New CEO looks to build on recent successes at cloud-based IT compliance and security leader
HOUSTON, TX, JULY 28, 2009 —
Alert Logic, an award-winning provider of cloud-based IT compliance and security solutions, today announced that Gray Hall, Alert Logic board member, has been named to the position of President and Chief Executive Officer. Hall will also be appointed as Chairman of the Alert Logic Board of Directors.
In his new role, Hall will be responsible for leading the company through its next phase of continued expansion and growth, building on the company’s history of strong revenue and customer growth.
“I am excited to take on this new role at Alert Logic. We are already positioned among the leaders in the fast-growing IT compliance and security market, and our unique cloud-based delivery model makes Alert Logic the platform of choice for market leadership over the next several years,” said Hall. “Our cloud-based solutions, featuring our outstanding log management and threat management technologies and complemented by 24×7 managed services, are the ideal approach for businesses seeking IT compliance and security solutions coupled with the ease-of-use, rapid deployment, and compelling economics of cloud computing. The market for these services is growing rapidly, due to the growing demand for IT compliance and security among businesses of all sizes in a wide variety of industries.”
Mr. Hall’s most recent President and CEO position was with VeriCenter, Inc., a national leader in managed hosting services for the enterprise and mid-market. Hall was co-founder of VeriCenter in 1999, and as President and CEO of VeriCenter Hall produced 28 consecutive quarters of revenue growth reaching $80 million in annual recurring revenue at the time of its successful acquisition by SunGard Data Systems in August 2007. VeriCenter was among the industry pioneers in delivering fully-managed IT infrastructure hosting solutions, a rapidly growing market which is now one of several IT service provider market segments being heavily influenced by a new generation of cloud computing solutions.
“Fueled by tremendous cloud services growth and the escalating need for solutions that address security and compliance challenges, numerous vendors are rushing into the cloud building-block market,” says Dan Golding, Vice President and Research Director of Tier 1 Research, the leading market research and industry analyst firm covering the hosting industry. “But only those with a strong history of successfully delivering integrated cloud solutions will continue to win enterprise business. Likewise, executives with strong service provider and managed hosting backgrounds, like Gray Hall, are well positioned for successful cloud services strategies.”
“At Alert Logic, we are committed to delivering industry-leading cloud-based solutions to business customers, and much of our historical growth has been driven through our successful partnership programs with hosting providers,” says Hall. “Alert Logic has produced impressive revenue growth, having tripled total revenue in a little more than two years. Our growth has been driven by direct sales as well as our partnerships with more than 20 hosting providers, in addition to leading MSPs and consulting firms. Going forward, we will look to drive growth through our expanding base of partners in the hosting, MSP and consulting sectors, adding Alert Logic’s proven cloud-based IT compliance and security solutions to our partners’ service portfolios.” The Alert Logic partner program methodology includes training, pricing, marketing, and pre-sales and post-sales assistance.
Mr. Hall also serves as Chairman of the Board of Directors of Mezeo Software Corporation, a cloud storage platform software vendor based in Houston, TX. After the acquisition of VeriCenter by SunGard, Hall served as Executive-in-Residence at Fidelity Equity Partners, a $500 million middle-market buyout fund backed by Fidelity Investments. Prior to VeriCenter, Hall’s experience included seven years with IBM, where he led the formation and launch of IBM’s Center for Scalable Computing Solutions in 1994, and several years in the venture capital industry including serving as Managing Director of Broadband Venture Partners, LLC and various roles with a number of early-stage IT hardware and software start-ups.
About Alert Logic
Alert Logic is a leading provider of cloud-based IT compliance and security solutions. By enabling its customers to detect threats, eliminate vulnerabilities, and manage log data, Alert Logic provides the easiest way to secure networks and comply with policies and regulations. Alert Logic’s cloud based platform utilizes Software-as-a-Service to deliver the benefits of rapid deployment, zero maintenance, and no upfront capital costs. As a result, Alert Logic customers benefit from easy and affordable compliance and security. Based in Houston, Texas and founded in 2002, more information about Alert Logic can be found at http://www.alertlogic.com.