SOURCE: FogHorn Systems Inc.

FogHorn Systems Inc.

July 27, 2016 06:00 ET

FogHorn™ Systems Expands Executive Management Team

New Leadership Joins Silicon Valley Industrial IoT Startup as It Prepares for Rapid Growth

MOUNTAIN VIEW, CA--(Marketwired - Jul 27, 2016) - FogHorn Systems, a leading developer of "edge intelligence" software for industrial and commercial IoT applications, announced today the addition of two new executives to build out its management team under the leadership of FogHorn CEO David C. King and CTO Sastry Malladi. Joining the company are VP of Product Management Steven Sit and VP of Business Development David Canavan.

"The addition of Steven and David gives FogHorn tremendous leadership depth right at the outset, which is a rarity among IoT startups," said King. "The wealth of knowledge that each of these executives brings to the table in Big Data and IoT, plus their prior successful management track records, will enable FogHorn to deliver breakthrough edge analytics solutions for both customers and partners and significantly accelerate the growth of the company. Adding these two strong executives signals our readiness to attract and recruit a large number of talented engineers and customer-facing staff to join the rapidly growing FogHorn team."

The newly expanded management team is focused on driving technology innovation, product enhancements and go-to-market expansion in the rapidly emerging domain of "intelligence at the edge" or "fog computing." To date, the company has created an extensive industry partner ecosystem of global leaders in Industrial IoT solutions (GE, Bosch, Yokogawa), cloud computing (Cloud Foundry, Microsoft, SAP), edge gateways (Dell, HPE, Cisco) and IoT systems integration (Cognizant, Infosys, TCS). Several of those key strategic partners participated in FogHorn's recently completed round of Series A venture funding.

The Team

CEO David King joined FogHorn Systems in 2015. Prior to joining FogHorn, David co-founded AirTight Networks, Inc., a technology leader in wireless security and cloud-managed Wi-Fi, where he served as chairman and chief executive officer from 2004-2015, leading the company through four successful rounds of venture capital funding. Before AirTight, he served as chairman, president and chief executive officer of Proxim Inc., a pioneer in WLANs and the first publicly traded Wi-Fi company, from 1993-2002. David led Proxim through a successful IPO in 1993 and 20x revenue growth as a public company during his tenure as CEO.

CTO Sastry Malladi came to FogHorn with extensive experience in developing and designing highly scalable and distributed systems in the areas of big data, SOA, microservices architecture, and cloud computing. As CTO, Malladi is responsible for overseeing all technology and product strategy, and development. Before joining FogHorn, Sastry was chief architect of StubHub, an eBay company, where he led the technology architecture transformation and also spearheaded Big Data initiatives and data-driven decisions. He was also a key technology executive at eBay, leading the technology re-platforming effort from its monolithic architecture to the distributed and scalable service-oriented architecture that it is today.

VP of Product Management Steven Sit oversees FogHorn's product strategy and planning, including product-related customer support and services. He brings over 20 years of enterprise software experience to FogHorn, spanning diverse roles in strategy, product management, engineering, and technical sales. Prior to joining FogHorn, Sit served as director of product management and was a founding member in 2010 of IBM's big data organization where he oversaw product planning and strategy. He led the field engineering team worldwide for product delivery that successfully helped IBM customers and partners realize value from big data and Analytics applications using open source technologies. Sit helped drive significant portfolio revenue growth in big data owing to the organization's rapid customer uptake.

VP of Business Development David Canavan is responsible for the development of strategic alliances, channel sales and market development. He has a proven track record in business development, corporate development and channel sales initiatives for leading technology organizations in the security and IoT technology markets. Before joining FogHorn, Canavan served as senior vice president of IoT channel sales, business development and ecosystem partners at PTC (ThingWorx) as well as executive vice president of business development and OEM sales at Axeda Corporation responsible for driving the company's corporate development, strategic alliances and channel sales. Axeda later became a PTC acquisition in the IoT space.

Director of Product Marketing Yuta Endo heads product marketing and strategic alliances and is one of the original members of the FogHorn team. Prior to joining FogHorn, Endo worked at Cisco Systems where he bootstrapped the new IoT Division by leading product management and strategic industrial partner relationships to drive the company's industrial IoT vision, strategy and execution from 2011-2014. Before he co-founded the IoT Division, Endo served as senior manager of product management responsible for Cisco's core enterprise portfolio.

About FogHorn Systems
FogHorn is a leading developer of "edge intelligence" software for industrial and commercial IoT applications. FogHorn's software platform brings the power of machine learning and advanced analytics to the on-premise edge environment enabling a new class of applications for advanced monitoring and diagnostics, asset performance optimization, operational intelligence and predictive maintenance use cases. FogHorn's solutions are ideally suited for OEMs, systems integrators and end customers in vertical markets such as manufacturing, power and water, oil and gas, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building and connected vehicle use cases.

FogHorn is a trademark of FogHorn Systems. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

For additional information, please contact info@foghorn-systems.com

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