Axcient Adds Heavy-Hitting SaaS and Channel Executives to Management Team to Support Exponential Growth

MOUNTAIN VIEW, Calif., April 30, 2012 /PRNewswire/ -- Axcient, the leading provider of cloud-based data and application uptime solutions for the small and mid-sized business (SMB) market, today announced the addition of three key executives to its management team with John Finegan joining as CFO, Jeff Teddleton joining as VP, Operations, and Pam Lyra joining as VP, Customer Satisfaction. Together, these executives have more than 50 years of experience scaling high-growth companies and a track record of successful IPOs. These additions come on the back of the company's recent successes, including a nearly 400% revenue growth year, $15.5M in Series C funding, and major platform expansions that have propelled the amount of Axcient-protected data to the petabyte scale.

(Logo: http://photos.prnewswire.com/prnh/20100504/AXCIENTLOGO)

Axcient makes it simple for business to protect their data, applications, and systems, replacing traditionally fragmented data backup, business continuity, and disaster recovery solutions with an all-in-one service that provides total business uptime and access to information from any device. The new Axcient executives are:

• John Finegan, CFO, a 35-year finance veteran who served as CFO for Cornerstone and ShoreTel through their successful IPOs.
• Jeff Teddleton, VP Operations, a SaaS expert who built a global IT team at WebEx and maintained 99.95% service availability and compliance as VP Technology Operations at Zuora.
• Pam Lyra, VP Customer Satisfaction, a passionate support professional who developed a global customer service presence for WebEx, Trimble, and a number of startups in her 20+ year career.

"We are very pleased to welcome John, Jeff, and Pam to the management team," said Justin Moore, CEO of Axcient. "These key executives bring the vision and experience necessary for the accelerating growth of Axcient and will play a pivotal role as we continue to scale the company. Axcient is committed to putting an end to the billions of dollars in data loss and system downtime that SMBs face every year, and we are taking the steps to make sure we have the right team to execute on our vision."

"One thing that differentiates Axcient from the other growth companies that I've worked for is the passion around teamwork and results," said Pam Lyra, VP Customer Satisfaction. "It's clear that the company is unified by a mission to change an industry that has been dominated by legacy technologies for decades and I'm excited to be a part of that team." Pam is focused on growing Axcient's world-class service team to lead the industry in client satisfaction.

Jeff Teddleton's role as VP Operations is to scale up and scale out the Axcient infrastructure to ensure that customers have total uptime all the time and that the thousands of businesses that trust Axcient are protected by the most reliable infrastructure in the industry. "A SaaS approach to protecting a business' most critical asset and ensuring maximum productivity excites me because, unlike tape storage, it's a model that can actually solve the critical IT problem of maintaining data and application uptime," said Jeff Teddleton. "Axcient is the company that can deliver on putting an end to SMB downtime."

As CFO, John Finegan provides the financial perspective needed to help manage Axcient's rapid growth. "Axcient's strong management team, investors, product, and rapidly growing market offer an exciting challenge for all of us," said John Finegan. "I've been through enough growth companies to see what it takes to go public, and this company has the potential to go really big. This could be a market-maker."

About Axcient
Because downtime is never an option, Axcient ensures data and application uptime, all the time, with its hybrid cloud backup, business continuity, and disaster recovery solution. Axcient's patent-pending technology, including onsite and offsite backup and virtualization, is built from the ground-up for the small and mid-sized business (SMB) market. Currently protecting more than 2 billion files, applications, and systems in the cloud, Axcient is used by more than 100,000 business professionals to ensure total productivity all the time. To learn more, visit www.axcient.com and follow us on Twitter, Facebook, and our Blog.

SOURCE Axcient

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