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Coraid Strengthens Executive Team to Support Rapidly Expanding Business that Provides Industry-Leading Storage Solutions for Large Public and Private Clouds

REDWOOD CITY, CA -- (Marketwired) -- 06/17/14 -- Coraid®, a leading storage solutions vendor for public cloud service providers and large enterprise private clouds, today announced several additions to its executive team. Coraid announced the hiring of former Marin Software and Oracle executive Paul Emery as senior vice president of engineering. The company also announced the internal promotions of Nakul Saraiya to chief technology officer and Gokul Sathiacama to vice president of product management. The hiring and promotions were made to support the rapid expansion of the company's business throughout the first half of the year. The company sustained customer momentum by creating partnerships with RackForce, Canada's largest enterprise cloud provider; Clearview, a managed cloud service provider; and Zettagrid, one of Australia's largest Infrastructure-as-a-Service (IaaS) providers.

"Our dedication to meeting the unique needs of our public and private cloud customers is the engine that continues to drive our success," said Dave Kresse, CEO of Coraid. "Adding these talented individuals to our executive team supports our growing business and our ability to continue to innovate and execute on delivering industry-leading storage solutions for large public and private clouds."

Coraid is a leader in delivering modular storage solutions specifically designed for large cloud deployments found in public cloud providers and IaaS environments. The executive hires strengthen Coraid's executive team to maintain the company's edge in meeting the unique needs of large cloud providers.

Paul Emery
Emery has more than 22 years of global software engineering and technology management experience in the enterprise software and financial service industries. Emery was formerly with Marin Software; he scaled the company's engineering organization leading up to the company's successful IPO in 2013. Previously, Emery held senior engineering positions at several companies, including vice president server technologies at Oracle, where he led the product development effort for Oracle WebCenter, and vice president of engineering at Vignette, where he led the successful effort to integrate products from several of Vignette's strategic acquisitions.

Nakul Saraiya
Saraiya brings more than 25 years of experience in data center solutions, including servers, orchestration, virtualization, networking and storage products. Prior to joining Coraid, Saraiya was the CEO of Yunteq, a cloud orchestration company acquired by Coraid in 2011. Saraiya has provided strategic leadership and engineering management in the development of many advanced technologies. He has also been listed as a co-inventor on 23 issued patents.

Gokul Sathiacama
Sathiacama is an accomplished technology business leader, with more than 16 years of storage-industry product management experience. Before joining Coraid, Sathiacama was senior director of product management at Oracle's Storage Product Group. He has also held various management and engineering roles in the network storage and Java groups at Sun Microsystems, Inc.

About Coraid
Coraid provides storage solutions for cloud service providers and enterprises that are experiencing rapid, unpredictable data growth. Coraid leverages Layer 2 Ethernet to elevate network performance and improve operational effectiveness for companies deploying dynamic, large-scale, multi-workload environments. With its modular, pay-as-you-grow architecture and easy-to-use software, as well as proven support, design, and implementation, Coraid partners with customers to enable just-in-time scaling and versatility with a quick return on investment. For more information please visit www.coraid.com.

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