|Industry and Investment Strategist to Join Management Team of Leading Business Continuity Software Provider
February 9, 2004
Burlington, MA, February 9, 2004 XOsoft, a leading provider of Business Continuity software solutions, today announced the appointment of Lars Borgwing, a long-time investment and business executive, to Executive Chairman. This announcement comes as the company continues to expand its product offering, define standards for disaster recovery, and form strategic partnerships such as the recent agreement signed with IBM to develop real-time replication software for the IBM TotalStorage« SAN File System.
"We are extremely pleased that Mr. Borgwing is joining our Board of Directors," said Leonid Shtilman, Founder and CEO of XOsoft. "With more than 20 years of experience in private equity investment, technology and IT software, both in the U.S. and globally, Mr. Borgwing is an invaluable addition to our leadership team. We are confident that he will help drive XOsoft forward as it enhances its line of business continuity products to better address the growing need for high availability backup and recovery solutions."
In 1996, Mr. Borgwing launched Standish Corporation, a management and business advisory firm focused on private equity investment, startups and buy-outs. Through Standish, Mr. Borgwing actively served on several high-tech corporate boards, and represented and advised clients such as Goldman Sachs, Lockheed Martin, Handelsbanken, the Stena Group and GE Capital. In addition, Mr. Borgwing has held senior executive positions with Net Insight, a Swedish public networking/telecommunications company, Corechange, an enterprise software vendor and numerous startup companies.
"As a leader in its field, XOsoft is committed to developing best-of-breed backup and recovery software platforms, and is geared to take Business Continuity to the next level," said Lars Borgwing. "I look forward to helping XOsoft thrive in this growing market, and to be a part of such a committed group of business and technology experts."
Founded in 1999, XOsoft is the first provider of business continuity software solutions that enable instantaneous recovery from any type of disaster, including common data corruptions. The companyĺs state-of-the-art WANSync and WANSyncHA business continuity software solutions allow enterprises to maintain peerless information availability. XOsoft's Data Rewinder Continuous Backup solution provides added protection, allowing system administrators to practically "undo" application and database corruptions by quickly and easily rewinding data resources to their latest consistent state.