SteelEye Technology Announces Change in Leadership
Palo Alto, CA and Tokyo, Japan – June 15, 2007 - SteelEye Technology® Inc., a subsidiary of SIOS Technology, Inc. and a leading provider of high availability clustering and data replication solutions for business continuity, today announced that President and CEO Paul Adams is stepping down from the position effective June 15, 2007.
Tomofumi "Tommy" Gotsubo, currently Senior Vice President of Global Operations of parent company, SIOS Technology, Inc., will take on the role of interim CEO until a replacement can be found. The search for a new CEO has already begun. Adams will stay on in an advisory role for an interim period.
Adams joined SteelEye as President and CEO in March 2002 and built the venture-backed entity SteelEye Technology into a leading provider of data protection and application availability solutions for business continuity and disaster recovery, and into a profitable and growing venture culminating in its acquisition by SIOS in June 2006.
"Paul's continued enthusiasm and support for SteelEye led the company up to and through the acquisition to achieving its post-merger goals and we are very grateful for his leadership. Under Paul's management, the company achieved an impressive customer base worldwide, year on year double digit revenue growth, early profitability, all with a reputation for delivering quality solutions while continuously innovating its product portfolio," said Nobuo Kita, President and CEO of parent company SIOS Technology, Inc. "On behalf of the board, I want to thank Paul for his efforts over the past five years to facilitate a smooth merger while continuously growing the company."
"SIOS has assimilated a company with great prospects, highly competent staff and a powerful set of technologies and products that will no doubt help fuel the growth of SIOS for many years to come," said Paul Adams. "I take this opportunity to express my sincere gratitude to staff, our customers, business partners and investors worldwide for their continued support of me and of SteelEye Technology over the past years".
Prior to SIOS, SteelEye's interim CEO, Gotsubo, who is now Senior Vice President of SIOS Technology, Inc., was the President and CEO of Konami Digital Entertainment of America in the US from 2001 until the end of 2005.
About SteelEye Technology, Inc.
SteelEye, a subsidiary of SIOS Technology, Inc., is a leading provider of enterprise IT reliability solutions for business continuity and disaster recovery.
The SteelEye LifeKeeper family of application-centric data replication, high availability clustering, and disaster recovery solutions are easy to deploy and operate, and enable enterprises of all sizes to ensure continuous availability of business-critical applications, servers and data.
To complement its software solutions, SteelEye also provides a full range of high availability consulting and professional services to assist organizations with the assessment, design and implementation of solutions for ensuring High Availability within their environments.
SteelEye products and services are available worldwide, and may be purchased directly from SteelEye or through its international network of reseller and systems integration partners. For more information, visit www.steeleye.com.
About SIOS Technology, Inc.
SIOS was founded in 1997 to create customer-focused IT solutions using open source technologies and is known as the first public company in Japan to offer the open source technology solutions for their enterprise customers.
SIOS is traded on the Tokyo Stock Exchange (Issue Code 3744, ISIN Code JP3547100002, Marketplace TSE/Mothers). With global headquarters in Tokyo, the core business of SIOS Technology, Inc. is the development and sales of software, system integration and support. SIOS has one of the largest market shares in the Japanese market for Linux and other open source software support. Additionally, the web application development business, which uses Java as it core technology, has high technical capabilities and experience in application implementation, making it a pioneer in the industry. SIOS went public on the "Mother's section" of the Tokyo Stock Exchange in 2004. In 2006, the company name changed from 10art-ni to SIOS representing the transformation into a software company recognized throughout the world as a leader in delivering Innovative, Open Software solutions.
Additional information about SIOS is available in English at http://www.sios.com/english/
Press Contact
Bob Williamson
SteelEye Technology, Inc.
+1 (843) 532-0355
Bob.williamson@steeleye.com
Trademark Notice
SteelEye Technology, SteelEye and LifeKeeper are registered trademarks of SteelEye Technology, Inc. All other product or service names may be registered trademarks or trademarks, and are the property of their respective owners.
