Software Industry Veteran Tim Buckley Joins Xtium as CEO
Xtium, Inc., a leading enterprise software and solutions company providing managed cloud hosting, online backup and virtual disaster recovery services, today announced the appointment of software industry veteran, Tim Buckley, as chief executive officer and board member.
Buckley spent five years at Red Hat, Inc., where he served as chief operating officer, helping grow the company from a $10 million run rate into a leading global services business. Earlier in his career, Buckley 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. Buckley 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. Buckley currently serves on the boards of SciQuest, Inc. (NASDAQ: SQI), 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 http://www.xtium.com.