StorONE
today named operations and finance veteran Gil Vassoly as its new CFO.
Vassoly’s addition will support the accelerated growth of the company
and he will also be responsible for managing the company’s financials –
including fiscal planning, mitigating risks, and reporting and analysis
– to help ensure that StorONE retains its leadership position in the
high-performance, enterprise-class storage market. He reports directly
to company co-founder and CEO Gal Naor.
Vassoly has nearly two decades of experience accelerating growth,
creating and sustaining leading-edge technology companies and other
world-class global organizations. He has leveraged this experience to
develop and execute transformation and restructuring plans, as well as
growth opportunities, with a focus on profitability, cash flow and value
creation.
Vassoly comes to StorONE from Gibbs International Inc., where he served
as the COO and CFO. Prior to Gibbs International, he served as a
principal at a private equity firm, The Gore Group. Previously, Vassoly
worked in a variety of management and executive positions within KLA and
was an audit manager at PriceWaterhouseCoopers. He holds bachelor’s
degrees in accounting and finance from The College of Management, the
school of business administration.
“I am excited to step into a new role at a well-established company like
StorONE and look forward to helping ensure that it is properly
positioned from a financial standpoint to accommodate and accelerate its
success during this next growth phase,” said Vassoly. “With a strong
patent portfolio, innovative approach to storage, and massive investment
in research and development of its software, it is an exciting time to
join the company and play a key role in delivering continued success.”
StorONE’s TRU™ SDS patented technology is the most complete storage
software solution on the market. It is the first and only software
solution that can be used for an all-flash or hybrid array, virtual
storage, secondary storage, or cloud storage, and that supports all
protocols (block, file and object), all powered by the same software. As
the only storage vendor to enable high performance, capacity and virtual
appliance in a single software solution, StorONE offers more
flexibility, to eliminate the need for future planning so companies can
grow their IT resources as they need.
“For the past 8 years, we have been quietly developing a game-changing
technology while simultaneously building a strong management team that
will ensure we are optimally positioned for success,” said Gal Naor,
StorONE co-founder and CEO. “We welcome Gil to our leadership team and
we look forward to his contributions to our company. We are counting on
him to ensure our optimal financial health so that we can best continue
to deliver a new generation of enterprise storage software that deliver
enterprise-class storage, high performance, complete data protection and
no performance degradation, all with lower cost than the cloud.”
About StorONE
StorONE was created to prove that for the first time, enterprises no
longer have to compromise to solve their biggest data performance,
protection and complexity issues. StorONE’s TRU™ SDS is the most
complete storage software solution on the market. It is the first and
only software solution that can be used for an all-flash or hybrid
array, virtual storage, secondary storage, or cloud storage, and that
supports all protocols (block, file and object) – all powered by the
same software. At the same time, the StorONE software delivers complete
optimization of any hardware, and it is completely future proof. This
creates a dramatic reduction in the cost and management of enterprise
storage and maximizes flexibility to take advantage of the most recent
hardware innovations, making the life of the data center manager easier.
StorONE is led by a team with a proven track record of changing the data
storage industry and backed by a board that includes industry
visionaries from three of the largest companies in the world. StorONE
has filed more than 50 patents and has attracted investments from
leading venture capital firms and drive manufacturers like Seagate.
Additional information about StorONE is available at https://www.storone.com or
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190529005326/en/