Netezza Co-founder Joins Actifio Board to Provide Proven Leadership and Guidance to Actifio as it Addresses Market Demand for Dynamic Data Management Virtualization Solutions
WALTHAM, MA – August 9, 2010 – Actifio, the emerging leader in Data Management Virtualization (DMV), today announced that Jit Saxena, co-founder and former CEO of Netezza Corp., has joined the Actifio Board of Directors. In his role, Saxena brings a wealth of proven leadership and guidance to Actifio as it addresses the industry demand for dynamic DMV solutions.
Jit Saxena brings with him a long and successful career of entrepreneurship and business leadership in growing successful new global industries. Saxena is an internationally-recognized and much sought-after business expert in the IT industry. In 2000, he co-founded Netezza, a data warehouse server manufacturer that is globally recognized as inventing the data warehouse appliance product category. Upon co-founding the company, Saxena served as its CEO until January 31, 2009, and retains his position as Netezza Chairman of the Board.
“Actifio has all the ingredients for success to deliver on the multi-billion dollar virtualization market opportunity and I am pleased to accept a position on the board as the company charts its next stage of growth,” said Jit Saxena. “I look forward to working closely with Ash and his exceptional management team as they deliver a new category of data management virtualization solutions that eliminate customer challenges associated with legacy, silo-based data protection solutions.”
As CEO of Netezza, Saxena grew the business from start-up to a more than $180 million revenue leader in the data warehouse server industry. Saxena took the company public in 2007 with a $124 million initial public offering. Prior to founding Netezza, Saxena was the founder, chairman and CEO of Applix Inc., a leading analytical CRM software provider that he took public in 1994. Before he founded Applix, Saxena held several senior management positions, including senior director in charge of software development, at Data General.
Saxena holds an MS in Electrical Engineering from Michigan State University, an MBA from Boston University and a B. Tech (EE) from the Indian Institute of Technology in Mumbai. He was named an Ernst & Young New England Entrepreneur of the Year in 2003 and a Mass High Tech All-Star in 2008.
“We consider ourselves very fortunate that Jit has accepted the invitation to join our Board,” said Ash Ashutosh, founder and CEO of Actifio. “His global leadership experience and proven track record of creating and dominating new emerging markets brings Actifio a wealth of industry insight and guidance as we deliver a new era of Data Management Virtualization solutions to market that will change the paradigm of how data is protected and managed across the data lifecyle.”
Actifio delivers a next-generation data management solution with radical simplicity, unprecedented agility and up to an order of magnitude lower cost. Based on Data Management Virtualization (DMV) technology, Actifio transforms individual silos of point tools into a unified solution using efficient pipelined management across the data lifecycle. The company’s patent-pending DMV technology delivers unified data protection, disaster recovery and business continuity across the data lifecycle for virtual and physical IT environments.
For more information, please visit: https://www.actifio.com/.