Q4 2011 Marks Completion of Record Year for Sanbolic

2011 Overall Sales 50% Greater than 2010, Sales Grow in North America by 54%, EMEA by 59%, with the Average Deal Size Growing 54% and Services Revenues Growing by 54%

David Morrison, Founding Partner of Lee Equity Partners, Joins Sanbolic Board of Directors (BOD)

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Sanbolic, Inc.

Jan 31, 2012, 09:15 ET

WATERTOWN, Mass., Jan. 31, 2012 /PRNewswire/ -- Sanbolic®, the market leader in distributed data management, today announced that it has continued to set new company sales records in both its North American and EMEA (Europe, Middle East and Africa) operations. 2011 total year-end sales topped out at over 50% greater than 2010, with North America growing by 54%, EMEA by 59% and the average deal size by over 54%. Sanbolic's services business growth of 54% during 2011 was also quite notable. Q4 2011 also marked the addition of a critical new member to Sanbolic's Board of Directors (BOD) – David Morrison, a founding partner of Lee Equity Partners of New York.

(Logo: http://photos.prnewswire.com/prnh/20110620/NE22418LOGO )

"I am extremely proud to announce that 2011 was a record year for Sanbolic – across the board," said Momchil "Memo" Michailov, Co-Founder and CEO of Sanbolic. "We believe this is due to the fact that while there is an overabundance of products that claim to address the storage virtualization challenge, the truth is they really only address a very small, often proprietary piece of the puzzle. IT executives and the channel will no longer settle for anything less than a fully comprehensive approach that enables them to avoid the challenges a poorly implemented, monitored and managed storage virtualization architecture can introduce. That's where Sanbolic Melio software comes in. Melio enables its users to remove the rigid binding between applications and storage, for improved workload agility; provision storage resources to meet unpredictable applications requirements, for consistent performance; centrally manage storage resources, to reduce overheard and ensure quality of service (QoS); and provide shared access to application data, to ensure high availability (HA)." He continued, "Melio is the exactly right solution at exactly the right time."

"Sanbolic's success has understandably not gone unnoticed," Michailov continued. "It has provided us with the luxury of attracting and retaining many of the industry's most talented professionals – both on our full-time staff, as well as advisors to the company. Consequently, I am honored to announce that Sanbolic has appointed David Morrison to its Board of Directors (BOD). David brings with him an immeasurable wealth of expertise that will undoubtedly prove invaluable as we move into 2012."

"I am thrilled to join Sanbolic's BOD and look forward to the opportunity and challenge of working with the amazing team already in place in order to help drive Sanbolic's continued extraordinary growth and leadership in the distributed data management space," stated Morrison.

David Morrison is a founding partner of Lee Equity Partners in New York. Lee Equity Partners is a mid cap, growth-oriented private equity firm led by Thomas H. Lee, who was a pioneer in the early stages of the private equity industry. Prior to joining Lee Equity, Mr. Morrison was President and CEO of Mercer Management Consulting, Inc. and Chief Executive for Mercer's Specialty Consulting businesses, a portfolio of strategy, operations and functional consulting firms. Mr. Morrison is co-author, with Adrian Slywotzky, of The Profit Zone: How Strategic Business Design Will Lead You to Tomorrow's Profits (a 1998 "Top 10 Best" Business Book) and Profit Patterns: 30 Ways to Anticipate and Profit from Strategic Forces Reshaping Your Business, published by the Times Books division of Random House. Mr. Morrison holds a B.S. in Aerospace Engineering from the U.S. Naval Academy in Annapolis and served eight years in the U.S. Navy as a Naval Flight Officer. He earned an M.S.E. from Princeton's Aerospace Systems Lab and he graduated with high distinction from the Harvard Business School, where he was named a Baker scholar.

2011 – A Big Year for Sanbolic:

About Sanbolic, Inc.
Founded in 2000, Sanbolic® is the global leader in distributed data management. Its Melio™ software suite delivers dramatically increased levels of application availability, scalability, protection and performance while decreasing cost and management complexity across enterprise data center applications such as Microsoft SQL, Microsoft SharePoint and Windows file-/web-serving, Citrix XenDesktop virtual desktop (VDI), and Microsoft Hyper-V private cloud environments. For further information, please visit the Sanbolic website at: www.sanbolic.com or email: [email protected].

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© Sanbolic, Inc. 2012. Sanbolic and Melio are trademarks of Sanbolic, Inc. All other brands and product names contained in the press release may be trademarks or registered trademarks of their respective holders.

PR Contact:
Nicole Gorman
Corporate Communications
Sanbolic, Inc.
M: 508-397-0131
[email protected]
www.sanbolic.com

SOURCE Sanbolic, Inc.