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Joyent Appoints New CEO to Accelerate Growth With Focus on Hybrid Cloud Computing

Scott Hammond Joins Joyent Executive Leadership Team From Cisco Systems

SAN FRANCISCO, CA -- (Marketwired) -- 06/25/14 -- Joyent, the high-performance cloud infrastructure and data services company, today announced the appointment of Scott Hammond as Chief Executive Officer. Under Scott's leadership, Joyent seeks to accelerate growth with a focus on hybrid cloud infrastructure, which is expected to become the largest segment of cloud computing in coming years. Gartner predicts 50 percent of all enterprises will have hybrid cloud deployments by 2017.

With over two decades of senior leadership experience, Hammond joins Joyent from Cisco Systems, where he was Vice President of Strategy and Business Development for Cisco's Cloud and Systems Management Technology Group. Previously, Scott served as CEO of newScale, Inc., acquired by Cisco in 2011 and Digital Market Inc., acquired by Agile Software in 1999. Scott's background in the cloud computing and data center automation space, plus his track record growing successful startups, make him an ideal fit to propel Joyent's growth and continued evolution.

"Joyent has a massive market opportunity coming into the era of hybrid cloud adoption," said Hammond. "The long tail of cloud computing kicked off in the enterprise and will multiply dramatically as large and midsize companies move to deploy applications written for the cloud, in the cloud. What we're seeing now is essentially the next stage of hardware consolidation, where we're going from a 10x return on server spend from virtualization, to even greater consolidation by bringing the economics of public cloud into the data center. Joyent's ability to provide a consistent, high-performance technology stack for both public and private use gives the company a significant differentiator and advantage in a noisy market."

The news of Scott's appointment coincides with the launch of SmartDataCenter 7, a complete cloud management platform for private and hybrid cloud deployments, designed around lightweight, container-based virtualization and proven at scale for years as the backbone of Joyent's Public Cloud.

"Through his leadership, Scott has a history of accelerating growth and driving new sources of revenue for both proven and emerging companies. As the cloud industry matures towards a hybrid future, his vision aligns perfectly with Joyent's centered around a new economy of datacenters and cloud services," said Charles Beeler, general partner, Icon Ventures, who sits on Joyent's board of directors. "Analysts predict a multi-billion dollar market opportunity for enterprise cloud services, and Scott is the perfect leader to help Joyent capitalize."

About Joyent
Joyent is the high-performance cloud infrastructure and data services company delivering a complete set of solutions for today's real-time web and mobile applications. Joyent provides multiple IT infrastructure capabilities including compute, networking, solution appliances, and the Joyent Manta Storage Service -- the first highly scalable, distributed object storage service with integrated compute. Joyent is also the corporate steward of Node.js, the popular and fast-growing open source server-side JavaScript project.

Media Contact
LaunchSquad for Joyent
415-625-8555
joyent@launchsquad.com

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