NORTH ANDOVER, MA – September 6, 2016 – Seven10, the automated data management company, today announced that Peter Bell has joined the Company’s board of directors. Mr. Bell is a seasoned entrepreneur, corporate executive, and investor, with more than 30 years of experience in working with management teams and emerging growth companies across the enterprise software and storage industries.
“Peter is a true pioneer in the storage industry with an incredible track record of helping entrepreneurs,” said Bobby Moulton, Seven10’s CEO. ““We believe his strong experience in growing businesses in rapidly expanding markets such as ours, will be extremely valuable as Seven10 has set ambitious revenue targets for years to come.”
“Seven10 is leading the industry in providing the most innovation solutions in automated data management,” said Peter Bell. “The timing is perfect for this wonderful opportunity to work closely with Bobby Moulton and the Seven10 team as they continue their journey of building a winning business that solves some of the most significant enterprise storage problems to the delight of customers.”
Bell co-founded StorageNetworks, where as CEO, he took the company from concept to $120 million in annual revenue inside of three years. He was also an early employee at EMC, where he experienced firsthand how the right product, business model and innovation can kill a market incumbent.
Seven10 is a portfolio company of McCarthy Capital Fund V (“McCarthy Capital”). McCarthy Capital manages more than $1 billion of investment capital across its portfolio and specializes in growing businesses in partnership with management teams.
“We are thrilled to add Peter to our board and for him to help Seven10 continue to lead the market in innovation” said Bob Emmert, Managing Partner of McCarthy Capital. “I’m confident that Peter is going to make an important and positive impact on Seven10’s plans for immediate and future growth.”
About Seven10 Storage Software
Seven10 is a market leading developer of automated data management software. The company’s award-winning technology provides organizations a simple, unified information management system that includes data migration capabilities from existing storage arrays. With support for on-premise and cloud technologies, Seven10 helps customers protect their most essential corporate data – offering a secure, scalable, and centralized view of tiered storage. With proven success in healthcare, finance and other compliance-driven markets, Seven10’s software delivers immediate access while providing the most economical choices for long-term data retention. Technology built to outpace innovation.
About McCarthy Capital
McCarthy Capital Fund V is managed by McCarthy Partners Management, LLC, an affiliated RIA of McCarthy Capital. McCarthy Capital, headquartered in Omaha, NE, is focused exclusively on lower middle-market companies. For 30 years, the McCarthy organization has been partnering with founders, families, and exceptional management teams to support the growth of their companies. For more information about McCarthy Capital, please visit www.mccarthycapital.com.
For press inquiries please contact:
Marketing Communications, Seven10
McCarthy Capital Investor Relations