SOURCE: Panasas

Panasas

March 04, 2010 06:00 ET

Panasas Fuels Momentum by Adding Two Top Executives to Its Leadership Team

FREMONT, CA--(Marketwire - March 4, 2010) -  Panasas, Inc., the leading provider of high-performance scale-out NAS storage solutions, today announced that it has appointed Bob Schoettle as chief marketing officer and Anthony Yeates as vice president of sales for EMEA. Both executives will be focused on continuing the company's accelerated growth and aggressive pursuit of new markets. Panasas exited 2009 with a strong growth rate of 25 percent and a twofold increase of channel revenues in EMEA.

Schoettle brings over 25 years of high technology marketing leadership experience to Panasas. He has a strong track record of successfully bringing new products and applications to market as well as rapidly driving revenue growth in emerging companies. Recently, he spent five years as interim chief marketing officer/vice president of marketing for a series of venture funded private companies including SenSage, Innopath, Qumu and Kelkea, securing venture capital investments and driving successful exits. Previously, Schoettle served as vice president of marketing for iPass and Intraspect and also held key marketing management positions with ROLM/IBM.

Yeates, a 12-year storage industry veteran, brings extensive channel experience and a proven track record in growing revenues for large companies and emerging businesses. Prior to joining Panasas, Yeates served as vice president of sales for Spectra Logic in EMEA, where he built a successful channel ecosystem of distributors, VARs, and system integrators, resulting in a more than 200 percent CAGR (compound annual growth rate) in revenues during his nine-year tenure. At Overland Storage, he spearheaded sales in Northern Europe, where he developed new distributors and a large base of storage resellers to expand the company's market presence and application footprint.

"Panasas' storage solutions offer unprecedented performance, scalability and manageability for businesses with demanding storage environments, and we are entering a major growth phase for the company," said Randy Strahan, CEO of Panasas. "Both Bob and Anthony have proven track records of successfully developing and implementing marketing and sales initiatives to forge strategic alliances and attract new customers and distribution partners."

About Panasas
Panasas, Inc., the leader in high-performance scale-out NAS storage solutions, enables enterprise customers to rapidly solve complex computing problems, speed innovation and bring new products to market faster. All Panasas solutions leverage the patented PanFS™ storage operating system to deliver exceptional performance, scalability and manageability. Panasas systems are optimized for demanding storage environments in the energy, government, finance, manufacturing, bioscience and higher education industries. For more information, visit www.panasas.com.

Panasas, the Panasas logo, and PanFS are trademarks or registered trademarks of Panasas, Inc. All other trademarks are the property of their respective owners.

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