Bedford, Mass, January 19, 2016 –
“The addition of Frank to our Board is another step toward EDB’s strategy of transforming the market for Postgres and open source database management systems into the de facto standard for enterprise databases,” said Ed Boyajian, President and CEO of EDB. “We just finished our 24th consecutive quarter -- six uninterrupted years -- of subscription revenue growth. Frank is joining us at an important inflection point.”
Fanzilli spent 17 years at CSFB as Managing Director and ultimately as global CIO. As CSFB’s CIO, he managed a $2 billion budget and transformed the IT department from a service provider into a major catalyst for strategic corporate initiatives. As enterprises seek ways to transform their database infrastructure with Postgres, the leading open source database management system, Fanzilli’s depth of experience will provide a critical voice on EDB’s Board of Directors. His successful record of leading enterprise growth will support the expansion of EDB’s strategic growth initiatives aimed at helping global brands redirect spend from traditional database vendors to new, data-driven applications.
“I saw first-hand the strain that traditional database vendors put on enterprise IT budgets. EDB Postgres represents an opportunity for IT departments to support strategic enterprise business initiatives, transform and modernize their operations and meet today’s digital agenda,” said Fanzilli. “I examined the database marketplace, and realized that EDB will be leading a revolution I want to join.”
Fanzilli has served on the Boards of several leading data management companies: 1010data (acquired in 2015 by Advance Newhouse), Asset Control (acquired in 2013 by Marlin Equity Partners) and CommVault (NASDAQ: CLVT, where Frank currently serves on the Board). He also serves as Lead Director of Calypso Software, a leading trading and risk management software company, and is a veteran director of The Linux Foundation, where he has served as an independent director for more than a decade.
Added Boyajian, “Frank brings an invaluable dual perspective as an enterprise customer and a corporate insider. His depth of knowledge will help strengthen our go-to-market strategies as we continue to add more global brands, and expand upon our existing customer relationships, which include approximately 20 percent of the Fortune 500. EDB is fortunate to include Frank among the forward-thinkers and seasoned executives who comprise EDB’s leadership.”