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24 Oct 2012
Proven Investor and Executive Brings a Wealth of Experience in Enterprise and Infrastructure Software
San Francisco, CA, Oct. 22, 2012 — /BackupReview.info/ — RainStor, a provider of database solutions for Big Data, today announced the appointment of David Schwab to its Board of Directors. Schwab will join a group of seasoned executives, including Peter Norley, Credit Suisse MD and Global COO of the Equities Group, and Voytek Siewierski, partner at Rogers Venture Partners, both recent investors, in addition to George Powlick of Doughty Hanson, and Tim Danford of Storm Ventures and Pete Malcolm.
“RainStor is committed to providing enterprise customers with a market leading Big Data database, and we are making the right investments necessary to build the business and be a leader in this exciting and fast paced market,” said John Bantleman, CEO at RainStor. “I have known Dave for more than 15 years. His expertise and business acumen in the enterprise software space is unmatched, and we are delighted to have him join the team.”
Schwab is currently managing director at Sierra Ventures and brings more than 20 years of experience in the high-tech industry. He joined Sierra Ventures in 1996 and focuses on investments in the enterprise software and infrastructure software industries.
Prior to joining the venture capital community, Schwab’s professional career began at Lockheed Corporation in the software engineering department, where he served as software engineer and engineering manager. Following his tenure at Lockheed, he joined Sun Microsystems from 1986 to 1991 in sales and sales management. In 1991, Schwab co-founded Scopus Technology, and while there, served as vice president of sales. Siebel Systems acquired Scopus Technology after a successful IPO.
“Big Data is both a significant business opportunity and an IT problem,” Schwab said. “There is a real opportunity to address enterprise requirements for Big Data, and RainStor’s database technology delivers what enterprises are looking for – scalability, performance and a compelling TCO. I look forward to working with the RainStor team and helping them build a great company in this emerging market, which is poised to disrupt the way companies think about data and how to manage it.”
Today’s news follows RainStor’s recent announcement that it secured $12 million in Series C funding from leading global financial services organization, Credit Suisse, and Rogers Venture Partners. Existing investors Doughty Hanson Technology Ventures, Storm Ventures and The Dow Chemical Company also participated in the round. The new funding will be used to accelerate engineering and expand a world-class team across direct and indirect sales and marketing to maintain Big Data market leadership serving financial services, government, communications and other sectors driving the Big Data wave.
RainStor is a privately held company with offices in San Francisco, USA and Gloucester, UK.
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