CAMBRIDGE, Mass., May 7, 2013 – Infinio, an innovative provider of downloadable storage performance software, today announced that well-known investor and entrepreneur Steve Papa has agreed to chair the Infinio board of directors.
Papa is best known as the successful founder and CEO of Endeca Technologies, acquired by Oracle in 2011 for $1.1 billion. Several members of the Infinio executive team helped build Endeca, including Infinio Vice President, Engineering Fritz Knabe as well as Infinio co-founder and CEO Arun Agarwal.
“We’re honored to have Steve as our board chairman, and are excited about the value he brings as an advisor,” Agarwal said. “Steve has been a mentor and friend for many years, and his success speaks for itself. His counsel will be invaluable as we scale and grow.”
Papa founded Endeca in 1999 and was CEO until its acquisition by Oracle in 2011 – at the time, Oracle’s 6th largest acquisition. Endeca enjoyed five consecutive years of 100%+ growth, culminating in $750M in cumulative worldwide revenue and 700 customers.
Prior to Endeca, Papa was part of the original MIT $50K team that created Akamai, a member of the early team at Inktomi in charge of creating the company’s infrastructure caching business, and spent time at Teradata and also at Venrock, the Rockefeller Family’s venture capital arm.
“Infinio is in its early days, but I believe the company is poised to disrupt the storage industry with an easy-to-try, easy-to-buy downloadable storage performance product for virtualized environments,” Papa said. “The first product launch will be later this year, and I look for great things from this team.”
Infinio is developing software solutions to address the most expensive bottleneck in virtual environments: storage performance. Those interested in joining the company check this page.
Infinio Systems, Inc. is building solutions that improve the data storage performance of virtualized environments. Based in Cambridge, Mass., with offices in New York, the company enjoys strong financial backing from tier-one venture capitalists including Highland Capital Partners, Bessemer Venture Partners, and Lightspeed Venture Partners. Infinio is an Elite-level member of the VMware Technology Alliance Partner program. More information is available at www.infinio.com.