia)

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