Press release

CDS Seizes TPM Market Opportunities with New CEO Steeped in Managed Services

Sponsored by Businesswire

(Computer Data Source), a leading specialist provider of data center
third-party maintenance (TPM) and high-end data storage for enterprises,
today named experienced IT industry executive Dan Newton as its new
Chief Executive Officer.

With over 15 years of managed services and enterprise technology
experience, Newton has delivered leading-edge IT solutions to some of
the most recognized brands in the world. As CEO, Newton will focus on
growing and diversifying CDS’ service offerings and customer base and
fostering best-in-breed partnerships. His appointment as CEO follows New
State Capital Partners acquiring a majority stake in CDS this past

“There is a tremendous amount of growth opportunity in the third-party
maintenance services market as IT lifecycle management becomes a
top-line priority for businesses,” said Steve Larned, Senior Principal
of New State Capital Partners. “Dan’s experience working with SMB’s to
Fortune 100 businesses and his understanding of the entire data center
ecosystem – from servers to storage, networking, and software and cloud
strategies – directly answers the needs of our customers. His experience
and leadership will help guide CDS into its next phase of delivering
solutions that help enterprises optimize their infrastructure and get
the most value out of their data center.”

Newton joins CDS from HiveIO, a developer of intelligent virtualization
technology, where he served as CEO. Prior to HiveIO, Newton was Chief
Operating Officer for the managed services company Datapipe, supporting
customers globally in over 20 data centers and across private and public
cloud solutions. Datapipe was acquired by Rackspace, where Newton served
as GM and SVP of Service Delivery. Newton has also held key leadership
roles with Dell and Perot Systems.

“I am very excited to join CDS and its incredible leadership team,” said
Dan Newton, CEO of CDS. “In addition to CDS’ impressive mix of
enterprise-level data center system expertise, support, and global
delivery capabilities, they have fostered industry-leading partnerships
that drive value for customers. As the TPM market grows in value, we
have a unique opportunity to deliver world-class service to global
customers and to push the envelope with new, differentiated services.”

CDS operates in over 50 countries and partners with major technology
service providers to deliver installation, implementation, support,
training, and data center administration services to end-users across a
broad range of industries.

About CDS

CDS is a market-leading provider of mission-critical data center
hardware maintenance and support for high-end storage and service
equipment. CDS offers post-warranty support services primarily through
OEMs and Channel Partners, servicing a diversified customer base
throughout the U.S., U.K., Canada, Germany and Australia. The company’s
maintenance and support services are designed to extend the useful life
of its clients’ hardware, further increasing return on investment for
these systems. CDS employs highly skilled, industry-certified engineers
and dedicated account managers and partners globally. The Company
currently services 150+ clients and works with 75+ channel partners that
also operate as clients with significant IT infrastructure, diverse
maintenance needs and cost containment requirements.