Marc Olesen President and CEO, Averail

Averail Corporation,
an early stage company developing a trusted mobile document solution
for the enterprise, announced the appointment of Marc Olesen as its new
president and CEO.

In addition, Michael Wolfe has been elected to the board of directors.

 Marc Olesen brings more than 20 years of experience in
business software and cloud-based solutions in organizational
leadership, business management and solution development. Before joining
Averail, he served as SVP and GM at McAfee, where he was
responsible for leading over 700 people in the Network, Content and
Cloud Security business unit. In this role, he led the worldwide growth
strategy and drove overall operations for engineering, marketing and
sales. Prior to that, he was VP of SaaS unit at Mercury Interactive
and continued to lead that business following its acquisition by HP.
His career also includes executive roles at companies including DNAnexus, Qwest CyberSolutions, BearingPoint, Remedy and Oracle.

Marc is a graduate of Stanford University with an AB degree in Economics and MS degree in Industrial Engineering.

"We are thilled to have Marc Olesen lead the organization," said John Drewry, Averail co-founder and VP of marketing. "As
we get closer to bringing our mobile document solution to market, the
timing is right to expand our executive team. Marc brings tremendous
depth and leadership expertise from security and software businesses
that will enable us to build and scale a winning company while
delivering on our vision to customers."

Averail announced initial venture capital financing earlier this year
and the company’s mobile product is in limited release. It is pursuing a
new approach to securing mobile documents that gives end users the ease
of use they need while still preserving the right levels of protection
for the organization. Unlike other mobile solutions that require
organizations to deploy new or secondary storage, Averail extends native
access to SharePoint and other storage sites. This preserves
governance, minimizes storage costs, eliminates unnecessary overhead and
promotes better collaboration across the organization.

"I’m joining the Averail team at an exciting time for both the company and the industry," said Marc Olesen. "As
more enterprises seek to extend vital business content to mobile
devices, Averail is uniquely poised to transform the way people access
and share that information."

Michael Wolfe is currently CEO at Pipewise, a software start-up based in
San Francisco, CA. Previously, he was a co-founder and VP of
engineering at Vontu, in Data Loss Prevention (DLP) solutions, acquired
by Symantec in 2007. Before that, he co-founded Kana, in web-based CRM,
which enjoyed an IPO in 1999.