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Cloud Automation and Security Company Enlists Former CEOs and a Prominent Venture Capitalist as It Scales for Growth

FREDERICK, MD – May 31, 2018 — /BackupReview.info/ — Fugue, the company automating security and compliance in the cloud, today announced that John Morris, former CEO of Cleversafe, and Will Dunbar, general partner at Core Capital Partners, are joining its board of directors. The company also announced that Frank Slootman, chairman and former CEO of ServiceNow, is joining its board of advisors.

“We’re excited to add these exceptional professionals to the Fugue boards,” commented Josh Stella, Fugue’s CEO and co-founder. “John has had a storied career of success in both large companies and in scaling startups to great effect. Core Capital Partners has been a Fugue supporter from the earliest days, and Will understands the great value Fugue offers now and our vision for the future. As for Frank, his track record of success, knowledge of how to scale, and passion for our mission make him a profound addition to Fugue.”

Joining the board of directors:
John Morris has led a distinguished career with both small and large companies, most recently serving as president and CEO of Cleversafe, a venture-backed software company providing clients with large-scale content repository, backup, archive, collaboration, and storage-as-a-service offerings. Cleversafe was acquired by IBM for $1.3 billion in 2015. Previously, as EVP of Worldwide Field Operations at Juniper Networks, he added more than $1 billion to the company’s top line.

“While enterprise adoption of cloud advances at an extraordinary pace, the problems of cloud security and compliance have emerged as major challenges,” said Morris. “I’m excited to get involved with a company whose product and technology hold so much potential to be disruptive in such a positive way.”

Will Dunbar co-founded Core Capital Partners in 1999 and has served as Managing Director since then. He focuses on investments in enterprise-related SaaS and internet technology companies and currently serves on the boards of a number of other early-stage companies. Before starting Core Capital Partners, Dunbar had 13 years of venture capital and private equity experience in both large and small firms. He replaces Pascal Luck as the Core Capital Series A designee to Fugue’s board of directors. Luck had served on the board since the original convertible debt financing in July 2013 and as a Series A designee since February 2014.

“It’s been remarkable to watch Fugue build out a world-class team focused on addressing some of the most challenging problems enterprises face in the cloud,” said Dunbar. “Fugue got the vision early on, and, as their first institutional investor, it’s exciting to watch them deliver on that vision.”

Joining the board of advisors:
Frank Slootman is the chairman of ServiceNow, Inc. (NYSE:NOW), a Silicon Valley-based enterprise cloud software company, and served as its president and CEO from 2011 to 2017. Prior to this, he served as president and CEO of backup, archive and disaster recovery provider Data Domain from 2003 to 2009, when it was acquired by EMC.

“I’ve been involved in many companies uniquely positioned to take on huge market opportunities, and Fugue is one of them.” said Slootman. “With Fugue, enterprises can proactively address the underlying security and compliance issues to reduce risk and be more innovative, and that’s why I’m excited to get involved.”

Fugue is off to a newsworthy start in Q2, having just announced two new case studies on how customers are enforcing compliance in the cloud with Fugue. More information can be found here – http://bit.ly/2Jg5RQq

About Fugue
Fugue is a cloud infrastructure automation and security solution that enforces security and compliance policies across the organization. Fugue patented technology ensures that an enterprise’s cloud resources are always provisioned according to a single source of truth – and stay that way. Fugue is the only product that automatically remediates cloud security and compliance risks by reverting infrastructure changes back to a known good state. Privately held and headquartered in Maryland, Fugue’s investors include New Enterprise Associates, Future Fund, Maryland Venture Fund, and Core Capital Partners. Gartner named Fugue a Cool Vendor in Cloud Computing 2017. To learn more about Fugue, visit www.fugue.co

Contact:
for Fugue
Gabrielle Jasinski
708-732-3913
gabrielle@bospar.com

Source: Fugue

 

 

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