PHD Technologies, provider of the leading esXPRESS backup and restoration solution for virtualized infrastructures, today announced the appointment of Sridhar Murthy as the company's chief executive officer.

Murthy has over 18 years of leadership in high growth technology companies. For the past two years he served as chief operating officer and chief financial officer at TicketsNow.com. During his tenure, the company doubled
its revenues. Prior to this, Murthy was chief financial officer and vice president of operations at Collabnet, a provider of hosted enterprise solutions for distributed and outsourced software development. Earlier in his career, Murthy held finance and operations leadership positions at Get2Chip, Ariba Inc. and Remedy Corporation.

"The PHD Technologies' management team unanimously selected Murthy based on his track record of leading fast-growth organizations, as well as his strong executive and personal qualities," said Ron McKelvey, co-founder and
chief technology officer.

"We knew we needed a strong leader with extensive experience to lead our organization to the next level," said Ken Harbin, co-founder and president. "We found that person in Sridhar. He has the expertise, drive, determination
and understanding of the market needed to lead our growth."

Murthy joins PHD Technologies at an exciting time in the Company's evolution. The Company recently received a significant equity investment from a top tier venture firm to help fund new product development and geographic
expansion. In Q1:2008, esXPRESS surpassed the 1000th customer milestone.

"I was impressed with the innovative technology that PHD has created, the loyalty of the customer base and management's strength," Murthy said. "There is an increasing need in the virtualization market to deliver high-quality
backup and disaster recovery products; esXPRESS provides the fastest and most cost-effective solution available to virtualized environments. I am excited to be part of a Company that has the executive team, staff and technology in place to win in the market."