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Sridhar Murthy Joins PHD Technologies as Chief Executive Officer

MOUNT ARLINGTON, N.J., Aug. 20 /PRNewswire/ -- PHD Technologies, provider of the leading esXPRESS backup and restoration solution for virtualized infrastructures, today announced the appointment of Sridhar Murthy as the company's chief executive officer.

Murthy has over 18 years of leadership in high growth technology companies. For the past two years he served as chief operating officer and chief financial officer at TicketsNow.com. During his tenure, the company doubled its revenues. Prior to this, Murthy was chief financial officer and vice president of operations at Collabnet, a provider of hosted enterprise solutions for distributed and outsourced software development. Earlier in his career, Murthy held finance and operations leadership positions at Get2Chip, Ariba Inc. and Remedy Corporation.

"The PHD Technologies' management team unanimously selected Murthy based on his track record of leading fast-growth organizations, as well as his strong executive and personal qualities," said Ron McKelvey, co-founder and chief technology officer.

"We knew we needed a strong leader with extensive experience to lead our organization to the next level," said Ken Harbin, co-founder and president. "We found that person in Sridhar. He has the expertise, drive, determination and understanding of the market needed to lead our growth."

Murthy joins PHD Technologies at an exciting time in the Company's evolution. The Company recently received a significant equity investment from a top tier venture firm to help fund new product development and geographic expansion. In Q1:2008, esXPRESS surpassed the 1000th customer milestone.

"I was impressed with the innovative technology that PHD has created, the loyalty of the customer base and management's strength," Murthy said. "There is an increasing need in the virtualization market to deliver high-quality backup and disaster recovery products; esXPRESS provides the fastest and most cost-effective solution available to virtualized environments. I am excited to be part of a Company that has the executive team, staff and technology in place to win in the market."

About PHD Technologies

esXPRESS, developed by PHD Technologies, redefined virtual machine backups in 2005 with the introduction of the first differential backup engine for VMware ESX Server. Today, using the Virtual Backup Appliance (VBA), esXPRESS v3.1 uses VMware to backup VMware, without the cost of a dedicated physical server. The advantage for users is simple management and unlimited dynamic growth, no single point of failure, and scaleable performance. esXPRESS is a proud VMware Technology Alliance Partner. Visit www.esxpress.com to download a free trial copy and learn more.

SOURCE PHD Technologies

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