NEWS RELEASES Virtual Iron Bolsters Management Team With Marketing Executive Michael Grandinetti Joins Company as Chief Marketing Officer Acton , MA , August 16, 2005 – Virtual Iron Software ( www.virtualiron.com ), a provider of virtual computing and dynamic infrastructure management solutions, today announced that Michael Grandinetti has joined the company as Vice President and Chief Marketing Officer. Grandinetti will be responsible for driving the company’s strategic product planning, product management, product marketing, corporate marketing, and market development efforts. Prior to joining Virtual Iron, Grandinetti served as senior vice president and chief marketing officer for Yantra Corp., which was acquired by SBC in January 2005. Before Yantra, Grandinetti spent a number of years as a senior executive at venture backed technology companies including Connected Corporation, Raptor Systems, and Viewlogic, where he was part of the management teams that executed successful IPOs and/or subsequent acquisitions. Early in his career, Grandinetti worked at McKinsey as a strategic management consultant. "Mike has been instrumental in successfully developing and defining new market categories, and launching and positioning emerging technology companies for rapid growth,” said John C. Thibault, President and CEO of Virtual Iron. “He brings a strategic market-driven discipline to our business and will play a vital role in establishing Virtual Iron as the market leader in data center virtualization management solutions for the enterprise market.” In addition to his corporate experience, Grandinetti holds a long-standing faculty appointment as a Senior Lecturer at the MIT Sloan School of Management. He also serves as a member of the Leadership Roundtable Advisory Board for the New England Business and Technology Association. Grandinetti received his BS in Engineering, from Rutgers , where he was elected to the National Engineering Honor Society. He received his MBA from Yale, where he was named the Jess Morrow Johns Memorial Scholar and was the recipient of the Procter and Gamble Marketing Leadership Award and a Yale Teaching Fellowship. “The team at Virtual Iron team has developed a ground-breaking and highly differentiated solution to an on-going, critical customer need. I will focus on tightly integrating the voice of the customer into the company’s marketing and product development efforts and establishing our leadership position in our key target markets,” said Mike Grandinetti , chief marketing officer of Virtual Iron. “The company is well-positioned to lead the virtualization market and fundamentally change the way in which companies reduce the complexity and improve the economics of enterprise data center management.” About Virtual Iron Contact: |