SOURCE: Akorri


January 12, 2010 13:00 ET

Akorri Continues Rapid Growth With Record Quarter; New CEO Announced to Lead Company's Future Growth

Company Grows Revenues 134% Over Same Quarter Last Year; Tech Executive Veteran Allan Wallack Appointed President and CEO

LITTLETON, MA--(Marketwire - January 12, 2010) - Akorri, Inc., the leader in virtual infrastructure performance and capacity management for the dynamic data center, announced today that it achieved its best fourth quarter in the history of the company, with Q4 2009 revenues increasing 134 percent over Q4 2008 and 82 percent over the previous quarter. In addition to a record Q4, Akorri experienced significant customer expansion in 2009, added 33 new US national and regional partners within its newly launched PartnerPoint channel program, and expanded into international markets by opening regional offices in the United Kingdom, Switzerland and Australia.

To lead the company during its next phase of growth, Akorri has appointed technology industry veteran executive Allan Wallack as President and CEO. Allan has spent the last 40 years leading high-profile startup companies through their early stages to IPO or acquisition.

"I am proud of our performance this year and am pleased to have a person of Allan's caliber to lead us as we continue to expand," said John Gavin, COO at Akorri. "Allan's vast technology and management experience, as well as his strong track record, illustrate his talent for growing businesses. I am very excited about the opportunities ahead of us."

Recently, Allan Wallack has held board, advisory, consulting and investing positions with numerous technology companies. Previously, Allan served as President and CEO of Spring Tide Networks, an IP services company purchased by Lucent Technologies; was Chairman, President and CEO of Chrysalis Symbolic Design, an electronic design automation software company purchased by Avanti Corp.; was President and CEO of Synernetics, a communications company which was bought by 3COM; was COO of COGNEX Corporation during its IPO; and Vice President of Marketing for MASSCOMP during its IPO. Allan began his career working at Digital Equipment Corporation where he held numerous engineering, marketing and management positions.

"I have been involved in the technology marketplace with a number of promising, leading edge companies, but I haven't been inspired to take on the CEO role again until now," said Allan Wallack, CEO at Akorri. "After getting to know founder Richard Corley, the management team and Akorri's unique and industry leading software, I believe the company has the right product at the right time and is extremely well positioned to exploit a high growth market opportunity. I'm looking forward to helping Akorri reach the next stage of its growth as a market leading software company."

Company highlights in 2009 include:

-- Released BalancePoint 3.0 -- the latest version of the company's award-winning virtual infrastructure management software, with richer virtual machine and storage analysis, broader interoperability, and user interface improvements

-- Acquired new customers in a variety of industries including Christian Broadcasting Network, Epsilon, Kronos, Merkle, Sandridge Energy, SCI, and VistaPrint that are using BalancePoint's powerful analytics to optimize both virtual and physical server and storage environments

-- Appointed three seasoned executives to its management team: Bill Simpson and Warren Mead to lead Worldwide and Channel Sales, and Jim Comstock to lead Marketing

-- Won Gold in the SearchServerVirtualization Product of the Year Awards

-- Named a "Visionary" within Gartner's SRM Magic Quadrant

-- Named as one of the "Ten Virtualization Vendors to Watch" by CIO Magazine

-- Named as one of the Top 20 Storage Products from VMworld by ChannelWeb

-- Named a top-rated virtualization management tool by

About Akorri BalancePoint

BalancePoint allows IT organizations to optimize virtual and physical server and storage infrastructure to reduce costs and assure service levels as companies advance through the stages of virtualization adoption and into private cloud computing. BalancePoint provides an infrastructure-wide analytical systems management solution that offers visibility and control to troubleshoot and assure performance, plan server and storage capacity, and manage service levels. BalancePoint is available as a virtual appliance, supports VMware vSphere, plugs into VMware vCenter and plans to support Microsoft Hyper-V and all other major hypervisor technologies. It interoperates with all the major storage vendors including EMC, HP, NetApp, IBM, Dell EqualLogic, Hitachi Data Systems, and 3PAR.

To view a short overview of BalancePoint click here

To watch a BalancePoint demo click here

About Akorri

Akorri develops cross-domain analytical software solutions that optimize performance and utilization in the dynamic data center. BalancePoint virtual infrastructure management software provides automated, infrastructure-wide visibility and analysis to help enterprises fix problems, optimize utilization and improve performance for both virtual and physical servers and storage. IT organizations use BalancePoint to reduce IT infrastructure total cost of ownership and ultimately enable a service oriented infrastructure. Follow Akorri at For more information, visit

Akorri, BalancePoint, Cross-Domain Analysis and the Akorri logo are trademarks of Akorri, Inc. All other trademarks used or mentioned herein belong to their respective owners.

Contact Information

  • Contact:
    Lisa Allocca
    Red Javelin Communications, Inc.
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