Analytics Leader ParAccel Adds Industry Veterans to Accelerate Growth and Drive Product Innovation

October 25, 2011

Rich Ghiossi Named Vice President of Marketing; Alok Srivastava Joins as Vice President of Engineering

CAMPBELL, Calif., Oct 25, 2011 -- ParAccel, Inc., provider of the world's leading analytic platform, today announced it has made two strategic additions to its management team, rounding out the most experienced team in the big data analytics market. Rich Ghiossi, with more than thirty years of experience in marketing and business development in the data warehousing and business intelligence industry, has been appointed vice president of marketing. Alok Srivastava, with twenty-five years of experience in enterprise software R&D, engineering, product management and operations has been named vice president of engineering. The addition of Ghiossi and Srivastava positions ParAccel to continue its successful mission of helping companies use analytics to innovate, accelerate, and compete to win.

"In the last twelve months we have experienced tremendous momentum in all areas, including Amazon's strategic investment in ParAccel, our continuing addition of new customers and strategic partners, and our aggressive pace of product innovation," said Chuck Berger, CEO at ParAccel. "The addition of two experienced executives like Rich and Alok well positions us for continued success in 2012 and beyond."

Ghiossi will lead ParAccel's overall marketing efforts, driving its visibility and value in the rapidly growing data analytics market. He is a Silicon Valley industry veteran with deep experience at companies ranging in size from startup innovators to some of the world's largest technology companies. Most recently Ghiossi was at Hewlett-Packard where he was responsible for evaluating innovative emerging technology for the company's business intelligence solutions unit. Earlier in his career, he also led marketing efforts for fast growing companies in business intelligence and analytics including Sagent Technology, Hyperoll and Whitelight Systems.

Srivastava will oversee ParAccel's engineering and development teams, helping to translate innovation into sustainable and measurable value for ParAccel's customers and partners. Prior to joining ParAccel, Srivastava was on the executive management team at Delphix Corporation, a startup in database virtualization where he helped build the company from the ground-up, leading the development of their product and building the development team. Before Delphix, Srivastava was director of engineering at Oracle for twelve years where he led multiple R&D and multi-platform engineering teams in U.S. and India. During his tenure at Oracle, Srivastava was responsible for much of the innovation and development of their cluster database technology.

About ParAccel
In today's analytics-driven environment, gaining fast and accurate business insights from massive volumes of data provides significant strategic advantage. As the leader in the high performance Analytics Platform market, ParAccel enables organizations to address their most dynamic and complex analytic challenges and rapidly gain ultra-fast, deep insights from very large data sets. ParAccel's Fortune 1000 customers include companies in the Financial Services, Retail and Healthcare industries, as well as government agencies. Each organization uses ParAccel to address their business-critical data issues outside the scope of conventional data warehouses and existing analytic tools.

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