Vess Bakalov, co-founder & CTO of SevOne, joins Xtium’s Board of Directors

King of Prussia, PA – August 20, 2013 — / — Xtium, Inc., a leading enterprise software and solutions company innovating managed cloud hosting, online backup and virtual disaster recovery services, today announced that Vess Bakalov, co-founder and chief technology officer of SevOne, was appointed to the company’s board of directors, expanding the board’s size to four members.

“I am very pleased that Vess has agreed to join Xtium’s board of directors,” said Tim Buckley, CEO, Xtium. “Vess shares our vision of building a company that delivers great technology as well as great service to our customers. His technical background will be particularly important to us in delivering on our vision of automating and enhancing our product offerings.”

Bakalov has over 20 years of experience in the IT industry and currently serves as CTO of SevOne, a technology company that provides the world’s fastest, most scalable IT monitoring and reporting platform. He is responsible for leading SevOne’s product development and design, and for overall vision of the technology architecture. Since co-founding the company in 2005, Bakalov has seen SevOne grow to 220 employees and be named the 75th fastest growing company in North America on Deloitte’s 2012 Technology Fast 500 rankings.

“I couldn’t resist being part of Xtium’s board,” said Bakalov. “The extremely bright, innovative and ambitious team makes Xtium one of the most exciting technology companies in the region with the ability to rival anyone out there. My background will help develop discipline and vision around Xtium’s software development and the go-to-market strategy for enterprise products.”

Prior to SevOne, Bakalov served in a number of senior technical positions at BankOne, including Assistant Vice President and Network Architect. He holds a BS in Computer Science from the University of Delaware.

In addition to Bakalov, Xtium’s board consists of Tim Buckley, CEO of Xtium and former COO of Red Hat, Scott Maxwell, founder and senior managing director of OpenView Venture Partners, and Bradford Stradler, founder of True and IronHill Partners.

About Xtium
Xtium is a leading enterprise software and solutions company innovating managed cloud hosting, online backup and virtual disaster recovery services. We offer companies the most secure virtual private cloud experience with guaranteed application performance across the network. Our architecture is flexible, allowing customers to remain in control. We are the only enterprise service company certified to deliver, SAP®, VMware® and Riverbed® technologies. To learn more, please visit

Jen Wozniak

Source: Xtium

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