SAN FRANCISCO, June 29, 2011 /PRNewswire/ -- Basho Technologies, the fast growing data storage and management software company serving the enterprise market, today announced that its Board of Directors has named Donald J. Rippert, long time Chief Technology Officer of Accenture, as President and Chief Executive Officer of Basho, effective July 1. Mr. Rippert will lead Basho in what the Board expects to be a period of extraordinary growth for the company. In addition, Basho announced that it has successfully completed its $7.5 million Series D Equity Financing, further enhancing the company's ability to capitalize on the fast growing demand of enterprises and government agencies for database software specifically built to manage the explosion of data being generated by growing Internet users and web applications. The extraction of value from this data explosion is often referred to as 'Big Data'.
Prior to joining Basho, Mr. Rippert has enjoyed a highly regarded 29 year career at Accenture. As that company's Chief Technology Officer for more than six years, Mr. Rippert has been overseeing and managing technology vision and strategy, as well as Accenture's Technology Labs. Mr. Rippert's decision to leave Accenture to become Chief Executive Officer of Basho is a reflection of his confidence in the enormous market potential for database software that is able to reliably manage enterprise and government agency's Big Data needs. Mr. Rippert will succeed Basho's Chief Executive Officer and co-founder Earl Galleher, who will continue in his role as Chairman of the Board.
Mr. Galleher said, "The Board and I are thrilled that Don has chosen to join Basho as Chief Executive Officer. There is no executive in the market today with a better understanding of the changing data management needs of large enterprises and government agencies. Don will build upon Basho's growing customer base, which includes, among others, a number of major companies in the healthcare, cable, telecommunications and software industries."