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VIEO expands management team with addition of Reagan Sakai as Chief Financial Officer
AUSTIN, Texas - December 3, 2003 - VIEO, Inc., the leader in Adaptive Application Infrastructure Management (AAIM) today announced that the company has appointed Reagan Sakai as its Chief Financial Officer. Sakai was formerly CFO and Treasurer for Crossroads Systems where he led the company through a successful IPO in October 1999. With more than 20 years of corporate leadership, channels development, and financial management experience in the technology sector, Sakai will assist VIEO's executive team with implementing a globally focused market and business strategy.
"As the first company to deliver a product that measures and controls application service based on business objectives, VIEO is in the right place, at the right time, with the right product to help IT organizations take control of their complex and dynamic application infrastructures. The growing interest of IT organizations to manage their application infrastructures from a business perspective, combined with the rebound in technology spending and the trend toward adaptive computing is propelling great interest in our company," said Bob Fabbio CEO for VIEO. "Reagan Sakai brings vital experience in navigating the complexities of a high growth operation, building a large channels operation, and international expansion that is crucial to ensuring that we stay on track in meeting worldwide demand for the VIEO 1000 AAIM appliance."
Most recently, Sakai served as CFO and Treasurer for Crossroads Systems where he helped grow the company from less than $15 million to more than $37 million and oversaw its successful IPO in October 1999. At Crossroads, Sakai was responsible for finance & accounting, treasury, risk management, and investor relations. Prior to Crossroads, Sakai was Director of Corporate Finance for Exabyte Corporation, where he was responsible for tactical and strategic financial planning. He also served as the Division Controller for Exabyte's Eagle Division. Additionally, he has held financial management positions at Maxtor Corporation, McDATA Corporation, and StorageTek Corporation. Sakai holds a Bachelor of Science degree in Finance, cum laude, and an MBA from the University of Colorado at Boulder.
"This is an exciting time for VIEO. Clearly there is significant demand for a cost-effective and powerful product that provides IT organizations with unrestricted, real-time visibility and control over application resources to satisfy business demands," said Sakai. "I am honored to join Bob Fabbio and his team of seasoned and experienced professionals, and I look forward to leveraging my experience in aligning business and financial initiatives for global companies to help VIEO build its operations to respond to this demand."
About the VIEO 1000 AAIM Appliance
The VIEO 1000 AAIM appliance was designed to enable IT organizations to manage applications from a business perspective, not an element perspective. It combines application-aware networking and adaptive management software in an intelligent control system to ensure application resources are available, on demand, based on business needs. This breakthrough product measures and controls application service-levels based on business priorities, aligns IT resources with the business, and reduces IT expenses by simplifying complexity and increasing productivity. The VIEO 1000 is currently in use in data centers in the United States and United Kingdom.
About VIEO
VIEO is the leader in Adaptive Application Infrastructure Management (AAIM) providing intelligent systems that radically simplify the management of applications and infrastructure. VIEO's flagship product, the VIEO 1000 AAIM appliance, is the first product to combine application-aware networking hardware with intelligent management software to ensure application resources are available, on demand, to satisfy business needs. VIEO has garnered strong industry recognition for this product including being named a dynamo in Organic IT management by Forrester Research, one of the IT industry's most promising new products for 2003 by IDG, the producers of the DEMO conference, one of the top "Products That Will Save the Day" by VAR Business, a 2003 "Top 10 Startup to Watch" by Network World and a "Top Startup to Watch" by Computer Reseller News. Headquartered in Austin, TX, VIEO has $45 million in funding from investors including Audax Group, Avocent, BMC Software, Dell, Inc., Eyes of Texas Partners, Flagship Ventures, INVESCO Private Capital, Rho Ventures, and TL Ventures.
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