Mayfield Fund’s Kevin Fong Named Non-Executive Chairman
of 3PAR
Veteran VC Leverages 2 Decades of Storage Experience to Help Guide Company
Fremont and Menlo Park, California, June 15, 2007 – 3PAR, the leading global provider of Utility Storage for enterprises, service providers and government organizations, and Mayfield Fund today announced the appointment of Kevin Fong, Mayfield Managing Director, as non-executive chairman of 3PAR. Fong’s appointment follows the addition of two independent directors to the company’s board over the past year.
Fong, 53, is a veteran Silicon Valley venture capitalist who has provided
leadership to Mayfield since 1988. He has invested in several notable companies,
such as Crescendo Communications, Redback Networks, and Mobile 365. He
has a significant track record in the storage sector with investments such
as Legato Systems (now part of EMC), Vixel (now part of Emulex), OnStor, and
Mendocino Software. He currently focuses on the enterprise, communications
and semiconductor sectors in the U.S. and leads Mayfield's China-based strategy
and investments.
“As a founding investor in 3PAR and with two decades of building storage
companies, Kevin’s perspective will be invaluable,” said David
Scott, President and CEO. “We rely heavily on Kevin for pragmatic
advice as well as strategic guidance.”
Internet 500 companies, such as MySpace, and other leading companies with their needs for storage are deploying 3PAR solutions. 3PAR solutions are also deployed at the Ask portals, priceline.com, eHarmony, Shopzilla, Verizon Business, USi (an AT&T company) and Credit Suisse.
“David’s able leadership has proven key in developing 3PAR’s business, and I look forward to continuing to work with him,” said Fong.
About 3PAR
3PAR is the leading global provider of Utility Storage for enterprises,
service providers and government organizations. Utility Storage is a
simple, efficient and massively scalable tiered storage array designed to be
a key building block for Utility Computing. Utility Computing is an emerging
IT architecture that employs virtualization—which presents a logical
view of resources that is independent of the actual underlying physical assets—to
capture key advantages of traditional mainframe and client/server, or distributed
computing, environments, while reducing their complexity and inefficiency. Utility
Computing virtualizes key IT infrastructure elements, primarily application
servers and storage arrays, to create shared infrastructures for workload consolidation
that can enable services to be delivered more rapidly, flexibly, reliably and
economically. For more information, visit the 3PAR Web site at: www.3PAR.com.
About Mayfield Fund
Mayfield Fund provides “venture capital with impact” by partnering
with exceptional individuals to create industry-leading companies. Mayfield
has domain expertise in Internet media, communications/mobility and enterprise
software. The firm has $2.6 billion under management and invests in the U.S.,
China and India. Since Mayfield’s founding in 1969, the firm has
invested in more than 470 high-growth companies, taken more than 100 public,
and more than 150 have merged or were acquired. For more information, please
visit www.mayfield.com or
contact: Kamini Ramani, kramani@mayfield.com