Campbell, Ca. (PRWEB) August 24, 2015
In a move to meet growing demand for its proven cloud delivery platform, CloudBolt Software is announcing a series of significant corporate updates: the company has moved its headquarters from D.C. to Silicon Valley, secured new funding, added experienced sales and marketing veterans to the team and created a new Advisory Council with leading technology industry experts.
“With a proven cloud delivery platform, CloudBolt has experienced 10x recurring revenue growth in the past five quarters,” said Jon Mittelhauser, CEO, CloudBolt. “From moving our headquarters to the heart of technology innovation, to securing new funding, new strategic hires and the creation of our Advisory Council, all of these moves have positioned the CloudBolt team to best serve our growing customer-base.”
Launched in 2012, CloudBolt is a leading IT cloud management company that counts enterprises in the Fortune 10, giant retailers, universities and governments among its customers. The company has recorded consistent year-over-year revenue growth since its founding and, in the past five quarters, has seen 10x growth in annual recurring revenue and 4x growth in customer deployments. To meet increasing demand for its cloud delivery platform, the company is announcing a number of significant corporate updates including:
Moves corporate headquarters from D.C. to Silicon Valley: CloudBolt has moved its headquarters from D.C. to Silicon Valley in Campbell, California. CloudBolt now has three offices with employees also located in Portland, Oregon and Rockville, Maryland.
4x expansion of CloudBolt’s sales and marketing teams; appoints two new Directors: CloudBolt will be growing its sales and marketing teams by 4x. The marketing team will be led by the company’s new Director of Marketing, Ephraim Baron. A strong leader with more than 20 years industry experience, Mr. Baron held several senior management positions at leading enterprise technology companies including Equinix, EMC, Microsoft and Jasper before joining CloudBolt. CloudBolt’s sales team will be led by Director of Sales, Brian J. Kelly. Mr. Kelly brings more than a decade of enterprise sales experience to CloudBolt from leading technology companies including IronKey and Xerox.
Creates initial Advisory Council: CloudBolt has also created an Advisory Council to help guide the company through its next stage of product development and company growth. Initial team members include Grant A. Barber, Executive Vice President and CFO, Hughes Network Systems, LLC., Michael Lopp, Head of Engineering, Pinterest, Steve Miranda, Executive Vice President, Application Development, Oracle, Brad O’Neill, CEO, Co-Founder, TechValidate Software and Yanev Suissa, Founder, SineWave Ventures. For more information about CloudBolt Advisory Council members visit: http://www.cloudbolt.io/team#advisors.
New funding to accelerate growth: CloudBolt has secured $2M in additional funding from new and prior investors including B7 to accelerate sales, marketing and development efforts to support growing demand for CloudBolt.
About CloudBolt Software
CloudBolt is a powerfully simple cloud management platform that integrates on-premises virtualization and private cloud environments with public clouds, automation scripting tools and domain-specific technologies. CloudBolt’s intuitive self-service IT portal and unified manager enable users to provision and manage the resources they need. Enterprise IT organizations maintain control through configuration standards, usage quotas and cost transparency. CloudBolt drives business agility by automating the request, provisioning and ongoing management of systems and applications. For more information visit http://www.cloudbolt.io.
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