SOURCE: V.i. Laboratories, Inc.

V.i. Laboratories, Inc.

August 23, 2016 09:00 ET

V.i. Labs Taps Industry Veteran to Accelerate Growth of Software Compliance and Usage Analytics Business

John Forbes Joins V.i. Labs as Senior Vice President of Worldwide Sales and Services

WALTHAM, MA--(Marketwired - August 23, 2016) - V.i. Laboratories, Inc. ("V.i. Labs"), a leading provider of cloud-based software analytics solutions to generate actionable intelligence on the use and misuse of applications, today announced the appointment of John Forbes as Senior Vice President of Worldwide Sales and Services. With the company's rapid expansion into new markets, and its continued commitment to increasing value and opportunities for customers, John is responsible for building and motivating a team of seasoned sales professionals to drive new customer acquisition, customer success, and compliance revenue services.

V.i. Labs is growing its management team to continue the growth trajectory for both the company and its customers. V.i. Labs has experienced more than 200 percent growth since 2012 as its solutions and services fuel new revenue streams for customers. Data from its CodeArmor® platform has helped generate more than $1.4 billion in new license revenue for its customers' compliance programs since 2010. Its acquisition of Trackerbird in Q1 2016 addresses the needs of both software vendors and enterprise application development organizations, providing product management and marketing professionals with the intelligence to make data-driven decisions that foster user engagement and accelerate adoption.

"Our customers are increasingly realizing the benefits of software usage analytics as a direct path to drive revenue. John brings a wealth of experience and understanding in meeting the needs of both software vendors and creators of enterprise applications that will be critical to driving customer success," said Joseph Noonan, President and CEO of V.i. Labs. "We are thrilled to have John join the team with his proven ability to support customers while growing the business."

Forbes has more than two decades of experience building and growing successful sales teams. He joins V.i. Labs after twelve years at Flexera Software, a global leader in licensing and compliance solutions, serving as Vice President, Sales since 2010, driving year-over-year sales growth and entering new markets for the company. Prior to Flexera, he held senior sales positions with Cognos, Lumapath, and IONA Technologies.

"V.i. Labs' customer base speaks volumes to the value, ROI, and competitive advantage that software usage analytics delivers, and I'm eager to help drive increased market adoption as the company expands with new offerings," said Forbes. "The company delivers a unique value proposition to our customers as more and more organizations turn to data analytics before making decisions about developing new products, entering new markets, or building effective software license compliance programs."

About V.i. Laboratories (V.i. Labs)
V.i. Labs offers software providers cloud-based analytics solutions to generate actionable intelligence on the use and misuse of their applications. Its software intelligence platform is used by leading vendors to increase license compliance revenue and globally reduce software piracy. Its software usage analytics provide valuable insight into product runtime and usage patterns giving product and marketing professionals the intelligence to make data-driven decisions that drive user engagement and accelerate adoption. V.i. Labs' software intelligence has supported customer compliance programs generating more than $1.4 billion in new license revenue since 2010.

V.i. Labs is located in Waltham, MA, USA and serves customers worldwide. For more information, please visit www.vilabs.com, follow us on Twitter (@vilabs), or read our blog, Code Confidential.

©2016 V.i. Laboratories, Inc. All rights reserved. V.i. Labs, the V.i. Labs logo, CodeArmor, Trackerbird, and Trackerbird Software Analytics are trademarks or registered trademarks of V.i. Laboratories, Inc. All other product and brand names herein are trademarks or registered trademarks of their respective owners.

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