Tim Buckley CEO, Xtium

Xtium, Inc., an
enterprise software and solutions company providing managed cloud hosting,
online backup and virtual DR services, announced the appointment of software
industry veteran, Tim Buckley, as CEO and board member.

 Buckley spent five years at Red Hat,
Inc., where he served as COO, helping grow the company from a $10 million run
rate into a global services business. Earlier in his career, he ran worldwide
sales for Visio Corporation, growing the company from a start-up to a public
entity, which was acquired by Microsoft Corp. for $1.5 billion. He helped
launch other successful start-ups, including Aldus Corporation, acquired by
Adobe Systems Incorporated; Approach Software, which was sold to Lotus
Corporation; and Decision Resources, sold to Ashton Tate.

He was an advisor to MySQL, which was
acquired by Sun Microsystems, and served on the board of SmartPath, acquired by
DoubleClick. He currently serves on the boards of SciQuest, Inc.,
ChannelAdvisor and rPath, an app engine provider for the private cloud.

"Cloud computing has created a
paradigm shift in the technology marketplace and Xtium is well positioned to
capitalize on the resulting market opportunity," said Buckley. "The
paradigm shift from in-house IT computing to outsourcing to the cloud is
similar to the shift I experienced at Red Hat, bringing enterprise open source
software to a market that only had proprietary software options. After
evaluating the Xtium market opportunity, its recurring services business model
and the customer-focused culture, my decision to join was easy."

In September 2011, Xtium secured an
$11.5 million first-round investment from OpenView Venture Partners to scale
sales and marketing, expand the partnership ecosystem and accelerate delivery
of the company’s virtual private cloud services.

"Tim’s reputation and track record
for outstanding leadership and management of high growth software companies is
as good as it gets," said Scott Maxwell, founder and senior MD at OpenView
and Xtium board member. "It is great to have him on board."

Xtium’s full-service cloud offerings are
for companies that want to have a trusted partner architect their cloud
solution, perform the migration and manage the infrastructure. With a focus on
mid-market enterprises, It offers customers SLA-based services that range
from network optimization and online backup to virtual DR and fully managed
hosting.

Since winning its first managed cloud
customer in 2007, Xtium has expanded its portfolio of cloud services to include
virtual DR, virtual hosting, virtual desktop infrastructure, smart connectivity
and network and user-experience acceleration.

"Strong focus will
enable us to enhance and expand our customer relationships, further build our
team, and develop additional service capabilities that help customers
accelerate their hassle-free transition to the cloud," said Buckley.