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Print Edition StoriesFriday, July 10, 2009
CEO Phillips out at Marathon Technologies
By Galen Moore
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Marathon Technologies Inc. has replaced CEO Gary Phillips, the company reports, and CFO Dan Sullivan is serving as interim CEO while the company recruits a replacement for Phillips.
Phillips joined the Littleton-based maker of fault-tolerance software in 2005, shortly after the company emerged from Chapter 11 bankruptcy protection. Previously, Phillips had been senior vice president of worldwide sales and services at Avaki Corp., a Cambridge-based provider of grid software solutions.
“With several industry factors driving an increasing priority for automated high availability and fault-tolerant software, the company has entered into a new phase of growth that is driven by a higher volume business model,” said an emailed statement attributed to chief marketing officer Steve Keilen. “Marathon is currently in the process of recruiting a new CEO who has deep experience successfully executing against this model.”
Since it emerged from its 2003 bankruptcy filing, the company has raised $20.8 million from investors including Atlas Venture, Longworth Venture Partners and Presidio Venture Partners, and launched a new line of products designed to synchronize two Windows servers to create a virtual application that runs simultaneously. If one server fails, the server is designed to allow the application to continue operating without interruption. Marathon was founded in 1993.
In his statement, Keilen credited Phillips for building Marathon’s customer base from 400 customers to 2,500.
Other than the emailed statement, company officials and investors did not return calls requesting comment, and Phillips himself could not be reached.
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