Leading Cloud Storage Provider Panzura Names Howard Dratler Chief Executive Officer

SAN JOSE, Calif., April 6, 2011 /PRNewswire/ -- Panzura, the leading provider of innovative cloud storage solutions, today announced that Howard Dratler has been appointed Chief Executive Officer.  Mr. Dratler is a seasoned software industry executive with more than 25 years of experience in the storage, content management and data warehousing markets, and has an impressive record of driving significant growth at both large and small companies.  Prior to joining Panzura, Mr. Dratler served as CEO of Anacomp, a leading provider of SaaS-based document management and eDiscovery services.  Before Anacomp, Mr. Dratler served in a number of executive management roles at Captiva Software (acquired by EMC), Allocity, and VERITAS Software.  At VERITAS, he was a key member of the management team that led revenue growth from less than $30M to more than $1.5B.

"I am extremely excited to have the opportunity to lead such a dynamic company in this nascent market," said Howard Dratler, CEO of Panzura.  "The products and services offered by Panzura are unrivaled in the market today, and the company is very well positioned to continue its leadership in cloud storage innovation.  Our ability to offer a highly advanced global storage platform that makes cloud storage truly viable for large business critical datasets, while also providing support for a customer's existing storage capacity, is truly unique. With Panzura's global storage platform, we are able to solve a number of very pressing and complex storage issues faced by large enterprises today."

"The Panzura Alto Cloud Controller, along with the unique features of SnapSphere, CollisionControl, and CyclonicDedup, have been extremely well received in the market," said Randy Chou, Co-Founder of Panzura.  "We are very excited to have an experienced leader of Howard's caliber on board to aggressively drive our growth in this market.  Howard's track record of success is indeed impressive, and his vision fits perfectly with Panzura.  We look forward to accelerating our growth and continuing our leadership in innovation under Howard's direction."

Panzura is the leading provider of products and services aimed at making the cloud faster, cheaper and more secure than Tier 1 storage.  Panzura products are providing a plethora of benefits to a number of Fortune 500 customers with globally distributed data footprints.

The core product is the Panzura Alto Cloud Controller, a unique storage appliance that forms the base of the Panzura Cloud Engine architecture.  The Panzura Alto performs a number of beneficial storage services, including:

• SnapSphere™ global data replication – seamlessly replicates and moves data set across all locations, making data immediately available anywhere, anytime.
• CollisionControl™ lock management – manages dynamic data lock ownership anywhere in the global enterprise, eliminating data collisions and ensuring data integrity.
• CyclonicDedup™ enterprise deduplication – Ensures efficient use of storage footprint and bandwidth, performing live, local and global data de-duplication.

Panzura is backed by leading venture firms, including Matrix Partners, Khosla Ventures, and Chevron Technology Investments.

Email [email protected] or visit http://www.panzura.com for more information.

About Panzura

Panzura is the leading provider of innovative cloud storage solutions.  Founded in 2008 and backed by leading venture firms, Panzura delivers products that take an application-centric rather than network-centric approach to storage, termed Application Network Storage (ANS).  By combining application logic with storage technology, Panzura is able to provide solutions that are faster, cheaper and more secure than traditional approaches to Tier 1 Storage. This revolutionary architecture allows enterprises to save costs, significantly increase performance and secure mission-critical data via public or private cloud environments.

©2011 Panzura, Inc.  All Rights Reserved.  Specifications are subject to change without notice.

SOURCE Panzura

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