July 14, 2008 16:05 ET

BlueArc Appoints Rick Martig Chief Financial Officer

SAN JOSE, CA--(Marketwire - July 14, 2008) - BlueArc® Corporation, a leader in scalable, high-performance unified network storage, today announced the appointment of Rick Martig as chief financial officer (CFO) effective today. Martig will be responsible for finance and human resources functions, and brings more than 22 years of experience in finance, accounting and management to BlueArc. Martig takes the CFO reins from Mike Hasley, who will remain on board to ensure a smooth transition.

"As a seasoned industry veteran with direct public market experience, Rick brings great capabilities to the BlueArc team," said Mike Gustafson, president and chief executive officer, BlueArc Corporation. "We value his insight from global leadership roles and his years of experience in building teams to execute through companies' expansion. These are qualities and experiences that are foundational as we continue to execute our growth initiatives."

Martig comes to BlueArc from Genesis Microchip (now STMicroelectronics), a leading supplier of display image processors in the flat-panel TV and LCD monitor markets. At Genesis he served as the company's CFO and senior vice president of finance. Previously, Martig spent 12 years at Xilinx, a worldwide leader in field programmable gate array (FPGA) solutions, where he served as the senior director of corporate finance and managed the company's worldwide accounting organization. He was responsible for creating an internal compliance organization, and oversaw accounting operations in San Jose, Calif.; Dublin, Ireland; and Singapore. Martig also spent six years leading the business unit finance teams, working closely with all operational organizations at Xilinx during the high growth period of a multi-million to a billion-dollar company.

"I look forward to contributing to BlueArc's success," said Rick Martig. "BlueArc is uniquely positioned in the network storage market with strong technology leadership and a terrific value proposition based on unmatched performance, scalability, versatility and simplicity."

Martig is a graduate of the University of Santa Clara with a B.S. in finance and holds an MBA from St. Mary's College.

About BlueArc

BlueArc is a leading provider of high-performance unified network storage systems to enterprise markets, as well as data intensive markets, such as electronic discovery, entertainment, federal government, higher education, Internet services, oil and gas and life sciences. Our products support both network attached storage, or NAS, and storage area network, or SAN, services on a converged network storage platform.

We enable companies to expand the ways they explore, discover, research, create, process and innovate in data-intensive environments. Our products replace complex and performance-limited products with high-performance, scalable and easy to use systems capable of handling the most data intensive applications and environments. Further, we believe that our energy efficient design and our products' ability to consolidate legacy storage infrastructures dramatically increase storage utilization rates and reduce our customers' total cost of ownership. Information about BlueArc solutions and services can be found at

Contact Information

  • Contact:
    Louis Gray
    BlueArc Corporation
    (408) 576-6684
    Email Contact