SOURCE: Coraid

Coraid

May 11, 2011 06:00 ET

Coraid's Chairman of the Board Wins Prestigious Female IT Innovation Award

Audrey MacLean Recognized by the National Center for Women & Information Technology for Her Entrepreneurial Accomplishments

REDWOOD CITY, CA--(Marketwire - May 11, 2011) - Coraid® Inc., a leading developer of Ethernet SAN storage solutions with more than 1,300 customers worldwide, today announced that its Chairman of the Board, Audrey MacLean, is the recipient of the annual National Center for Women & Information Technology (NCWIT) Symons Innovator Award. The NCWIT Symons Innovator Award honors an outstanding woman who has successfully grown and funded an information technology (IT) business. MacLean has founded and invested in over two dozen successful high-tech companies in the past twenty-five years. She has been a consulting professor at Stanford University in the School of Engineering since 1995 and has been featured on Forbes' Midas Touch List, Fortune's Most Powerful Women and Businessweek's Top 50 Business Women in America. In a Forbes' cover article she was dubbed, "The One to See in Silicon Valley." MacLean's most recent accomplishment is the lead she took in building out a new management team and securing $35 million in funding for storage start-up Coraid. Coraid redefines storage economics with its EtherDrive storage solutions and delivers a five-to-eight times price-performance advantage over legacy storage.

The award is named in memory of Jeanette Symons, founder of Industrious Kid, Zhone Technologies and Ascend Communications. Previous winners include Kim Polese in 2010 and Anousheh Ansari in 2009. Audrey Maclean was chosen as the 2011 winner from more than 50 finalists.

"By recognizing successful IT entrepreneurs who happen to be women, we hope to inspire more women to pursue entrepreneurship in IT," said Lucy Sanders, NCWIT CEO. "Technology innovation thrives on a diversity of perspectives and solutions."

"Over more than three decades in high tech I've learned that most great innovations are a result of great team work," said MacLean. "I continue to be inspired by the industry impact created by the talented teams I've been a part of, most recently at Coraid. I am truly honored and humbled by this award and thank NCWIT for the recognition."

MacLean will be recognized at an award celebration on May 25, 2011, in New York City hosted by NCWIT and MTV Networks. The celebration is open to the public and more information can be found at http://www.ncwit.org/innovatoraward.

Other Accomplishments
MacLean founded Network Equipment Technologies in 1983, a company considered the market share leader in Wide Area Networking that went public in 1987. In 1988 she co-founded and was CEO of Adaptive, which merged with N.E.T. in 1993. Audrey served as a director or advisor in addition to a seed investor for a dozen companies that went public or were acquired. Those that went public include AdForce, dsl.net, Pete's Brewing, Pure Software and Selectica. Those acquired include Achieva (sold to Kaplan), Amplitude (sold to Critical Path), Applied Discovery (sold to LexisNexis), Avidia (sold to Pair Gain), Centrality (sold to Sirf), Firefly (sold to Microsoft), InternetMiddleware (sold to Network Appliance), Ironport (sold to Cisco), Radiance (sold to Comcast) and specialtyMD (sold to Chemdex).

In addition to her role as chairman of Coraid she currently serves on the board or advisory board of a number other start-ups, including Andalou, BeyondCore, Finesse, Hopscout, Loopt, mOasis, Queplix, Skybox, SolumTech and StarMaker.

MacLean has also been an affiliate investor in many of Silicon Valley's leading venture firms, including Accel Partners, Benchmark, DFJ, Foundation Capital, Kleiner Perkins, Mayfield, Menlo Ventures, Mohr Davidow, NEA and Redpoint. She serves on the boards of the Center for Venture Education and the University of Hawaii, Maui College.

About Coraid
Coraid redefines storage economics with its breakthrough line of EtherDrive storage solutions. EtherDrive delivers scale-out performance, Ethernet simplicity, and a five-to-eight times price-performance advantage over legacy storage. Designed from the ground up for virtualization and cloud architectures, Coraid solutions have been deployed by more than 1,200 customers worldwide. For more information, visit www.coraid.com or follow Coraid on Twitter at www.twitter.com/Coraid_Inc or LinkedIn at http://www.linkedin.com/companies/769557.

Coraid and EtherDrive are registered trademarks of Coraid, Inc. CorOS is a trademark of Coraid, Inc. All other marks referenced are the property of their respective owners.