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Company well positioned to extend its market share in the cloud computing industry
King of Prussia, PA, September 07, 2012 — /BackupReview.info/ — Xtium, Inc., a leading enterprise software and solutions company providing managed cloud hosting, online backup and virtual disaster recovery services, today announced the appointment of software industry veteran, Tim Buckley, as chief executive officer and board member.
Buckley spent five years at Red Hat, Inc., where he served as chief operating officer, helping grow the company from a $10 million run rate into a leading global services business. Earlier in his career, Buckley ran worldwide sales for Visio Corporation, growing the company from a start-up to a public entity, which was acquired by Microsoft Corp. for $1.5 billion. Buckley helped launch other successful start-ups, including Aldus Corporation, acquired by Adobe Systems Incorporated; Approach Software, which was sold to Lotus Corporation; and Decision Resources, sold to Ashton Tate. He was an advisor to MySQL, which was acquired by Sun Microsystems, and served on the board of SmartPath, acquired by DoubleClick. Buckley currently serves on the boards of SciQuest, Inc. (NASDAQ: SQI), ChannelAdvisor and rPath, an app engine provider for the private cloud.
“Cloud computing has created a paradigm shift in the technology marketplace and Xtium is well positioned to capitalize on the resulting market opportunity,” said Buckley. “The paradigm shift from in-house IT computing to outsourcing to the cloud is similar to the shift I experienced at Red Hat, bringing enterprise open source software to a market that only had proprietary software options. After evaluating the Xtium market opportunity, its recurring services business model and the customer-focused culture, my decision to join was easy.”
In September 2011, Xtium secured an $11.5 million first-round investment from OpenView Venture Partners to scale sales and marketing, expand the partnership ecosystem and accelerate delivery of the company’s flagship virtual private cloud services.
“Tim’s reputation and track record for outstanding leadership and management of high growth software companies is as good as it gets,” said Scott Maxwell, founder and senior managing director at OpenView and Xtium board member. “It is great to have him on board!”
Xtium’s full-service cloud offerings are best fit for companies that want to have a trusted partner architect their cloud solution, perform the migration and manage the infrastructure. With a focus on mid-market enterprises, Xtium offers customers SLA-based services that range from network optimization and online backup to virtual disaster recovery and fully managed hosting.
Since winning its first managed cloud customer in 2007, Xtium has expanded its portfolio of cloud services to include virtual disaster recovery, virtual hosting, virtual desktop infrastructure, smart connectivity and network and user-experience acceleration.
“Strong focus will enable us to enhance and expand our customer relationships, further build our team, and develop additional service capabilities that help customers accelerate their hassle-free transition to the cloud,” said Buckley.
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