SAN JOSE, CA--(Marketwire - March 29, 2011) - Nimble Storage, developer of the first converged storage and backup solution, today announced Suresh Vasudevan has been appointed the company's new CEO. Vasudevan spent nearly a decade at NetApp in a wide range of executive positions, and followed that with a successful stint running Omneon, a digital storage company for the media industry which was acquired at the end of 2010 under his leadership. This announcement comes on the heels of Nimble Storage's placement on The Wall Street Journal's The Next Big Thing list. Since its launch in July of 2010, Nimble Storage has more than tripled its revenue against aggressive projections and gained widespread adoption by enterprises for its unique approach to primary storage, backup and disaster recovery.
"As one of our board members since 2009, Suresh has been instrumental in helping bring Nimble Storage's solution to market," said Varun Mehta, founder and former CEO of Nimble Storage. "Suresh's leadership skills, track record, and cultural fit make him the perfect leader to take Nimble Storage to the next level. I expect this to be a seamless transition, and I will remain deeply involved in the company, focusing my efforts on driving engineering innovation and future product development."
Vasudevan was most recently CEO of Omneon, which he navigated through the most challenging period in the media industry in decades, and ultimately led the company to a successful acquisition by Harmonic in late 2010. Prior to Omneon, he was senior vice president of product operations at NetApp and also a member of the company's executive team, overseeing all product operations for the NetApp product portfolio. During a decade-long career at NetApp, Vasudevan led the company's product strategy and product development, and was a key architect of the steady expansion of NetApp's product portfolio into new markets. At the helm of NetApp's Decru subsidiary in 2006, he led the team that grew Decru's revenues from $6 million to $45 million in one year. Prior to NetApp, Vasudevan worked at the management consulting firm McKinsey & Co. in New Delhi, Mumbai and Chicago as a senior engagement manager, focusing on product marketing, operations and marketing strategy.
"Nimble Storage has achieved remarkable early success, and I couldn't be more thrilled to be joining the team," said Vasudevan. "If incumbent storage vendors had the opportunity to shed their legacy systems and rebuild their core architectures, they would have taken the approach that Nimble Storage did. Our next challenge is to double the team this year to capitalize on a huge market opportunity and ultimately drive the business toward IPO."
Nimble Uniquely Addresses Customer Challenges
Nimble Storage's CS Series solves some of the toughest challenges in enterprise data storage:
- Cost and Complexity: Nimble Storage's converged primary and backup storage dramatically reduces storage cost and complexity, cuts backup and restore times from hours or days to under one minute, and provides a comprehensive, cost-effective and easy-to-implement approach to disaster recovery.
- Data Retention: As requirements and regulations for data archiving grow, Nimble Storage reduces data storage volumes through highly effective capacity optimization, reducing storage costs and simplifying file restoration.
- Enterprise Data Loss: As data losses across the enterprise continue to mount, Nimble Storage addresses the challenge by offering capacity-optimized snapshots on SATA drives that enable storage administrators to store up to 90 days of backups
- Data Reuse: As enterprise needs for data reuse grow, Nimble Storage's "zero copy" cloning allows copies of entire storage volumes to be created without any appreciable increase in storage capacity requirements.
Disruptive Innovation
Nimble Storage's CS Series is based on its Cache Accelerated Sequential Layout (CASL™), which enables fast inline data compression, intelligent data optimization leveraging flash memory and high-capacity disk, instant optimized backups, and WAN efficient replication -- all in a single device. CASL allows organizations to reduce their capital expenditures for storage and backup while eliminating the need for separate, disk-based backup.
About Nimble Storage
Nimble Storage has developed the first converged storage and backup solution that significantly reduces the cost and complexity of storing, accessing, and protecting data for enterprises. The company's CASL architecture uniquely combines flash and high-capacity disk to support the most demanding primary applications and reduces backup windows and restore times from hours to seconds -- all for 60 percent lower cost than existing solutions. Nimble Storage also provides a simple, cost-effective disaster recovery solution that offers business continuity and long-term data protection. Nimble Storage solutions are available through a nationwide network of IT solution providers. For more information visit www.nimblestorage.com.
©Nimble Storage and CASL are trademarks or registered trademarks of Nimble Storage. Other trade names or words used in this document are the properties of their respective owners.
Contact Information:
Media Contact:
Gary Good
Trainer Communications
707-837-1718