Event Information:

• Wed

  07

  Nov

  2012

  SnapVolumes Secures $2.3 Million Seed Financing to Redefine Application Deployment and Management of Virtual Desktops, Servers

  SnapVolumes Secures $2.3 Million Seed Financing to Redefine Application

  Deployment and Management of Virtual Desktops, Servers and Cloud Computing

  Founded by technologists with deep expertise in solving complex virtualization
  and Windows challenges; well-known industry executives participate in angel
  round

  Business Wire

  LOS ALTOS, Calif. -- November 07, 2012

  SnapVolumes, Inc., a new company focused on application lifecycle management
  in virtual, cloud and physical environments, has emerged from stealth mode
  today with an angel investment of $2.3 million from well-known industry
  executives. Founded by virtualization, Windows kernel and security experts,
  Matthew Conover, Shaun Coleman and Matthieu Suiche, SnapVolumes focuses on the
  issues of supporting a mixed environment of virtual desktops, servers and
  cloud computing while fully leveraging the virtual infrastructure.

  As more companies move to the cloud, IT departments are struggling to adapt
  their enterprise applications to the dynamic and elastic nature of cloud
  computing. Traditional tools that managed applications in the world of
  physical servers and desktops are ill-suited for virtual environments. This
  leads to substantial overhead and costs associated with application
  deployment, support, management, storage and infrastructure. A recent analyst
  report predicts a virtualization management gap in excess of $100 billion and
  growing at an unprecedented rate, increasing pressure on IT and the need for
  automating application deployment and management. To address market needs,
  SnapVolumes has developed an entirely new approach to enterprise application
  life-cycle management that takes full advantage of virtualization and modern
  storage technologies such as SSD. SnapVolumes supports all server, desktop and
  custom/legacy applications without requiring streaming, packaging, or
  sequencing and is far more robust than current layering solutions.

  SnapVolumes is led by CEO Raj Parekh, former CEO of Virident and CTO/VP,
  Engineering at Sun Microsystems. SnapVolumes has already attracted top
  engineering talent from VMware, Citrix, EMC, Symantec, Microsoft and Trend
  Micro. The SnapVolumes Board of Directors is drawn from business leaders and
  technologists with extensive experience in virtualization and cloud computing,
  and include Henrik Rosendahl, successful serial entrepreneur and CEO of
  Thinstall (acquired by VMware in 2008); Klaus Oestermann, Group VP, GM of
  Cloud Networking at Citrix Systems; and, Prashant Shah, former Managing
  Director at Hummer Winblad Venture Partners. Participants in the angel round
  include TiE Angels of Silicon Valley and industry executives and visionaries
  such as the founder and former CTO of Brocade Kumar Malavalli, SVP of
  Technology at SAP Labs Sanjog Gad, and the CEO of Infoblox Robert Thomas.
  Executives from Symantec, EMC, Citrix, and TIBCO also participated in the
  round.

  “SnapVolumes has the potential to fundamentally change the way that enterprise
  desktops, server and cloud platforms are managed,” said Simon Bramfitt,
  founder and principal analyst with Entelechy Associates. “The ability for IT
  to easily adapt their enterprise applications to the dynamic and elastic
  nature of cloud computing is a remarkable benefit. SnapVolumes technology is
  the closest thing to magic I’ve ever seen.”

  “The opportunities for SnapVolumes from both a technology and partnership
  perspective are exciting, and I look forward to being involved with such a
  distinguished team and group of advisors,” said Rosendahl, Chairman of the
  Board, SnapVolumes. “My experience at Thinstall and VMware in application
  delivery and virtualization provided me with unique insight into the issues
  that can arise in a converged infrastructure environment. I believe
  SnapVolumes is in a strong position to help solve these new-world data center
  challenges.”

  SnapVolumes’ executive team brings extensive experience in virtualization and
  software development:

  * Chief Executive Officer Raj Parekh – co-founded Virident Systems in 2006
  and served as CEO and Chairman. A well-respected technologist, Raj has
  been a member of the senior business and technology executive teams of
  high technology companies including Sun Microsystems as CTO and Vice
  President of Engineering of all system products, and as Vice President and
  General Manager of Java products for Sun Microsystems. Before joining Sun,
  Raj was Vice President and General Manager at Silicon Graphics managing
  all chip development including “Geometry Engine” and several system
  products. Raj also co-founded Redwood Ventures served as Executive
  Managing Partner and Chairman. Raj has served as board member and/or
  Chairman of the board at more than 15 high tech companies, including
  Magma, Niksun, Pranalytica, eGtran, Virident, TiE Angels, PubNub and
  Aspex. He holds 11 issued patents.

  * Chief Technology Officer and Founder Matthew Conover – former Technical
  Director for Symantec Research Labs, where he was a major contributor to
  the company’s virtualization strategy. Prior to his eight years at
  Symantec, Conover held various research and engineering roles at Network
  Associates and BindView. As an early pioneer in the field of Windows
  security his research has been cited in numerous publications such as
  “Writing Secure Code” by Microsoft Press. He holds 16 issued patents.

  * Vice President of Products/Marketing and Founder Shaun Coleman – formerly
  Director of Product Management for Citrix XenDesktop, Coleman has also
  worked at VMware where he was the first hire in the desktop virtualization
  group where he managed the first releases of VDI/VMware View. He founded
  the security startup company Reconnex (acquired in 2008 by McAfee) and has
  held various senior management positions at Proofpoint, RSA Data Security,
  Lawrence Livermore National Labs, and Sandia National Labs. Coleman holds
  4 issued patents.

  * Chief Scientist and Founder Matthieu Suiche – As one of the youngest
  Microsoft MVPs, he is a well-respected Windows OS and security expert. He
  also worked as a researcher at the Netherlands Forensic Institute (Dutch
  Nederlands Forensisch Instituut) as part of the Dutch Ministry of Security
  and Justice, has worked for the European Aeronautic Defense and Space
  Company, and contributed to the Samba open source project.

  “Running many virtual machines on a single server has greatly reduced the
  number of physical servers needed, giving an enormous CAPEX savings. However,
  OPEX continues to increase proportional to total number of VMs,” said Parekh.
  “The problem of application management is obviously in need of a new solution.
  Without that, the ever expanding virtualization management gap will simply
  stall cloud momentum. Such a solution must be fully automated, fit seamlessly
  with all clouds, hypervisors, operating systems and apps. It must be secure,
  easy to use and fit with existing tools from major players like VMware,
  Citrix, Dell and Microsoft. There exists no such product in the market today
  with these attributes. At SnapVolumes, we are developing a patent-pending
  solution to address critical issues, reduce CIO headaches and save millions of
  dollars in operational expenses ‘in a snap.’ Due to the size of the
  opportunity and urgent need from customers, we plan to form key partnerships
  with industry leaders as we complement their solutions.”

  For more information about SnapVolumes and their new beta program, contact
  or call 888-369-5597 or go to www.snapvolumes.com.

  Follow SnapVolumes on the web at:

  * Beta sign up

  * Twitter

  * LinkedIn

  About SnapVolumes

  SnapVolumes was founded in early 2011 to provide IT with a new approach to
  enterprise application life-cycle management that takes full advantage of
  virtualization, supports legacy applications, eliminates the need for
  re-architecting or rewriting existing software, and works with existing
  management solutions. The company is headquartered in Los Altos, California.
  For more information, visit http://www.snapvolumes.com.

  Contact:

  Mindshare
  Heather Fitzsimmons, 650-279-4360
  heather@mindsharepr.com