Working together, proven entrepreneur Wu and Vertica CEO Christopher Lynch have returned over $6 billion to previous investors in several successful startups
BILLERICA, MA, June 15, 2010 – Vertica, the leading provider of next generation analytic database software, today announced Cheng Wu has joined its board of directors. Wu, currently co-founder and Chairman at Azuki Systems, is one of the most successful and prolific entrepreneurs of his generation. He rejoins Christopher Lynch, Vertica’s recently named President and CEO, to collaborate for the fourth time in the past 10 years.
Between Arris Networks, Prominet, ArrowPoint Communications, Acopia Networks and Azuki Systems, Wu and Lynch have generated over $6 billion in returns to investors and created thousands of jobs. At Vertica, Wu joins Lynch, and a team of industry luminaries that include Ray Lane, former President of Oracle, and Dr. Michael Stonebraker, a ‘founding father’ in the relational and data management system industry.
In 2001, Wu founded and served as Chairman of Acopia Networks, a leader in high-performance, intelligent file virtualization solutions, where Lynch helmed as CEO. Acopia was acquired by F5 Networks in August 2007. Prior to Acopia, Wu held various executive positions, including Group VP and General Manager of the Content and Multiservice Edge Group (CME). He had joined Cisco Systems in June 2000, through Cisco’s acquisition of ArrowPoint Communications. Wu had founded ArrowPoint Communications, where he served as Chairman of the Board and CEO, leading the company to a successful IPO in April of 2000. He also founded Arris Networks, a Massachusetts-based startup that developed high-density Internet access products, that was acquired by Cascade Communications in May 1996. Post acquisition, he served as Cascade’s Vice President for remote access engineering.
“Cloud computing, virtualization and data management are all areas of technical interest to me as I believe they will change the face of the next generation of our industry,” commented Wu. “Further, the opportunity to work with Dr. Stonebraker and continue my partnership with a leader of Chris’ capabilities was one I could not pass up. Chris brings an unbridled intensity to everything he does and has a terrific platform in Vertica to build a special company.”
“Vertica is entering a stage of accelerated growth, and assembling a team this diverse and accomplished is imperative,” said Christopher Lynch, Vertica’s President and CEO. “I’m extremely honored and excited to be working with Cheng again. His insights and vision will benefit Vertica customers and the analytic database market as a whole.”
Vertica Systems provides a true columnar analytic database management system that delivers the fastest, most scalable and easiest way to gain business intelligence from huge volumes of data in near-real-time. Vertica has developed a modern SQL-based analytic database with an MPP architecture that runs on low-cost standard hardware. The technology enables companies to gain a competitive edge by querying enormous databases 50x-1000x faster and for a lower Total Cost of Ownership than other solutions. The Vertica Analytic Database is available as software only, as a hardware-based appliance, as a virtual appliance on VMware or online as a cloud computing solution. The technology’s unmatched speed, simplicity and scalability are used by more than 130 customers including Verizon, Guess Inc., Zynga, Capital IQ, Mozilla and Comcast. Vertica is headquartered in Billerica, MA.