Former Red Hat, SAS Executive to Capitalize on Company’s Leadership in Virtual Lab Management Applications to Continue Explosive Growth
AUSTIN, Texas — July 10, 2007– Surgient, the leader in Virtual Lab Management Applications for software testing, training and evaluation , today announced the appointment of Tim Lucas to the position of President and Chief Executive Officer. Formerly Surgient's Chief Financial Officer, Lucas brings more than 18 years of operating, financial and professional services leadership experience and a strong commitment to customer success to the CEO position. Lucas replaces former Surgient CEO Bill Daniel, who remains with the company in an advisory role.
“Bill Daniel accomplished his mission to establish Surgient as a leader in the virtual lab automation market. This is the right time for Tim to step in and take the company to the next stage and extend Surgient's leadership position in the market,” said David Campbell, vice president of Principal Investments Area at Goldman Sachs. “Tim, who was hired a year ago with this transition in mind, has extensive experience successfully managing the financial and operational aspects of both large and small technology companies.”
Prior to joining Surgient as CFO, Lucas held key executive roles throughout the technology industry which broadened the scope of his experience as a management executive. He was director of finance for the fastest growing business unit of SAS Institute, Inc., the largest private software company in the world. In this role Lucas was the lead financial executive responsible for a business with revenues in excess of $200 million dollars per year. Lucas also served as Vice President of Consulting and Senior Director of Operations at Red Hat, Inc., where he reorganized the consulting practice and founded the company's global professional services practice, changing the delivery approach from technology-centric to one focused on client needs.
Prior to Red Hat, Lucas was the Vice President and CFO of Akopia, Inc., where he managed finance and operations for the provider of open source e-commerce software and services from the start-up phase through a period of rapid growth, leading to its acquisition by Red Hat. Lucas also brings experience in leading a company through an initial public offering, as he successfully did for Petroglyph Energy.
“Interest in Surgient's award-winning products continues to grow as virtualization becomes a vital component of both the software development and delivery processes,” said Lucas. “I look forward to growing our already strong customer relationships and accelerating their success. Capitalizing on our market leadership, we will continue to implement new strategies to promote revenue growth during this time of rapid market expansion and change.”
Surgient puts virtualization technology to work for the world's largest independent software vendors (ISV's) and Global 2000 organizations. The first company to provide virtualization applications that automate the deployment and teardown of complex enterprise software environments or “virtual labs”, Surgient's award-winning virtual lab applications enable end users to provision needed computing resources on-demand for business-critical initiatives such as software QA/Test, Training, Sales and Marketing. With more than 1,000,000 virtual labs delivered to-date, Surgient enables companies such as Business Objects, EMC, Mercury Interactive, Microsoft, Siebel Systems, Starwood Hotels & Resorts, and Symantec to dramatically accelerate the software application delivery lifecycle, reduce operating costs, increase productivity and enable IT to better align with business priorities. Surgient partners with leading technology companies including EMC/VMware, Microsoft, Mercury Interactive, Saba / Centra, ViewCentral and WebEx Communications. Surgient is a private, venture-backed company based in Austin , Texas. For more information, visit www.surgient.com.