SUNNYVALE, CA — (Marketwired) — 03/01/16 — today announced that Peter Chantel has been named as the company–s Chief Financial Officer. As CFO, Chantel will play an integral role in building and shaping the company–s long-term financial model, accounting systems and internal controls. In addition, Chantel will apply his expertise in both start-up and high-growth environments to build revenue strength and raise capital.
“Peter is an outstanding financial executive and an experienced CFO,” said Mike Grossman, CEO, Zetta. “As we continue to map out our strategies for long-term growth, his experience in driving financial discipline, strategic deal making and business development will be valuable assets to the team and contribute positively to our fiscal management, profitability and success.”
Chantel enters Zetta as the company refines its strategy to capitalize on the significant market opportunity for cloud-based backup and recovery solutions which, according to a 2015 IDC report, are expected to account for more than $1 billion by 2018.
“I am pleased to join the Zetta management team and look forward to having an active role in the success of a company so ripe with opportunity and growth potential,” said Chantel. “In my many years working with start-up and high-growth technology businesses, I can–t think of a technology opportunity more properly aligned with a market need as what we have in front of us at Zetta. Zetta–s 100% cloud-based model for backup and disaster recovery is a game changer for today–s mid-size businesses that need to quickly enable true business continuity in a competitive market landscape.”
Chantel brings more than 24 years of senior financial leadership to Zetta. Most recently he served as CFO for SugarSync where he helped to drive the financial strategy which led to its acquisition by J2 Global. Chantel has also held CFO positions with Akimbo Systems and Signatures Network and was a co-founder of OnVideon, Inc. He has additionally served in financial executive and analyst positions with AT&T and Colony Capital. Chantel is CPA certified, a member of AICPA and holds a Bachelor–s Degree in Accounting from DePaul University.
Zetta is an award-winning provider of high-performance that are a worry-free choice for businesses and managed service providers. The Company–s direct-to-cloud approach provides businesses a fast and reliable way to protect, access and quickly recover their business-critical data and systems — both physical and virtual — without the need for costly extra hardware. For more information, visit .
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Erin Jones
Avista PR for Zetta.net
(704) 664-2170
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