Tegile
Systems, the leading provider of flash-driven storage arrays for
databases, virtualized server and virtual desktop environments, today
announced the appointment of Michael Morgan as Chief Financial Officer.
Morgan has a long history of transforming successful private companies
into well-managed publicly traded organizations. He will be responsible
for all financial and operations functions, and is well-suited to guide
Tegile through its growth trajectory.
Since shipping its first storage array in 2012, Tegile has deployed more
than 1,800 systems within mid-sized and large enterprise environments
and has experienced year-over-year unit shipment growth of over 350
percent. With top customers including UCLA, Mizuno, MLB Network and Aer
Lingus, Tegile has more than doubled its number of customers
year-over-year. Morgan’s appointment comes during an 18-month expansion
period in which the company is scaling up its operations, and further
expanding its reseller channel to satisfy the rising demand across North
America, Europe and Asia.
Most recently Morgan served as the CFO of Panzura , where he implemented
all systems and infrastructure allowing for employee growth while more
than doubling revenue each year. Before that, he held the CFO position
at Model N, where he helped guide the company to profitability and a
period of significant growth. As CFO at Skybox Security, Morgan raised
several rounds of venture financing and scaled the company's financial
systems. Morgan has also served as CFO of BackWeb Technologies, and led
two IPOs including Talarian, which was sold to Tibco Software.
Morgan began his career as a public accountant and manager at KPMG,
advising companies from start-up phase to VC financing and through
public offering. He is a CPA and earned a BS in Business/Accounting from
San Jose State University.
“Mike joins Tegile during a time of great change for the enterprise
storage market. Incumbent vendors are consolidating, while over $1.6
billion in venture capital funding is funneled into storage startups to
meet the urgent demand for better storage capacity and performance,”
said Rohit Kshetrapal, CEO of Tegile. "It’s clear upstarts are
disrupting the status quo. Mike’s vast experience leading private and
publicly held companies puts Tegile in a strong position to take
advantage of this burgeoning market opportunity and position itself to
meet the storage needs both today and tomorrow.”