CAMBRIDGE, MA--(Marketwire - April 1, 2009) - Permabit Technology Corporation, the
industry's leading innovator of scalable, data-reduced storage for
enterprise archiving, today announced that it is relocating its corporate
headquarters to 10 Canal Park in Cambridge, MA. The company also announced
today that they have added two important executive positions to the company
in Chief Financial Officer, Paul Pedevillano and new Vice President of
Business Development, Brett Hawkes.
-- Permabit made the change in company headquarters to better meet its
business and technology growth objectives as well as strengthen the
company's position competing for the area's top industry talent. Through
this move the company will be able to more effectively meet the challenges
and demands of the rapidly growing data management market place.
New Corporate Headquarters:
Permabit Technology Corporation
10 Canal Park
Cambridge, MA 02141
www.permabit.com
-- Paul Pedevillano joins the company as chief financial officer and is
charged with overseeing the financial direction for Permabit and is
responsible for finance, accounting, facilities, and treasury management.
Prior to Permabit, Pedevillano served as CFO and COO at several public
companies, including Alloy Computer Products and SystemSoft Corporation.
Paul is a Summa Cum Laude Graduate from Quinnipiac University.
-- Brett Hawkes is Permabit's new vice president of business development
and is responsible for developing Permabit's alliances and OEM
relationships with strategic industry partners. Brett comes to Permabit
from NetApp which he joined through its acquisition of Onaro Inc. Brett
has more than 25 years of sales and sales management experience, 15 of
those years have been spent in the storage industry. Prior to NetApp, Paul
managed OEM relations for Aarohi Communications and Vixel which both
resulted in acquisitions by Emulex Corp. Brett holds a bachelor's degree
in political science from Syracuse University.
Supporting Quote:
"These are very exciting times at Permabit. We have moved into a newer and
larger facility to accommodate our changing company needs and have added
two talented executives to our management team. These latest enhancements
to the company will assist us in recruiting the most talented employees and
building and sustaining an operating structure that keeps pace with the
growth and breadth of our business." ~ Tom Cook, President and CEO,
Permabit
"It was clear to me from the first meeting I had with Permabit that they
are a company committed to solving problems and conducting business in a
more collaborative environment. I bring a great deal of financial
management experience to the company and I am looking forward to working
with the talented people at Permabit to make the company as successful as
possible." ~ Paul Pedevillano, Chief Financial Officer, Permabit
"Having been in the storage industry for more than 15 years now, I have
learned a great deal about how different technology vendors prioritize
business objectives. At Permabit, they pride themselves on innovation and
solving the problems of their customers and partners. I am excited to be
joining this team of talented professionals and bringing next generation
solutions to market." ~ Brett Hawkes, Vice President, Business Development,
Permabit
Supporting Resources:
Permabit Media Center
Permabits & Petabytes
Executive photos & images
Permabit
About Permabit
Permabit delivers next generation disk-based archiving solutions that
dramatically reduce primary storage costs by greater than 10 times. With
patented technology, the Permabit Enterprise Archive™ provides a
massively scalable disk archive that costs a fraction of what it takes to
manage tape or optical storage, with advanced data protection and reduction
technologies that offer decades of reliable information access. Permabit
was founded in 2000 by a technical and business team from the Massachusetts
Institute of Technology. For more information, visit:
www.permabit.com.
Permabit, the Permabit logo, Permabit Enterprise Archive, and Scalable Data
Reduction are trademarks of Permabit Technology Corporation, Inc. in the
U.S. and other countries.