Palo Alto, Calif. June 15, 2006 - AppStream, Inc.,
a leader in on-demand application deployment and management, today announced four new executive hires.
The company named Gary Botta, vice president of strategic accounts; Paul Valcheff, vice president of
business development, Brad Rowland, vice president of marketing and product management; and Suneet
Nandwani, director of engineering.
The new hires round out the company's existing veteran
management team. Collectively they will deliver on AppStream's goal to lead the on-demand application deployment
market by offering a powerful combination of streaming and virtualization support.
The executive team will leverage their combined years of
experience to bring to market a new version of its award-winning, on-demand AppStream platform that will support
both streaming and virtualization capabilities. A new AppStream platform will be announced later this month.
Also, as part of AppStream's virtualization strategy, partnerships with virtualization vendors will be announced throughout the year.
The powerful streaming/virtualization combination gives IT
customers flexibility in application provisioning, license management, version control and virtualization all from
one central location. End users gain self-service access to applications exactly when they need them at the right
level of security and functionality, freeing up resources for other critical IT tasks.
"We will apply the same level of innovation in rolling out
virtualization as we did with streaming applications, setting a new standard in how desktop applications are deployed,
managed and used," said Srinivasa Venkataraman, chief operating officer of AppStream. "Our management team will execute
these strategies and allow us to focus on strong growth over the coming year. We are very pleased with the new appointments
to our team." Based on current year revenue and changing market factors, AppStream expects to more than double its growth
in the coming year."
"New executives and strategies come at a time of increased industry
acceptance of virtualization and continued adoption of new 'software as a service' models," said Jim Sha, chief executive
officer of AppStream. "Our vision continues to be new software delivery models that focus on reducing costs, increasing
the speed of innovation, and removing barriers to access; whether in the enterprise, consumer or emerging markets."
The new executives come from some of the industry's most recognized
technology companies and bring to AppStream expertise in: business operations; product development and engineering; sales
and marketing; and customer service and support.
Gary Botta, vice president of strategic accounts is responsible for
AppStream's strategic sales and relationships, and brings to the company over 20 years of IT sales and sales management
experience. He joins AppStream with a long history of leadership positions within technology businesses such as; PeopleSoft,
Platinum Technology and Oracle.
Paul Valcheff, vice president of business development, brings to AppStream
more than 20 years experience in sales, marketing, and business development. He's held management positions with Fortune 500
companies and their spin-offs, as well as Internet and software start-ups such as Fördela, PurgoMail, Imagelock, Imaje, and Dover.
Brad Rowland, vice president of marketing and product management, brings
over 15 years of IT industry experience to AppStream. His expertise range from system design and data center support; to
product and alliance management and marketing communications. Prior to joining AppStream, Rowland held management and
leadership positions at Wyse and SBC.
Suneet Nandwani, director of engineering, has over 11 years of enterprise
software and systems management experience. Most recently, Suneet was director of engineering at Marimba (acquired by BMC) and
has held management positions at Opsware, Callidus Software and Tandem Computers.
About
AppStream
AppStream, Inc. is a leader in on-demand application deployment and
management. By combining streaming and virtualization technologies, AppStream offers IT customers the most flexible application
management solutions at the most affordable price, with the fastest implementation time. AppStream does this through patented
technologies and partnership with industry leaders. AppStream is headquartered in Palo Alto, CA and is backed by leading venture
capital firms. For more information log onto www.appstream.com.
