|[April 29, 2014]
XYPRO Completes Management Buyout
SIMI VALLEY, Calif. --(Business Wire)--
The management team of XYPRO Technology Corporation, a leading provider
of mission critical security solutions, has successfully completed a
management buyout from the company's founders, and previous owners, Dale
Blommendahl and Sheila Johnson.
The buyout has been led by Lisa Partridge, XYPRO's President, along with
Barry Forbes and Andrew Price, who are both executives with the company.
Headquartered in Simi Valley, XYPRO Technology Corporation was founded
in 1983 and develops security software solutions primarily for HP
NonStop users, who rely on XYPRO to protect their critical user and
application data. XYPRO's employees are predominantly located in Simi
Valley, California, with sales and support offices around the world.
"XYPRO has been a pioneer and a strong participant in th mission
critical security space for many years," said Partridge, "this buyout
positions us to continue to grow with the industry and our customers."
Partridge, Forbes and Price have over 60 years of HP NonStop security
experience between them, and have been at XYPRO for many years in
various roles. Moving forward, Lisa will serve as President and CEO,
Barry will remain Vice President of Sales and Marketing, and Andrew will
move into a new role of Vice President, Technology. Other changes of
note include the promotion of Richard Nissenbaum from Controller to CFO
and Ellen Gershev from QA Manager to Director of Engineering. No other
significant staff changes are planned.
XYPRO's management team will continue to innovate, grow and execute the
strategy for the company. The Board will be made up of members of the
executive management team, Dale Blommendahl and Sheila Johnson.
XYPRO Technology Corporation is the market leader in HP NonStop server
security, audit, compliance assessment and FIPS-validated encryption
software. XYPRO solutions meet the strict requirements of companies that
manage, access and transport highly sensitive data. To learn more about
XYPRO and our Enterprise-wide mission-critical security and encryption
solutions, visit us online at www.xypro.com.
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