Press Releases
3PAR Appoints Ex-3com CFO Christopher B. Paisley to Board of Directors
FREMONT, CA— September 19, 2006
3PAR®, the leading provider of Utility Storage, announced today the appointment of former 3Com Chief Financial Officer, Christopher B. Paisley to the 3PAR Board of Directors. Paisley has joined 3PAR as an independent external Board member and will serve as Chairperson of the Audit Committee. Paisley's long experience as a seasoned Chief Financial Officer and successful track record managing high-growth companies will help guide 3PAR through continued business expansion.
"Customers vote with their dollars and, as evidenced by 3PAR's rapid growth, many companies are voting for 3PAR," said Chris Paisley. "The stellar 3PAR management team, exceptional technological innovation, and strong growth path made my decision to join 3PAR's Board an easy one. 3PAR has a unique solution in Utility Storage, and clearly customers think so as well."
Paisley currently serves as the Dean's Executive Professor of Accounting and Finance at the Leavey School of Business at Santa Clara University. Much of his career was spent at 3Com, where he held the position of Senior Vice President of Finance and Chief Financial Officer. During his 15 years at 3Com, the company grew from $50 Million a year in sales to nearly $6 Billion a year in sales, ranking in the top 300 on the Fortune-500 list of companies at the time of Paisley's departure.
"As an experienced executive, board member and professor, Chris has developed tremendous financial acumen relevant to technology companies at varying stages of maturity," said David Scott, President and CEO of 3PAR. "We look to his valuable counsel and guidance as we continue to grow 3PAR as the leading vendor of Utility Storage."
3PAR is a privately held company which attributes its rapid growth to success in delivering a disruptive new category of storage array—Utility Storage—aimed at utility computing data centers, a segment not addressed by today's traditional storage companies and technologies. As traditional data centers move to utility computing, organizations are adopting server and storage products that use internal virtualization in order to dramatically improve service responsiveness, increase asset utilization and ease management. This departure from traditional enterprise platforms signifies a frustration with the increasingly complex information technology infrastructures for which they are responsible. Organizations are looking to Utility Storage as an alternative, and the result is a multi-billion dollar market opportunity for which 3PAR has developed leadership storage technology.
About 3PAR
3PAR® (NYSE: PAR) is the leading global provider of utility storage, a category of highly virtualized, tightly clustered, and dynamically tiered storage arrays built for utility computing. Organizations use utility computing to build cost-effective virtualized IT infrastructures for flexible workload consolidation. 3PAR Utility Storage gives customers an alternative to traditional arrays by delivering resilient infrastructure with increased agility at a lower total cost to meet their rapidly changing business needs. As a pioneer of thin provisioning — a green technology developed to address storage underutilization and inefficiencies — 3PAR offers products designed to minimize power consumption and promote environmental responsibility. With 3PAR, customers have reduced the costs of allocated storage capacity, administration, and SAN infrastructure while increasing adaptability and resiliency. 3PAR Utility Storage is built to meet the demands of open systems consolidation, integrated data lifecycle management, and performance-intensive applications. For more information, visit the 3PAR Website at: www.3PAR.com.
