STEC Adds Enterprise Industry Veteran Ali Zadeh to Help Advance Its Systems and Software Technology Strategy
November 01 2011 - 4:05PM
STEC, Inc. (Nasdaq:STEC), The SSD Company™, a leading global
provider of solid-state drive (SSD) technologies and products,
today announced that industry veteran Ali Zadeh has joined the
company as Corporate Senior Vice President and General Manager to
help develop its systems and software technology strategy. Mr.
Zadeh is chartered with expanding STEC's SSD offerings through the
definition, development and sales of new software and systems that
take advantage of the company's intellectual property portfolio.
These offerings will help enable enterprise IT and data center
managers to accelerate user access to data and help to effectively
manage the exponential growth in data.
Mr. Zadeh joins STEC with more than 25 years of leadership
experience in the enterprise storage, data center systems, and
software virtualization markets, and has a proven strong, revenue
growth track record. His responsibilities will be focused on
business development with enterprise OEMs and independent software
vendors (ISVs), as well as building partnerships that define and
introduce new, unique and innovative hardware and software
solutions to leverage STEC's intellectual property and expertise in
solid-state technology. In this role, he is also chartered to
explore the next-generation solid-state platform evolution and to
expand STEC's reach in enterprise IT and data center
environments.
"Ali joins STEC at a time when the enterprise SSD market is
expected to achieve rapid growth over the next few years and his
track record of leadership in building and strengthening
organizations will help further expand our business opportunities
in both the enterprise storage and server market segments," said
Manouch Moshayedi, STEC's Chairman and CEO. "His past experiences
with innovative start-ups and established storage players make Ali
ideally suited for his new position with STEC."
During the past 7 years, Mr. Zadeh was responsible for building
start-up companies toward rapid sales growth and successful exit
strategies, which included Scalent, Inc. (acquired by Dell Inc.),
NeoPath, Inc. (acquired by Cisco Systems, Inc.) and InfoBlox, Inc.
Mr. Zadeh also served as Vice President of Intercontinental
Operations and Vice President of International Sales for Network
Appliance, Inc., where he led global sales and operations teams
build revenue and maximize gross margins in vertical market
segments.
"STEC is a true innovator and leader within the enterprise SSD
industry and I am thrilled to become part of this exciting company
in a high-growth market segment," said Mr. Zadeh. "I look forward
to strategically utilizing the company's IP portfolio, system-level
expertise, and passion for innovation to expand the use of
solid-state storage in enterprise IT and data center environments
around the globe. My goal is to help define and build creative
solid-state solutions that are optimized to help manage the data
deluge and lower TCO in the enterprise."
About STEC
STEC, Inc., The SSD Company™, is a leading global provider of
solid-state drive (SSD) technologies and solutions tailored to meet
the high-performance, high-reliability needs of original equipment
manufacturers (OEMs). With headquarters in Santa Ana, California
and locations worldwide, STEC leverages almost two decades of
solid-state drive knowledge and experience to deliver the most
comprehensive line of SSDs to the storage industry. For more
information, visit the company's web site at
http://www.stec-inc.com.
The STEC, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1079
STEC, the STEC logo, and The SSD Company are either registered
trademarks or trademarks of STEC, Inc. in the United States and
certain other countries. All other trademarks or brand names
referred to herein are the property of their respective owners.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995
This release contains forward-looking statements that involve
risks and uncertainties, including those statements concerning
enterprise OEMs and independent software vendors (ISVs) adoption of
enterprise SSD products and solutions; the growth of the enterprise
storage and server markets; STEC's leadership position; the growth
of sales of STEC's enterprise SSD products and solutions to
enterprise OEM and ISV customers, and enterprise IT and data center
environments; and the expected benefit and growth of STEC's systems
and software technology strategy and expansion of sales as a result
of hiring Mr. Zadeh. Such forward-looking statements are based on
current expectations and involve inherent risks and uncertainties,
including factors that could delay, divert or change any of them,
and could cause actual outcomes and results to differ materially
from current expectations. Important factors that could cause
actual results to differ materially from those expressed or implied
in the forward-looking statements are detailed in filings with the
Securities and Exchange Commission made from time to time by STEC,
including its Annual Report on Form 10-K, its Quarterly Reports on
Form 10-Q, and its Current Reports on Form 8-K. The information
contained in this press release is a statement of STEC's present
intention, belief or expectation. STEC may change its intention,
belief or expectation, at any time and without notice, based upon
any changes in such factors, in STEC's assumptions or otherwise.
STEC undertakes no obligation to release publicly any revisions to
any forward-looking statements to reflect events or circumstances
occurring after the date hereof or to reflect the occurrence of
unanticipated events.
CONTACT: Scott Harlin
Public Relations Manager
STEC, Inc.
(949) 260-8231
sharlin@stec-inc.com
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