Tervela Appoints Vice President of Sales to Drive Continued Growth

June 16, 2011

NEW YORK, June 16, 2011 /PRNewswire/ — Tervela, the leading provider of fast, reliable data movement solutions for mission-critical applications, today announced that it has appointed Mike Leeolou to the position of Vice President of Sales. With over 25 years of experience in enterprise sales and executive management, Leeolou brings a proven track record, strong relationships, and first-class leadership to Tervela. Leeolou will be responsible for leading Tervela’s overall revenue growth, and will report directly to Tervela CEO Eric Schnadig.

For the past five years, Leeolou was Vice President of Sales at GridApp Systems, where he was responsible for driving record revenue results that eventually led to GridApp’s acquisition by leading software provider BMC. Prior to GridApp, Leeolou served as Vice President of North American Sales Operations at CA, Inc., negotiating multi-million dollar ELAs and restructuring the company’s Customer Relations Organization. Leeolou has also held senior-level sales management positions at Graphnet, Inc., and InterAct Marketing, managing national organizations and closing complex sales for those companies.

“Tervela has made great strides in the past 12 months, and I’m very excited to be joining at this time,” said Leeolou. “The fact that Tervela is helping some of the largest banks solve big challenges with global, real-time mission-critical apps is a strong indicator of even bigger opportunities for Tervela.”

“Mike is joining Tervela at a time when we are expanding our customer base, our vertical focus, and our geographic distribution,” said Schnadig. “His experience and execution focus will enhance our growth prospects and bring management depth to our team.”

Leeolou holds a B.S. in Health Science from SUNY at Cortland, and will work out of Tervela’s New York, NY office.

About Tervela

Tervela provides a market-leading data fabric solution that dramatically improves the reliability, performance and cost efficiency of mission critical applications that require high speed, no-loss data movement across complex and demanding business environments such as global trading, telecommunications, cyber security, and new media. Founded in 2004, Tervela is deployed in leading Financial Services companies, including proprietary trading firms IV Capital and Allston Trading; prime brokerages such as GBM; brokers such as Goldman Sachs; marketplaces such as Tradeweb and interdealer brokers and exchanges such as ICAP. For more information, please visit www.tervela.com.

Erin McElwain
+1 646-586-4220

SOURCE Tervela

Source: newswire

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