Pivot3 Broadens Executive Team to Manage Growth

Pivot3 Inc., a company that consolidates servers and storage in scale-out application platforms, has appointed Katy Murray as chief financial officer. Reporting directly to President and Chief Executive Officer Bob Fernander, Murray will assume worldwide responsibility for the company's financial, legal and manufacturing operations. Murray comes to Pivot3 from Taleo Corp., where she served as chief financial officer of the publicly traded, multinational, talent management software-as-a-service provider.

Murray joined Taleo in 2006 to direct the worldwide financial and legal operations of the company's finance, accounting and legal teams. During her tenure, she oversaw the successful completion of multiple financial transactions including a $150 million primary offering in Nov. 2010 and an $80 million secondary offering in July 2007. She also played a leadership role in the successful completion of five acquisitions including a $125 million consolidation acquisition and a $125 million strategic acquisition into an emerging market. Prior to Taleo, she served in similar executive-level roles with EXL Services and i2 Technologies. She has more than 18 years of experience in executive management positions.

"Investors have come to comprehend the strategic value of new storage technologies," Murray said. "I was impressed with the momentum of the growth Pivot3 experienced during a challenging economic time and I look forward to helping the company scale as the market and economy continues to accelerate."

The appointment of Murray, along with the company's newly named Vice President of Manufacturing Scott Gardner, is timed with the substantial growth that Pivot3 is experiencing. The company was identified in 2009 as the leading supplier of IP SANs to the physical security market, and has recently launched new solutions for the data protection and hosting markets.

"Katy's broad finance experience and leadership roles with multinational companies will be a tremendous asset to Pivot3 as we manage growth from existing and new markets," said Bob Fernander, president and chief executive officer. "She offers both a proven track record managing hyper-growth and the financial integrity that investors respect. Our shareholders will benefit greatly from Katy's experience as we move towards a significant public offering."

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