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Zenoss Appoints Enterprise Software Veteran Greg Stock as CEO

Company Posts Record Q1 Revenues; Secures New Austin Headquarters

AUSTIN, TX -- (Marketwired) -- 06/17/14 -- Zenoss Inc., the leading provider of unified IT monitoring and analytics, today announced that industry veteran, Greg Stock has been appointed Chief Executive Officer. Stock has held multiple CEO positions and brings more than 20 years of enterprise software growth experience to Zenoss. As CEO, Stock will seek to expand market share of Zenoss' award-winning solution to enterprises and service providers worldwide. Previous CEO and Co-founder Bill Karpovich will remain on the Board of Directors.

Zenoss reached a number of milestones in Q1, including achieving record revenues and completing a move to its new 35,000 square foot headquarters in the Four Points area of Austin, Texas. Zenoss also was awarded a reader's choice award by Virtualization Review, and was recognized as a leader in IT Operations Analytics by ITOA Landscape. In addition, Zenoss achieved certified integration partnership status with ServiceNow, and also extended its solution support for Oracle databases, HP and Dell rack servers, plus HP and Dell converged infrastructure solutions.

"With such terrific momentum, it's an exciting time to be joining Zenoss," said Greg Stock. "Organizations are eager to embrace the power of the modern IT environment and they need innovative solutions to manage the complexity of virtualization and cloud technologies. Zenoss is at the forefront of this evolution and is poised for aggressive growth. I'm pleased to join the team and look forward to helping accelerate its momentum."

"Greg Stock is the perfect leader to take Zenoss into its next phase of growth, innovation, and customer success," said Bill Karpovich. "Greg is an inspiring leader with a tenacious approach to driving growth and market leadership. His experience leading enterprise software companies through rapid growth and IPO -- and passion for building a great company headquartered in Austin -- make him an ideal fit."

"We are thrilled to welcome Greg to the team as Zenoss continues on its growth trajectory," added Tom Jennings, a board director at Zenoss and a Managing Director of Summit Partners, a growth equity firm that invested in the company in 2012. "And we look forward to continuing to work with Bill on the board."

Greg brings more than 20 years of executive leadership experience to his role as CEO. Most recently Greg served as Entrepreneur-in-Residence at Austin Ventures and chairman of Macheen. Prior to this, Stock was chairman and CEO of Vovici, an enterprise feedback management company that was acquired in 2011 by Verint Systems. During his tenure, Vovici's customer base grew to more than 1,200 companies including 50 percent of the Fortune 500.

In 2004, Stock was president and CEO of Mirage Networks until it was acquired by Trustwave in 2009. Under his leadership, Mirage's customer base grew from zero to 600 companies across 40 countries and the company secured $37 million in funding.

Previous to Mirage Networks, Stock was a key player in several successful technology companies. As vice president of marketing, Stock helped to drive Vastera, a provider of global trade management solutions, to a market leading position and was instrumental in the company's successful IPO in September, 2000. Earlier in his career, Stock helped Manugistics, the supply chain management leader, grow to more than $200 million in revenues.

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About Zenoss
Zenoss is a leading provider of unified IT monitoring and analytics. Over 35,000 organizations worldwide have deployed Zenoss to manage their networks, servers, virtual devices, storage, and cloud infrastructure, gaining visibility and control of their IT operations.

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