SOURCE: Njini, Inc.

November 08, 2006 13:31 ET

Njini Bolsters Management Team With New VP Sales EMEA and Product Marketing Director

High Profile Executive Appointments Place Njini in Ideal Position to Capitalise on Growing Demand for Information Asset Management Software

LONDON -- (MARKET WIRE) -- November 8, 2006 -- Njini Inc., a pioneer in Information Asset Management, today announces the appointment of Doug Rich as VP of sales EMEA and Phil Maynard as product marketing director as the company continues to strengthen its management team to capitalise on the growing global demand for Information Asset Management (IAM) technology. Leading storage analyst firm Enterprise Strategy Group (ESG), predicts reference information, or unstructured data, will represent 58 percent of new corporate and government information by the end of 2006 and will grow at an astounding rate of 92 percent between 2005 and 2010. The IAM market is forecast to grow to a billion dollars within the next five years as companies embrace solutions that help them manage the growing mountains of unstructured data.

With 20 years of sales and marketing experience in launching and running Software companies in EMEA, Doug Rich has an outstanding pedigree in delivering significant sales growth and is responsible for driving uptake of the company's flagship software 'Njini IAM' across EMEA. Previously Doug was VP sales EMEA at OuterBay Technologies, where he launched the company in EMEA and grew regional revenues in excess of 400% before OuterBay's sale to Hewitt Packard. Prior to that Doug worked at VERITAS for seven years and was a founding member of VERITAS EMEA, where he became regional director EMEA North -- dramatically expanding sales operations and generating unprecedented sales growth.

Phil Maynard has more than 18 years experience in the storage industry and is responsible for all aspects of Njini's global product marketing. Formerly a principal consultant at ITM Consulting, Phil has specialist knowledge in product marketing, product and services development, channel sales expansion and strategic OEM sales. Prior to that Phil was VP product management and services development (EMEA) at Glasshouse Technologies, where he was responsible for the development of services and product management and instrumental in the creation and launch of the Glasshouse Storage Services offering.

"There are significant sales opportunities in the information management market, especially for companies with the right teams and products to help businesses manage the huge growth in unstructured business data," said Rich. "Njini is already experiencing increasing demand for its software across the globe and is ideally placed to take advantage of the market's expected growth."

"Information Asset Management is commonly accepted as a key element in the battle to control and truly understand the value of business data," adds Maynard. "Only by having the means to classify precisely what information you are dealing with, is it possible to understand the true value that particular information set holds for your business. Njini has developed a unique real time solution that allows businesses to classify data as it is created in real time. I'm looking forward to helping deliver this powerful message to Njini's potential customers and continue to set us apart from the competition."

David Jones, CEO at Njini, concludes: "The appointment of Doug and Phil adds significantly to our ability to take advantage of the growing demand for IAM software. Both have a proven ability to execute successful sales and marketing strategies that deliver significant results. IAM is currently the hottest technology in the storage space, so it's great to have them on board as we look to continue our momentum and growth in 2006 and beyond."

By using the Njini software an organisation can reduce their annual cost of storage by 20%-40%. Njini also significantly reduces the risk of regulatory breach brought on by stricter corporate governance regulations which require companies to actively manage data integrity and security and ensure that they can quickly make information available to outside parties.

About Njini Inc.

Coping with the ever-increasing influx of data is one of the biggest challenges facing corporations today. Njini solves this problem through Information Asset Management. Information Asset Management automatically tags files with business relevant information in real-time and automates file management to significantly reduce the cost of storage and improve information security, integrity and compliance.

Founded in 2003, by Phil Tee and Mike Swoboda, successful serial entrepreneurs, Njini is headquartered in London with operations in the US and Europe and backed by venture capitalists Accel Partners, Add Partners and Intel Capital. With a combined experience of over 100 years in the storage, networking and systems management industries, the Njini management team brings intensive business and technical know-how to bear on this revolutionary new IT category.

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