Feeds

Buyout... WHAT buyout? Violin Memory appoints new CEO

Former angel investor picks up the Violin bow

Security for virtualized datacentres

Violin Memory has appointed Kevin DeNuccio as its new CEO, to take over from the departed Don Basile, and has enabled interim CEO Howard Bain III to return to his board chairman role.

DeNuccio, 54, “brings to Violin more than 25 years of executive and board experience building, managing and growing leading technology businesses,” according to the tinned quote from Violin. Most recently Denuccio managed Wild West Capital LLC, an angel investing, management and technology consulting firm he co-founded in 2012.

He has been a CEO before, leading London-based Metaswitch Networks from 2010 to 2012 and Redback Networks before that. Ericsson bought Redback for $2.1bn in 2006.

Kevin DeNuccio

Kevin DeNuccio, Violin Memory CEO.

Bain’s canned quote said: ”His experience transforming businesses by developing deep client and channel relationships, rapidly scaling operations and cultivating talent will be invaluable to Violin as we focus on building a strong future for all our stakeholders.”

DeNuccio said he was confident that he and the exec team at Violin could increase shareholder value.

The appointment would indicate that all-flash array supplier Violin is not shopping itself to potential buyers and that the five informal offers Clinton Group president Gregory Taxin said Violin had received will be rebuffed.

It’s going to be interesting watching how DeNuccio reshapes Violin Memory’s business to return it to its market-leading position. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
It's Big, it's Blue... it's simply FABLESS! IBM's chip-free future
Or why the reversal of globalisation ain't gonna 'appen
IBM storage revenues sink: 'We are disappointed,' says CEO
Time to put the storage biz up for sale?
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
Microsoft and Dell’s cloud in a box: Instant Azure for the data centre
A less painful way to run Microsoft’s private cloud
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.