Availant Promotes Mark D. Gagne to CEO and President.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 22, 2001 Availant Inc., a leading provider of availability management software and services, today announced that Mark D. Gagne has been promoted to chief executive officer and president, succeeding founder George R. Linscott, who will focus on his exclusive role as chairman of the board. "We are entering an important chapter of Availant's corporate development in which we are leveraging our technology and expertise to define a new segment of the systems management market," said Linscott. "I am pleased that Mark, who has an outstanding record of building successful companies, will be leading Availant's next stage of growth with his passion and energy." "From the beginning, I have been impressed with Availant's talented people, robust technology and depth of expertise in the availability management space," said Gagne. "I'm looking forward to tapping all of these internal resources and those of our strategic partners to expand Availant's market presence, and position the company as a world-class provider of availability management solutions." Gagne will draw upon the company's existing partnerships and acknowledged expertise in high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. to solidify a leadership position in the emerging automated availability management market segment. Availant is developing important channel relationships that will enable Availant Manager(TM), the company's flagship availability management product, to gain traction in this niche. In addition, the company plans to expand the breadth of the Availant Manager product line beyond Windows NT to Solaris and other OS platforms including Linux. "Building a solid distribution infrastructure is critical to Availant's product strategy," said Gagne. "We intend to develop strategic partnerships across a number of channels--from hardware manufacturers, operating systems developers and managed service providers, to database, storage management and systems management companies." Gagne joined Availant in February as executive vice president and chief financial officer. He possesses 19 years of finance, acquisitions and operations management experience, including four years at CMG CMG Coastal & Marine Geology (USGS) CMG Chipotle Mexican Grill, Inc. (stock symbol) CMG Companion (of the Order Of) St Michael and St George CMG Computer Measurement Group Information Services See Information Systems. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ) where he led the company's successful 1994 IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . Prior to joining Availant, Gagne was executive vice president, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and chief financial officer at Clarus Corporation (NASDAQ: CLRS CLRS Center for Labor Research and Studies CLRS Central Launch and Recovery Section CLRS Claims Legal Research System ), where he directed all operations of the company, including leading the company through a $244 million secondary offering while managing the company's rapid growth. About Availant Availant is the world leader in providing software and services that help maintain the availability of business-critical applications and systems. Founded in 1989, the company's customers include more than half of Fortune 500 companies worldwide in the finance, telecommunications, retail, health care and transportation industries, where high-availability and continuous access to enterprise information is essential to business operations. The company's products and services are available directly from Availant and through business partners including Compaq, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , and a network of value added resellers (VARs) in the United States, Europe and the Pacific Rim. Availant is headquartered in Cambridge, Mass., with a regional office located in Austin, Texas. Additional information is available through the company's Web site at www.availant.com or by calling (617) 621-2542. Availant and Availant Manager are trademarks of Availant Incorporated. All other trademarks or registered trademarks are the property of their respective companies. |
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