SAN JOSE, Calif. – June 5, 2012 –Vormetric, Inc., the leader in enterprise encryption and key management, today announced that Bill Schroeder, a highly regarded Silicon Valley technology company builder, has joined the Company’s board of directors. Mr. Schroeder has been Chief Executive of several very successful private technology companies and taken them public, including Diamond Multimedia, Priam Corporation, and Conner Peripherals.
“Bill Schroeder is a highly regarded technology industry executive and sought after board member in Silicon Valley and beyond,” said Richard Gorman, CEO of Vormetric, Inc. “We are pleased to welcome Bill to the Vormetric Board of Directors. His substantial experience building and taking companies public makes him a valuable addition as we take Vormetric to the next level of development.”
Mr. Schroeder was previously CEO of Diamond Multimedia Systems and president and vicechairman of Conner Peripherals, two well-known technology industry success stories. He has grown tech companies from start-up through IPO and led large, successful public companies. After leaving Vormetric in 2004, Mr. Schroeder transitioned to a strategic advisory role and serves as a board member for private technology companies. In this role, Mr. Schroeder has helped guide several companies to successful exits including WatchGuard Technologies (acquired by Francisco Partners), AlphaSmart (acquired by Renaissance Learning), Omneon (acquired by Harmonic) , Xircom (acquired by Intel), and VXtreme (acquired by Microsoft). Mr. Schroeder holds an MBA with High Distinction from Harvard Business School, as well as an MSEE and BSEE from Marquette University.
“Since 2004, Vormetric has evolved from a start-up to a profitable, thriving market leader,” said Bill Schroeder. “The market need for protecting stored data from theft has caught up to the Company’s technology, which is unique in its ability to transparently encrypt data at very high speeds and to safely manage encryption keys. I look forward to working with Vormetric management to help the company achieve its potential.”
Vormetric (@Vormetric) is the leader in enterprise encryption. The Vormetric Data Security product line provides a single, manageable and scalable solution to manage any key and encrypt any file, any database, any application, anywhere it resides— without sacrificing application performance and avoiding key management complexity. Some of the largest and most security conscious organizations and government agencies in the world, including 15 of the Fortune 25, have standardized on Vormetric to provide strong, easily manageable data security. Vormetric technology has previously been selected by IBM as the database encryption solution for DB2 and Informix on LinuxTM, Unix® and Windows; and by Symantec to provide the Symantec Veritas NetBackupTM Media Server Encryption Option. For more information, visit www.vormetric.com.
Marc Gendron PR