Wily Technology Names Dick Williams as CEO And Closes Financing Round With Accel Partners and Greylock Management.
BURLINGAME, Calif.--(BUSINESS WIRE)--Oct. 15, 2001
David Strohm of Greylock Management To Become Chairman of the Board
Wily Technology, the leader in Java Web Application Management, today announced the appointment of Dick Williams as president and CEO and David Strohm of Greylock Management as chairman of the board. Further, the company announced the completion of a $10 million round of financing from Accel Partners and Greylock Management.
"Accel enthusiastically increased our investment in Wily, reflecting our strong conviction that Wily is on track to become a category defining systems management company for enterprise Java computing," said Accel managing partner, Jim Breyer. "Accel has a history of backing early stage software companies with proven teams and proprietary technology in fast growing markets, and Wily meets all of those criteria. Over the past year they have exceeded expectations, developing meaningful relationships with industry leaders BEA and IBM, and successfully deploying their patented, proprietary technology with blue-chip companies. The addition of Dick Williams as CEO, who has an impeccable track record as a software CEO, further establishes them as the leading Java web application management company."
Williams has had a long and impressive career in the high-tech industry. He worked for 22 years at IBM in a variety of management roles culminating with his service as vice president with the General Products Division. He then served as president and CEO of Digital Research, which was later acquired by Novell. At Novell Williams served as executive vice president of sales and general manager of Novell's Digital Research Systems Group.
Williams moved on to become president and CEO of Illustra Information Technologies, the pioneering vendor of enterprise object relational database software. During his tenure, the company grew from 30 to over 200 employees, was recognized as the "Most Influential Company in the Database Marketplace," and was acquired by Informix for over $400M in stock. Most recently, Dick was a co-founder of Quokka Sports.
"This is a tremendous opportunity for me and I am extremely pleased to be joining the Wily team," said Williams. "With the many successes that this company has achieved to date and the many more that we expect for the future, I truly believe that Wily Technology has what it takes to become a sustainable, long-term force in the industry. I look forward to helping build Wily as we define this new category of systems management software for enterprise Java computing."
"I can't think of any individual better suited to take Wily through its development as a world-class software company," said Wily's founder Lewis Cirne. "This is clearly the biggest milestone to date for Wily Technology and I am absolutely thrilled that Dick has chosen to come on board to share with us his outstanding talents and immense experience."
Wily also announced that David Strohm has been appointed chairman of the board of directors. A highly respected member of the venture capital community, Strohm joined Greylock in 1980 and opened its Palo Alto office in 1983. He is a graduate of Dartmouth College and Harvard Business School.
Strohm currently serves on the board of several companies including DoubleClick, Legato Systems, and Mobile Automation. Strohm also led Greylock's historic involvement with companies such as Forte Software, Kiva Software, Mentor Graphics, Net Effect Systems and Octane Software.
"Over the past two years, Wily has emerged as an innovator and thought leader in the management of enterprise Java-based web applications. With the addition of Dick Williams as CEO, Wily now has a seasoned and complete management team, capable of moving Wily into an industry leadership role," said Strohm. "Greylock is delighted to be a visible sponsor and major shareholder in Wily, and I look forward to contributing to this success in my role as chairman."
Founding CEO Cirne will become Wily's chief technology officer. In this position he will take a leading role in the future technological development of the company and its products with the goal of extending and refining the services offered to customers deploying high-performance e-business solutions. Additionally, Cirne will be responsible for working with customers and partners on delivering the company's vision of bringing enterprise class performance management to the Java platform.
About Wily Technology Inc.
Based in Burlingame, Calif., Wily Technology, Inc. is the leader in performance management software for Java-based enterprise applications. Wily's patented Introscope software monitors these applications -- isolating bottlenecks and minimizing downtime -- in real-time production environments. Introscope's unique instrumentation technology allows complete, scalable monitoring of mission critical applications without the need for any extra development. You can learn more at http://www.wilytech.com/ or call 1.888.GET.WILY.
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|Date:||Oct 15, 2001|
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