New Investors, Shasta and Bessemer, Team with NEA, Lightspeed and Amazon to Close Landmark Investment Round Manage Terms
San Jose, CA – January 25, 2011 – Cirtas Systems, the first company to make cloud storage work like onsite enterprise storage, announced today that it has closed a Series B funding round totaling $22.5 million, led by Shasta Ventures and Bessemer Venture Partners, along with returning first round investors NEA, Lightspeed Venture Partners and Amazon; Ravi Mohan of Shasta Ventures will take a seat on the company’s board of directors. Cirtas, which has raised a total of $32.5 million in funding to date, plans to devote the new capital to support the increasing market demand for its Bluejet Cloud Storage Controller technology. Details of Cirtas’ Series B funding come concurrent with the news that Gary Messiana has been appointed chief executive officer for the company, the topic of a separate announcement issued today.
Cirtas launched its flagship product, the Bluejet Cloud Storage Controller, in September 2010, to enable enterprise organizations to take advantage of the proven savings of the cloud while maintaining stringent performance and security requirements. Bluejet integrates with leading cloud storage providers Amazon S3, Iron Mountain, EMC Atmos, and AT&T Synaptic Storage as a ServiceSM, to provide medium to large enterprise customers with a secure, affordable and highly available storage solution for primary Tier 2 and Tier 3 data, as well as the backup and recovery of primary data stored on local storage arrays.
“Continued data growth and the need to architect robust backup and disaster recovery systems have been a significant cost drain on enterprise IT for years. Cirtas’ Bluejet Cloud Storage Controller technology leverages the power of the cloud to ease that pain and solve real world enterprise data center challenges while dramatically lowering the cost and complexity of data storage and protection,” said Gary Messiana, CEO for Cirtas Systems. “Backed by NEA and Lightspeed, two of Silicon Valley’s most respected investment firms, and Amazon, the world’s leading cloud services provider, Cirtas was poised for success out of the gate. Now, with Shasta and Bessemer also on board and our product’s unique value proposition validated in the marketplace, we’re well positioned to execute on an aggressive roadmap of business expansion and product innovation.”
“Cirtas is going after a massive market opportunity and possesses a strong leadership team led by Gary Messiana – two integral elements we look for in a potential investment company,” said Ravi Mohan, a managing director at Shasta Ventures. “We were especially impressed by the progress Cirtas’ founding team has made to date. They have architected a sophisticated solution, attracted brand name enterprise customers and channel partners in a relatively short period of time, and positioned the company for success. It’s an exciting phase in Cirtas’ development and we look forward to contributing to its future growth trajectory.”
“Cirtas has delivered a breakthrough enterprise-caliber storage product. Bessemer invests in market-leading companies with proven products, and after an examination of the entire cloud storage landscape, we chose Cirtas because of the product architecture, the excitement of their installed customer base and the executive team’s ability to execute,” said Felda Hardymon, a senior partner at Bessemer Venture Partners. “We are pleased to support Cirtas as they continue to leverage the power of cloud storage to change the way enterprise organizations protect and store their information.”
Cirtas Systems Names Gary Messiana Chief Executive Officer
New CEO Joins Other Recent Appointments as Company Continues to Scale Its Management Team: Suresh Vasudevan Joins Board of Directors, Steve Mallard Named Vice President of Sales
San Jose, CA – January 25, 2011 – Cirtas Systems, the first company to make cloud storage work like onsite enterprise storage, announced today that Gary Messiana has been appointed chief executive officer. Messiana is a seasoned industry veteran who has led a number of startups into high growth markets and successful exits; his background includes CEO positions with Netli and Diligent Software. Company cofounder Dan Decasper will continue in his role as CTO, responsible for the vision and strategic direction of the company’s products. Details of the executive appointments come concurrent with the news that Cirtas has closed a $22.5 million Series B funding round, the subject of a separate announcement issued today.
“We enjoyed a tremendous market response to the introduction of our Bluejet Cloud Storage Controller in 2010,” said Cirtas CTO Dan Decasper. “To further propel our growth, we were looking for a proven and accomplished CEO who could spearhead the rapid expansion of our business. Gary’s track record of past successes fits extremely well at Cirtas, and we feel privileged that he selected us from the sizable list of opportunities that were available to him.”
“I am excited to join the talented team that is making it possible for enterprise organizations to take advantage of cloud economics, without compromising their high standards for data accessibility and protection,” said Gary Messiana, CEO for Cirtas. “Cirtas has made the long-time promise of cloud storage a reality. Not only is Bluejet disruptive to traditional storage providers, but it can eliminate the need for backups altogether, vastly simplifying the overall storage environment.”
Messiana joins Cirtas from Bessemer Venture Partners, where he was an entrepreneur in residence, focused on evaluating investment opportunities in the technology sector. Prior to Bessemer, Gary served as president and CEO at Netli and CEO of Diligent Software Systems. Messiana has also held key senior management positions with diCarta, CrossWorlds Software, Sequent, Triathon, Inference Corporation, and Brightware. He graduated with honors from Binghamton University in New York.
Cirtas emerged from stealth mode in September 2010 and continues to build its management team with notable industry executives. Suresh Vasudevan, president and CEO of Omneon and former SVP of product operations at NetApp, was recently appointed to its board of directors; Steve Mallard joined the company as vice president of sales from Riverbed, with prior tenures at EMC, Network Appliance and Sun Microsystems.
“Cirtas is changing the way the enterprise looks at and thinks about cloud storage. The cloud has been top of mind for IT for the past several years, but few solutions have emerged that put its promise within reach for the enterprise in a tangible way – until now,” said Suresh Vasudevan, President of Omneon and a member of Cirtas’ board of directors. “It is a sincere pleasure to serve on Cirtas’ board at such an exciting time in the company’s development. I now look forward to collaborating with Gary as CEO and Dan in his technology leadership position to further develop Bluejet and expand customer adoption.”
About Cirtas Systems
Cirtas solves the challenges associated with storing data in the cloud, making cloud storage work like onsite enterprise storage arrays. Deployed in the data center, Cirtas Bluejet Cloud Storage Controllers simplify storage management and vastly reduce data storage TCO, while addressing the long-standing challenges associated with data backup and disaster recovery for medium and large enterprises. Cirtas supports a variety of cloud provider platforms, including Amazon S3, Iron Mountain, EMC Atmos and AT&T Synaptic Storage as a ServiceSM. Founded in 2008, the company is headquartered in San Jose, California and backed by Amazon, Bessemer Venture Partners, Lightspeed Venture Partners, NEA, and Shasta Ventures. For more information, visit www.cirtas.com.
Connect with Cirtas: read the blog: www.cirtas.com/blog, follow on Twitter: www.twitter.com/Cirtas, or visit on Facebook: www.facebook.com/Cirtas.
Cirtas and Bluejet Cloud Controller are trademarks of Cirtas Systems Inc. and may be registered in some jurisdictions. All other trade names or trademarks used herein are recognized to be the property of their respective owners. All rights reserved