HyperGrid, a market leader in hybrid Cloud Management Platforms (CMP), today announced that its Board of Directors has appointed Manoj Nair, previously the Company's Chief Product Officer and Co-Founder, as CEO successor to Nariman Teymourian.

"I recruited Manoj almost three years ago and I could not think of a better leader to take my role. Manoj has both my support and that of the board to take on this responsibility," said former CEO, Mr. Teymourian, as he announced the transition to Company employees.

"I am honored by Nariman's and the Board's confidence in my ability to lead HyperGrid through this next phase of growth," said Mr. Nair. "Building upon the great market and product validation we have seen over the last twelve months, I am excited about the Company's growth opportunities as market adoption of CMP technologies accelerates. In support of this, the HyperGrid leadership team and I will work to continue driving technology innovation, as well as further build out our sales, distribution and marketing functions, to deliver value for our customers, employees and investors."

Mr. Nair is an experienced and respected cloud and security software business leader. Prior to co-founding HyperGrid and serving as its CPO, Mr. Nair was the GM for the multi-billion dollar converged cloud software business at HPE, where he was responsible for driving product strategy and roadmap across all elements of the converged cloud portfolio. Previously, Mr. Nair served as SVP leading strategy and R&D for public cloud at the EMC federation of companies (EMC, VMware, RSA) , as well as SVP & GM at RSA where he was responsible for the company's identity portfolio including the flagship SecurID business. Mr. Nair is the holder of over a dozen patents in systems software, file systems, information management and security, and holds a M.S. in Computer Science from Clemson University.

"Under Manoj's product leadership, HyperGrid has developed award-winning, market-leading technology that solves a very real challenge for businesses of all sizes, in nearly every industry," said Kevin Dillon, Managing Partner at Atlantic Bridge Capital. "The leadership Manoj has provided since day one, make him a natural fit for the CEO position as the company moves into this logical next step of its evolution and drives to the next levels of success."

"The CMP market is set for tremendous growth over the coming years as the majority of businesses push forward with their cloud adoption plans," said John Kim, Co-Founder and Managing Partner at HighBar Partners. "Manoj's cloud and security software business leadership track record make him the perfect successor of the CEO role at this critical stage in HyperGrid's evolution. That, combined with HyperCloud's recognition and initial market validation, put the Company in position to capture market share and accelerate growth as the market heats up."

HyperGrid was recently named a Visionary in Gartner's Magic Quadrant for Cloud Management Platforms. The company's flagship cloud management solution, HyperCloud has achieved Amazon Web Services (AWS) Cloud Management Tools Competency status for Cloud Governance. HyperGrid is also an Azure Solutions Partner and a Google Cloud Technology Partner, providing a broad range of turnkey capabilities to assist Azure & GCP customers in provisioning and managing workloads in both environments.