MacStadium Appoints Technology Industry Veterans Vassil Terziev and Jose Segrera to its Board of Directors

ATLANTA, May 31, 2017 /PRNewswire/ -- MacStadium, the Mac hosting authority and only provider of Mac Pro private cloud infrastructure-as-a-service ("IaaS") around the world, today announced that Vassil Terziev and Jose Segrera, both technology entrepreneurs and executives with deep experience building cloud-based infrastructure and development tools businesses, have joined its Board of Directors. The addition of these directors follows news of the company's recent growth equity investment led by Summit Partners.

"Both Vassil and Jose bring valuable perspective, a wealth of practical knowledge and highly relevant experience to our team," said Gregory McGraw, CEO of MacStadium. "We are honored to have them join the MacStadium Board, and we are looking forward to their contributions and support as we continue to execute on our strategic goals."

Vassil Terziev is a co-founder and former co-CEO of Telerik AD. After co-founding Bulgaria-based Telerik in 2002, Vassil and his team grew the company into a leading global provider of software development tools, solutions and services with a developer community of 1.4 million strong and a customer base of more than 130,000 worldwide. Summit Partners invested in Telerik in 2008 and supported the company through a period of rapid growth prior to its acquisition by Progress Software Corporation in 2014. Since serving as Chief Innovation Officer at Progress, Vassil has invested in and advised numerous early-stage technology companies and most recently co-founded Telerik Academy, a leading educational initiative for training software engineers in Bulgaria.

"At Telerik, we were fanatically dedicated to our developer community, providing industry standard-setting customer support," said Vassil Terziev. "Like Telerik, MacStadium is focused on arming the iOS development community with the tools, services and infrastructure necessary to drive effective team collaboration and meet the ever-increasing rise of release cycles. I'm truly excited to join the board and help take MacStadium to the next level."

With more than 20 years of operating experience, Jose Segrera is a veteran technology finance executive. For more than a decade, he served as the Chief Financial Officer of Terremark Worldwide, a provider of IT infrastructure and cloud services that was acquired by Verizon Communications in 2011 for an equity value of $1.4 billion. Prior to Terremark, Jose was the Corporate Controller then Chief Financial Officer for FirstCom Corporation until its sale to AT&T Corporation in 2000. Jose is currently an investor and advisor to several high-growth enterprise IT and software businesses.

"With a global audience of more than 10 million iOS developers, MacStadium has a tremendous opportunity ahead as the only provider of Mac Pro private cloud IaaS," said Jose Segrera. "I am thrilled to join the MacStadium team and help scale the company to meet growing global demand as it continues its worldwide expansion."

About MacStadium
MacStadium is a leading provider of on-demand cloud IaaS, offering managed Mac hosting and private cloud solutions for individuals and organizations of all sizes. MacStadium is headquartered in Atlanta, Georgia with growing operations in Las Vegas, Nevada and Dublin, Ireland. Learn more at MacStadium.com.

SOURCE MacStadium