Allen Deary COB of Vault USA

Vault USA, an online backup and disaster recovery solution provider,announced the formation of its Board of Directors with technology industry veteran Allen Deary as chairman and members Steve Townsend, Jim Milligan and Charlie Palmer. The company has also expanded its executive management team with the appointment of Tom Trometer as CFO.

“We are thrilled to have the support of these industry professionals imparting their vast and varied areas of expertise as we focus on growing Vault USA,” said Vault USA Founder, President and CEO Thomas Gelson. “Their experiences and knowledge coupled with our strong leadership team will help drive Vault USA’s success servicing our expanding customer base as well as OEM and channel partners in need of comprehensive and cost effective online back up and disaster recovery solutions.”

Newly Appointed Board of Directors Offers Depth and Breadth of Experience

Board Chairman Allen Deary will serve as a key advisor bringing to bear two solid decades of experience in the technology industry. He currently serves on the Board of Web Layers and CYA Technologies and is vice president of OPD Services for Sierra Atlantic, a 2,000 person India and China based provider of IT services and off shore product development which purchased ArrAy Inc. in August of 2007. Allen co-founded ArrAy in 1999 as a privately held company with no outside capital investment and maintained its profitability throughout the life of the company. In 2002, Allen co-founded Human Asset Technology, a software-as-a-service (SaaS) based provider of organizational performance management systems, and sold the company in 2005 to SilkRoad Technologies of Winston Salem, NC. Allen also co-founded Peritus Software Services, Inc. in 1991 and served as its CFO and CEO leading to a highly successful IPO in 1997. He has also held product development and financial positions at Honeywell-Bull and Apollo Computer.

Board member Steve Townsend served for nearly 25 years at United Natural Foods, Inc., the leading natural and organic food distributor in the U.S., having joined the company in 1981 as controller and rising through the ranks. He retired in 2006 after having served as president, CEO and chairman for five years. During that time, Steve was instrumental in growing sales from approximately $1 billion per year to more than $2.3 billion per year and successfully completing more than 25 acquisitions.

Board member Jim Milligan has a deep history as a senior executive with 3M and Imation Corporation, a data storage company spun off from 3M in 1996. In particular, he brings extensive leadership experience with regard to developing complex global business relationships with OEMs such as IBM, HP, Sun and Dell, and channel partners such as Office DEPOT and Corporate Express. Most recently, he served as general manager of the Americas region for Imation, where he was responsible for driving P&L results in the region, predominantly with and through OEMs and commercial channels of distribution. He was instrumental in leveraging Imation’s dominant data storage media position into a broader portfolio of products and services including DataGuard Vault, an on-line backup service targeted for small to mid-size businesses.

Board member Charlie Palmer is currently a private investor and has served on the Boards of numerous private, public and civic organizations. He was most recently with Sierra Atlantic, where he focused on the successful integration of ArrAy Incorporated. With fellow Vault USA Board member Allen Deary, Palmer co-founded ArrAy in 1999 as an outsourced product development (OPD) company and as co-CEO led the growth of ArrAy into a leading, international OPD services company with development centers in the United States, China, Ukraine, Bangladesh and India. In 2002, Charlie co-founded Human Asset Technology also with Allen Deary. Previously, Palmer was president and CEO of Gentia Software Inc., where he transitioned the headquarters to the U.S. from the UK, tripled revenues and attained profitability which led to a highly successful IPO. He also spent 20 years at Comshare, Inc. where he served in a number of senior executive positions the most recent being senior vice president of North American Operations. Palmer grew Comshare into the largest independent time-sharing company and then led its transition into an industry-leading business intelligence software and services company.

New CFO Joins Executive Management Team
Tom Trometer brings more than 25 years of financial management experience to his role as CFO at Vault USA. Tom directs the corporate treasury function, establishes the protocols and standards for internal reporting and assists in building the business model and plan for the company. Previously, Tom was VP Finance and CFO of CableSoft, where he was instrumental in raising capital and selling the company to Motorola. He was also VP of Finance and treasurer of Opta Food Ingredients, a public company, and was instrumental in raising over $40M in equity funds. He was also a manager in the Middle Market and Growing Companies Division of Price Waterhouse Coopers.

Vault USA launched its online data backup and recovery solutions earlier this year followed by an announcement that it acquired MoreStor Vault, an online backup and recovery service offering launched by More Group, Inc., as More Group was acquired by Forsythe Solutions Group, an industry leading IT infrastructure integrator. Simultaneously, Forsythe will soon launch the Vault USA service to its greater North American customer base. More than 800 customers leverage the service today for online backup and recovery needs.