Certeon Snags New CEO and New Round of Venture FundingMarketWatch May 01, 2012 Back to press
Company announces the appointment of software veteran, Massood Zarrabian, as Chairman and CEO
BURLINGTON, Mass., May 1, 2012 /PRNewswire via COMTEX/ -- Today Certeon Inc. announced that Massood Zarrabian has joined Certeon as Chairman and Chief Executive Officer and that they have raised a new $4 million round of venture capital to fund continuing investments in R&D and Sales.
"We are fortunate to have somebody with Massood's experience join Certeon," said Robert Davoli of Sigma Partners. "Certeon is well positioned to change the way enterprises access applications in the cloud, and we expect Massood will be able to accelerate our growth in this emerging market."
Massachusetts based Certeon's business is focused on accelerating and broadening networked application access. Customers include Aviva plc. Insurance, the Omnicom Group, WaterAid and LeapFrog among others.
Massood comes to Certeon with more than 30 years of technology industry leadership, software expertise, and executive management experience. Massood oversees Certeon's corporate direction and strategy, focusing on leadership, innovation and customers. In addition he serves on the Certeon Board of Directors.
Before joining Certeon Massood was President and CEO of OutStart. He led OutStart from a newly funded software company with one product and a handful of customers, to an acknowledged market leader. OutStart was profitable for 7 years in a row and received many accolades, including recognition as a Visionary in Gartner's Magic Quadrant for 7 consecutive years. OutStart was acquired in February 2011, by KeneXa Corporation, a leader in the Human Capital Management market.
Prior to OutStart Massood was President of the eService Division of Broadbase Software, a leading provider of eCRM solutions. Previously he served as President and CEO of Servicesoft and directed their successful merger with Broadbase Software. Massood has also held executive positions with Lewtan Technologies and Cayenne Software, as well as a number of senior management positions at Computervision Corporation. He is a graduate of the Massachusetts Institute of Technology (MIT).
"One of the biggest issues in the burgeoning cloud computing market is that the network becomes a bottleneck to creating a flexible virtualized world," stated Massood Zarrabian Certeon Chairman and CEO. "Certeon is at the forefront of solving this problem, providing a platform that removes traditional networking bottlenecks and delivers ultimate access flexibility. I am looking forward to growing Certeon's presence in this dynamic new marketplace while providing our customers with a future-proof product to accelerate applications for their enterprises'."
Previous investors Sigma Partners, Globespan Capital Partners and RRE Ventures LLC all participated in the new round of funding.
Accelerate and broaden application access by virtualizing your network. Certeon eliminates traditional network constraints and geographical barriers, providing any user a LAN-like experience when working with business-critical applications and data. Certeon software is built for your virtualized environment. It is more scalable and flexible than classic proprietary hardware solutions and it runs on Windows. We are continuously enhancing our products, protecting your investment in Certeon software and preparing your data center for the future.
Certeon is a private company backed by Sigma Partners, RRE Ventures LLC and Globespan Capital Partners, headquartered in Burlington, Massachusetts, and USA. www.certeon.com