Delphix Appoints Chris Cook as President and CEO
Founding CEO Jedidiah Yueh Transitions to Executive Chairman
MENLO PARK, Calif., April 19, 2016 - Delphix, the market leader in data virtualization, today announced the appointment of Chris Cook as president and chief executive officer and a member of the board of directors. Founding CEO Jedidiah Yueh will transition to executive chairman and focus on continued innovation in the Delphix platform, strategy, vision, and key customer and partner relationships.
Cook joins Delphix at a time of accelerating company growth as customers continue to realize the benefits of fast data for improving application development and analytics:
- Delphix increased revenue by more than 70 percent over the prior year in its most recent fiscal year.
- New customer acquisition increased by 66 percent during the same period, with more than 30 percent of the Global 500 as customers across all major industries, including financial services, healthcare, and government.
- Delphix continues to expand operations globally with over 400 employees, serving customers in over 30 countries on all continents.
- Delphix recently released 5.0, the next major evolution of its flagship product, enabling customers to easily secure and mask sensitive data before migration to the cloud, and extending the platform to IBM DB2 databases and multi-node Oracle EBS deployments.
"Although we've grown quickly over the last seven years, we've only scratched the surface of the opportunity. Continuing to scale at this level really becomes a matter of talent," said Yueh. "Over the last few decades, Chris Cook has established a reputation as one of the top operating executives in the software industry, and we're looking forward to having him lead our team."
In a shared statement, Asheem Chandna and Chris Schaepe, members of the board of directors at Delphix, and partners at Greylock Partners and Lightspeed Venture Partners, respectively, said, "Delphix has established itself as the market leader in data virtualization. Chris Cook is a world-class leader and brings over two decades of enterprise experience to Delphix. We are delighted to welcome Chris to the company and look forward to seeing Delphix scale significantly under his leadership."
Chris Cook is a veteran technology executive with more than 25 years of experience in the enterprise software industry. Most recently, Cook served as president and chief operating officer of New Relic, a software analytics leader, where he spent over four years scaling the company's operations, leading to a successful IPO in 2014. Prior to New Relic, Cook spent four years as corporate senior vice president and general manager of CA Technologies' application performance management division and held sales leadership positions at Quest Software and BMC Software.
"When you walk into Delphix, you see the customer logos on the wall – a who's who list of companies that would be the envy of any enterprise software company at this stage," said Cook. "But when you peek under the covers and see the renewal and expansion rates – that's when you really see the power of data virtualization and the potential for Delphix to be a very large company."
Cook added, "As applications and data become increasingly critical components of business success, the ability to safely and rapidly access the right data at the right time by the right people becomes a competitive advantage for any company. Delphix's groundbreaking data virtualization technology delivers on this promise and is well positioned for expansion."
Delphix is the market leader in data virtualization, helping organizations release applications up to 10x faster by delivering secure, virtualized data across the application lifecycle. More than 30 percent of the Global 500 use Delphix software to deliver data across development, testing and reporting environments, improving developer productivity and data security on premises or in the cloud. Delphix is headquartered in Menlo Park, California, with offices around the world, and can be found online at www.delphix.com.
Delphix is a trademark of Delphix Corp. in the United States and other jurisdictions. All other marks and names may be trademarks of their respective organizations.
Delphix Corporate Communications
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