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InovaWave Appoints Chris Ostertag as President and CEO

InovaWave, the leading provider of virtualization performance and efficiency management software, today announced that it has appointed Chris Ostertag President and Chief Executive Officer.  A technology industry veteran with more than 25 years of experience in successfully delivering innovative technologies to market, Chris will lead the continued expansion of InovaWave.

(In a companion release, InovaWave also announced that it has secured $7.2 million series B funding.)

Most recently, Chris served as vice president of worldwide sales and field operations for CREDANT® Technologies, the market leader in mobile data protection solutions. Prior to CREDANT, Chris led Sun’s worldwide team of more than 4,500 technical sales experts. Chris joined Sun through its acquisition of Waveset Technologies, where he was senior vice president of worldwide sales. Prior to Waveset, Chris was at Tivoli Systems, Inc., where he grew sales from $3 million to more than $2 billion in less than five years. He has also held various sales management and leadership positions with Bowstreet, Parc Place Systems, Servio Logic Corporation, Oracle and Informix.

Also today, InovaWave announced that Moshe Bar has joined the Company’s board of directors. A successful serial entrepreneur, Moshe is the founder of many open-source virtualization companies including OpenMosix, XenSource and Qumranet. He also co-founded Qlusters, Inc., the company behind openQRM, the leading open-source systems management solution for software provisioning and managing virtual environments. Author of several books on Linux, file systems and open source development, as well as many academic papers, Moshe has taught at Tel Aviv University in Israel and is also a senior editor at Byte Magazine.

“As adoption of virtual machines sky rockets, so does the complexity of managing and optimizing them,” said Ostertag. “With our groundbreaking DXtreme product line, InovaWave helps enterprises realize the return on their virtualization investments by achieving better server consolidation ratios and virtualizing greater workloads through enhanced performance. To strengthen our commitment to innovation in the virtualization industry, we are pleased to welcome Moshe Bar as the newest member of our board of directors and look forward to benefiting from his expertise and history in the space.” 

About InovaWave

Founded by virtualization software pioneers, InovaWave develops software for optimizing and managing virtual environments. Based in Austin, Texas, InovaWave is a privately held company backed by Matrix Partners and Silverton Partners. In June, InovaWave DXtreme for Windows was named as a winner of the "Best of TechEd Awards 2007" in the Windows Server Infrastructure category by Penton Media’s Windows IT Pro®, SQL Server Magazine® and Office & Sharepoint Pro.com. For more information on InovaWave, visit www.inovawave.com.

Published Tuesday, July 17, 2007 9:47 PM by David Marshall
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VMblog.com - Virtualization Information - (Author's Link) - July 17, 2007 9:51 PM

InovaWave, the leading provider of virtualization performance and efficiency management software, today

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