SOURCE: Xsigo Systems, Inc.

May 02, 2011 07:00 ET

Xsigo Names Mark Leslie as Chairman of the Board

SAN JOSE, CA--(Marketwire - May 2, 2011) - Xsigo Systems, Inc., the leader in data center I/O virtualization, today announced that Mark Leslie has been appointed as Chairman of the Board of Directors.

"Xsigo's Board of Directors unanimously selected Mark Leslie based on his experience leading fast-growth companies to extraordinary new heights," said Ashok Krishnamurthi, Xsigo's founder and vice chairman. "Xsigo is experiencing phenomenal growth, quadrupling revenue year over year by attracting marquee customers such as salesforce.com, Accenture, Capgemini, and more. Mark's industry leadership and experience make him ideally suited during the company's ongoing rapid expansion."

"Xsigo is poised to play a pivotal role as cloud computing drives the next big enterprise data center transition from virtualized servers to fully virtualized infrastructures," said Leslie. "Companies can no longer afford the status quo as both cloud service providers and internal IT organizations deploy innovative technologies such as Xsigo's virtual I/O to dramatically reduce costs, spurring an industry-wide transformation that will further propel Xsigo's growth. I am delighted to be assuming the Chairman's role at this exciting time in the company's history."

Leslie is the managing director of Leslie Ventures, a private investment company, and serves on the boards of a number of private companies and nonprofit organizations including Big Switch Networks, Librato Software, Model N, Pure Storage, SeaMicro Systems, Sugar CRM, Wall Street Systems, NYU Board of Overseers and NYU Science Advisory Board. He is also a Lecturer in Management at Stanford Graduate School of Business.

Leslie was the founding Chairman and CEO of Veritas Software. Under his leadership, the company went from 12 employees to 6,000 employees deployed globally, and from a revenue base of $95,000 per year to $1,500,000,000 per year. In 2001, Veritas was the 10th largest independent software company by revenue, third largest by market capitalization, and achieved the distinction of becoming a Fortune 1000 company. Prior to Veritas, Leslie served as president and chief executive officer of two Silicon Valley high-tech start-up companies.

About Xsigo Virtual I/O
Virtual I/O technologies enable the private cloud and consolidate data center infrastructure by allowing a single server connection to act as many, in the same way a virtualized server enables one physical server to appear as multiple devices. With the Xsigo I/O Director, customers can now immediately reduce cabling requirements by 70 percent, cut power consumption by 30 percent, and complete routine management tasks in seconds rather than hours or days. Xsigo's unique virtual I/O technology offers unprecedented levels of performance, scalability, and ease of use, allowing data center managers to connect any server to any network and any storage resource in minutes rather than days or weeks.

About Xsigo Systems
Founded in 2004, Xsigo Systems, Inc. is the leader in data center I/O virtualization, helping organizations reduce costs and improve business agility. Based on patented and award-winning technology, Xsigo offers a complete I/O virtualization product family which includes the VP560 and VP780 I/O Directors. Xsigo has hundreds of customers, partners and resellers around the globe and services multiple industries including financial, education, government, entertainment, technology and telecommunications. The privately held company is based in San Jose, Calif., and funded by Kleiner Perkins, Khosla Ventures, Greylock Partners and North Bridge Venture Partners. For more information, visit www.xsigo.com.

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