Basho Names Gregory M. Collins, A Leading Enterprise Software Operating Executive, President and CEO to Lead Next Phase of Basho’s Growth.
CAMBRIDGE, MA – October 31, 2012 – Basho Technologies, the worldwide leader in distributed database and cloud storage software, today reported that it has named Gregory M. Collins, a highly experienced strategy and business development executive and current Basho Board member, as President and Chief Executive Officer, while the Board has accepted the resignation of Donald Rippert from those positions and the board.
Earl Galleher, Chairman of the Board of Directors, said, “We appreciate Don’s efforts in helping to transition the Company from its start-up status into a growing and established participant in the highly-attractive cloud storage and electronic data systems markets. Recognition for Basho’s market potential is demonstrated by the continued growth in its customer bookings, its successful attraction of investor capital, and its strategic expansion in the U.S., European, and Asian marketplaces, including through Basho’s strategic relationship with Yahoo! Japan and its subsidiary IDC Frontier. In addition, Basho has developed the necessary operating infrastructure to capitalize on the fast-growing global demand for its key Riak™ and Riak CS products, following the opening of its Tokyo and London offices earlier this year to support the growing adoption of its products around the world.
“We feel that now is the right time to move the Company to an executive leadership that has strong operating and strategic development expertise, which will help Basho build out its organizational capabilities to both finalize customer wins in the Company’s pipeline and to strategically enhance the value of the Basho enterprise as the Company expands its market potential. The Board is confident that Greg’s expertise in creating and implementing business development strategies for fast-growing organizations in software, data services and applied technology across markets will provide the Company with the strategic leadership Basho needs as it moves forward in this next stage of its growth,” added Mr. Galleher.
Collins brings deep development and operational experience in the enterprise software and data solutions markets. As a Principal at Cape Fear Advisors, Collins is engaged by CEOs to assess and resolve strategic, operational, finance, leadership and business development opportunities. Among other notable successes, he grew revenue 50% for a software and services client by enabling them to capture business from larger prospects and clients and sustained 30%+ topline growth for a data services client by identifying emerging segments and building new sales tools and approaches. Prior to joining Cape Fear, he was a senior executive at Fortune 500 software provider Reynolds and Reynolds, where he repositioned the Company in higher growth markets and sustained and accelerated the Company’s growth and value realization track record through a combination of service extensions, acquisitions, cost management programs and global expansion.
Collins stated, “I am excited to lead the Company forward in its development. Basho is uniquely positioned, in terms of its products, services, and its business relationships, to be one of the premier companies in distributed database and cloud data storage. Its products and services already are reshaping the marketplace to the benefit of customers and the interest in doing business with Basho is spreading rapidly and internationally. My focus initially will be on working with Basho’s talented management team and exceptional employees to facilitate Basho’s ability to execute on its customer bookings in a manner that achieves maximum results for both Basho and our customers, and in so doing advance Basho to be universally regarded as the best-in-class company in the cloud storage and electronic data systems markets. The Board, the broader management team, and I are excited about Basho’s business successes, the appeal of the marketplace we are helping to develop, and Basho’s future long term potential as we continue to build on our business momentum and enhance our products to capitalize on the tremendous market opportunity in cloud data storage.”
About Basho Technologies
Basho Technologies is the leader in highly-available, distributed database technologies used to power scalable, data-intensive Web, mobile, and e-commerce applications and large cloud computing platforms. Basho customers, including fast-growing Web businesses and large Fortune 500 enterprises, use Riak™ to implement content delivery platforms and global session stores, to aggregate large amounts of data for logging, search, and analytics, to manage, store and stream unstructured data, and to build scalable cloud computing platforms.
Riak is available open source for download at http://wiki.basho.com/Riak.html. Riak EnterpriseDS is available with advanced replication, services and 24/7 support. Riak CS enables multi-tenant object storage with advanced reporting and an Amazon S3 compatible API. For more information visit www.basho.com or follow us on Twitter at www.twitter.com/basho.
Robert Siegfried / Lyndsey Estin
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