Digital Reef Recruits Chris Risley as CEO

New CEO expects to continue extraordinary growth bringing more than 25 years experience in the software industry leading fast growth companies

Boxborough, MA. March 30, 2011   Digital Reef Inc. , the leading supplier of massively scalable SaaS based discovery and file governance services announced that it has recruited Chris Risley to become its President and CEO.  Bob Lentz, Digital Reef’s Interim CEO, said “We are very pleased to have Chris join Digital Reef. We were looking for a permanent CEO with IPO experience and with a history of running fast growing companies.   Chris has led seven venture-backed companies resulting in an IPO and three sales to public companies.   We know that Chris is the right person to lead Digital Reef through its rapid growth phase.”

Risley said  “I’m delighted to be joining the team at Digital Reef.  Our founder and CTO, Steve Akers has been CTO twice before.   The first company, Shiva, makers of massively scalable remote access servers went public and reached a market capitalization of over $3 billion.   At the next company, SpringTide, Steve designed a carrier scale advanced IP switching service.  SpringTide sold to Lucent for more than $1.3 billion.   At Digital Reef Steve has developed some very deep grid-based technology for indexing and discovering the syntactical relationship between documents in unstructured data.    Under Bob the company found markets for that deep technology and we now have an opportunity to accelerate the company’s growth with a strong push into the markets we’ve developed.  We need to focus now, but frankly we’ve only just begun to tap the markets where we can apply Steve’s technology for discovering the structure and relationships within unstructured data.”

Chris Risley has more than 25 years experience in the software industry leading fast growth companies to provide great returns for their investors.  His investors have included Accel Partners, Bessemer Venture Partners, Charles River Ventures, Deutsche Telekom, Highland Capital, In-Q-Tel, Juniper Networks, Kleiner Perkins Caufield & Byers, Sequoia Capital, Sumitomo, Verisign and others.  In addition to his role at Digital Reef, Mr. Risley serves as Chairman of StreamBase Systems, Inc and as Chairman of the Executive Committee of Nominum, Inc.

About Digital Reef:
Digital Reef is a leading software provider helping enterprises, law firms, and service providers with Discovery and Digital Information Governance. Both corporate and IT executives are challenged to find and manage the right information, at the right time necessary to respond to constant business demands such as government laws and regulations, corporate accountability and compliance, and IT digital file and storage policies.  Using the industry’s fastest, most scalable and secure grid-based SaaS platform, businesses can rapidly collect, analyze, and then govern information. Digital Reef gives businesses an unprecedented control of their information which can be derived from wherever it resides including emails, documents, repositories, and over 400 different types of files, including images. With Digital Reef, organizations have a standard, disciplined approach to continuously govern information for projects driven by Federal Rules of Civil Procedure, FTC false claims, Sarbanes-Oxley, SEC risk assessments, FDA approvals, and internal IT policies for digital information security, retention, and file management.  Enterprises and their law firms, services providers, and consultants across all industries rely on Digital Reef for the fastest way to transform un-managed information into valuable assets.
Digital Reef is headquartered in Boxborough, Massachusetts. For more information call 978-893-1000 or visit www.digitalreefinc.com.

Press Contacts

David Bailey
Digital Reef Inc.,
508.685.8021 office
978.893.1072 mobile
dbailey@digitalreefinc.com

Elise Ouellette
Account Director
Matter Communications
978-499-9250 x 245
elise@matternow.com