ADDING MULTIMEDIA Zenoss Names Michael Lovell as Chief Financial Officer

AUSTIN, Texas--(BUSINESS WIRE)--

Zenoss Inc., the leader in hybrid IT monitoring and analytics software, today announced Michael Lovell as the company's new chief financial officer (CFO). As CFO for Zenoss, Lovell will join the executive management team and lead Zenoss' finance and accounting operations from the company's headquarters in Austin, Texas.

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Lovell brings over 20 years of finance, accounting and operations experience along with a proven track record of leading teams through periods of high growth and developing transformational business strategies for global software-as-a-service (SaaS) and hardware companies.

During Lovell's tenure as CFO at Lifesize, a SaaS-based video collaboration company, he held global responsibility for all finance, accounting, legal, human resources and IT functions. Proving his leadership acumen in his previous role as director of financial planning and analysis, he served an integral role in the successful integration and acquisition by Logitech LOGI in 2009. As CFO, he architected the financial and operational strategy that separated the organization from Logitech and transitioned it back to a privately held entity in 2015.

"We are thrilled to have Michael on the team," said Greg Stock, chairman and CEO of Zenoss. "His extensive financial planning and strategic experience in growth companies — both private and publicly traded — is impressive, and we look forward to leveraging his skills as we expand our direct and channel business. More than that, he embodies Zenoss' core values and strong family culture."

Prior to serving as CFO of Lifesize, Lovell was vice president of finance at Surgient, a leading provider of SaaS-based virtualization technology. He also served as CFO and vice president of operations of NewportWorks, a provider of voice technology solutions, where he managed the acquisition by First American Title Company. Prior to that, he was CFO of San Francisco-based Grassroots Enterprise, a leading public affairs firm specializing in online communications strategies.

"With the IT monitoring market thriving, this is an exciting time to join Zenoss, and I am thrilled to work alongside such a talented leadership team," Lovell said. "In a space with huge demand from large, global enterprises and service providers, Zenoss is already established as the market leader and is poised for significant growth. I'm truly excited about what's in store for us."

Zenoss' Software as a Service (SaaS) helps organizations deliver hybrid IT service assurance at scale by monitoring cloud, virtual and physical infrastructures from a single unified platform. Zenoss offers the industry's broadest deployment options, including Zenoss managed and customer managed (within AWS or on premises). Enterprise organizations and service providers are increasingly choosing hybrid IT monitoring as a service for faster time to value, reduced costs, and greater efficiencies of resources.

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About Zenoss

Zenoss works with the world's largest organizations to ensure their IT services and applications are always on. As the global leader in hybrid IT monitoring and analytics software, Zenoss provides complete visibility for cloud, virtual and physical IT environments. Zenoss customers gain IT performance and risk insights into their unique IT ecosystems through real-time analytics that adapt to the ever-evolving data center and cloud, enabling them to eliminate disruptions and accelerate business. www.zenoss.com

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