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

Leading Provider of Cloud-based Data Protection Adds CFO, VP Operations, and VP Customer Satisfaction to Team as it Prepares for Massive Scale

MOUNTAIN VIEW, Calif. – April 30th, 2012 – 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.

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. 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.” – Justin Moore, CEO

“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

Axcient is an entirely new type of cloud platform that eliminates data loss, keeps applications up and running, and makes sure that IT infrastructures never go down. Designed for today’s always-on business, Axcient replaces legacy backup, business continuity, and disaster recovery software and hardware, and reduces the amount of expensive copy data in an organization by as much as 80%. By mirroring an entire business in the cloud, Axcient makes it simple to access and restore data from any device, failover IT systems, and virtualize your entire office with a click – all from a single duplicated copy. Trusted by thousands of businesses to store and protect more than 10 billion files and applications, Axcient maximizes productivity, reduces cost, and eliminates risk. The company is headquartered in Mountain View, Calif.

Axcient announced the addition of three key executives after the company’s 400% revenue growth year & 15.5M in Series C funding & major platform expansions.

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