SOURCE: Platform Solutions, Inc.

July 20, 2005 07:00 ET

Platform Solutions, Inc. Expands Board Adding Accomplished Industry Executive

Larry Mueller Named as Board Member to Augment PSI Team

SUNNYVALE, CA -- (MARKET WIRE) -- July 20, 2005 -- Platform Solutions, Inc. (PSI), the first developer of a new generation of mainframe computers, today announced the company has expanded its board of directors and appointed senior technology executive Larry A. Mueller as a new member of the board.

Mr. Mueller has a proven track record of achieving extraordinary growth by employing sound operating principles and delivering measurable results for customers, which he most recently accomplished while serving in the roles of CEO, President, and COO at Ariba. While at Ariba, he grew the company from 240 employees to 1500 with a $35B market capitalization. Prior to Ariba, Mr. Mueller was Chief Operating Officer at JD Edwards, where he increased revenues from $40 million to $350 million in 36 months. Mr. Mueller began his career at IBM, and held multiple positions including Group Director of Marketing and Channel Operations, IBM USA; Director of Mid-range Operations, IBM Europe; and Executive Assistant to the Chairman, IBM Europe.

"PSI is fortunate to gain the business depth and expertise that Larry brings to our team," said Michael Maulick, President and CEO of Platform Solutions, Inc. "Larry has the business acumen and the executive relationships required for a company such as PSI to transform from a start-up to an industry force. He will play a key role in advising the company on business execution and corporate governance as we bring our technology to market and build our infrastructure to accommodate significant growth."

"This is a critical time in the evolution of the datacenter," said Mr. Mueller. "Customers are demanding a choice in mainframe computing and PSI is in a unique position to capitalize on this opportunity. They have the heritage and expertise in legacy server systems combined with tremendous knowledge of open systems and strong global partnerships. I am thrilled to join the PSI team and plan to draw from my past experiences to help realize the company's goals and objectives."

Mr. Mueller has a bachelor's degree in business administration from the University of Wisconsin.

About PSI

Platform Solutions, Inc. (PSI) is the first developer of a new generation of mainframe computers compatible with the broadest set of datacenter environments and operating systems, including IBM® z/OS®. The new PSI systems are based on proven systems architecture spun-off from Amdahl® Corporation and industry standard Intel® Itanium® 2 processor technology, and provide customers true choice and flexibility in mainframe computing. The company was launched in 2003 and is funded by leading venture and strategic investors, including Blueprint Ventures, Goldman Sachs, Intel Capital, Interwest, and Investcorp. The company is based in Sunnyvale, California.

For more information please visit www.platform-solutions.com.

Contact Information

  • Contact:
    Rich Moore
    New Venture Communications
    650-292-2071

    Christian Reilly
    Platform Solutions, Inc.
    408-720-3534