Tegile Appoints Michael Morgan as CFO, Amid 350 Percent Year-Over-Year Growth in Systems Delivered
Veteran CFO will scale storage upstart on mission to disrupt market incumbents
Newark, Calif. – January 13, 2016 – Tegile Systems, the leading provider of flash-driven storage arrays for databases, virtualized server and virtual desktop environments, today announced the appointment of Michael Morgan as Chief Financial Officer. Morgan has a long history of transforming successful private companies into well-managed publicly traded organizations. He will be responsible for all financial and operations functions, and is well-suited to guide Tegile through its growth trajectory.
Since shipping its first storage array in 2012, Tegile has deployed more than 1,800 systems within mid-sized and large enterprise environments and has experienced year-over-year unit shipment growth of over 350 percent. With top customers including UCLA, Mizuno, MLB Network and Aer Lingus, Tegile has more than doubled its number of customers year-over-year. Morgan’s appointment comes during an 18-month expansion period in which the company is scaling up its operations, and further expanding its reseller channel to satisfy the rising demand across North America, Europe and Asia.
Most recently Morgan served as the CFO of Panzura, where he implemented all systems and infrastructure allowing for employee growth while more than doubling revenue each year. Before that, he held the CFO position at Model N, where he helped guide the company to profitability and a period of significant growth. As CFO at Skybox Security, Morgan raised several rounds of venture financing and scaled the company’s financial systems. Morgan has also served as CFO of BackWeb Technologies, and led two IPOs including Talarian, which was sold to Tibco Software.
Morgan began his career as a public accountant and manager at KPMG, advising companies from start-up phase to VC financing and through public offering. He is a CPA and earned a BS in Business/Accounting from San Jose State University.
“Mike joins Tegile during a time of great change for the enterprise storage market. Incumbent vendors are consolidating, while over $1.6 billion in venture capital funding is funneled into storage startups to meet the urgent demand for better storage capacity and performance,” said Rohit Kshetrapal, CEO of Tegile. “It’s clear upstarts are disrupting the status quo. Mike’s vast experience leading private and publicly held companies puts Tegile in a strong position to take advantage of this burgeoning market opportunity and position itself to meet the storage needs both today and tomorrow.”
About Tegile Systems
Tegile Systems is pioneering a new generation of flash-driven enterprise storage arrays that balance performance, capacity, features and price for virtualization, file services and database applications. With Tegile’s line of all-flash and hybrid storage arrays, the company is redefining the traditional approach to storage by providing a family of arrays that accelerate business critical enterprise applications and allow customers to significantly consolidate mixed workloads in virtualized environments.
Tegile’s patented IntelliFlash™ technology accelerates performance and enables inline deduplication and compression of data so each array has a usable capacity far greater than its raw capacity. Tegile’s award-winning solutions enable customers to better address the requirements of server virtualization, virtual desktop integration and database integration than any other offerings. Featuring both NAS and SAN connectivity, Tegile arrays are easy-to-use, fully redundant and highly scalable. They come complete with built-in snapshot, remote-replication, near-instant recovery, onsite or offsite failover, and VM-aware features. Additional information is available at www.tegile.com. Follow Tegile on Twitter @tegile.
Leigh Ann Benicewicz, Bateman Group