Lou Shipley Joins Board of Directors at Wasabi Technologies

BOSTON, MA – February 19, 2019 – Wasabi, the hot cloud storage company, announced today that Lou Shipley has been appointed to its board of directors. Shipley is the former President and CEO of Black Duck Software, which was acquired in 2017 by Synopsys for $565 million.

After taking over as CEO in 2013, Shipley transformed Black Duck from a compliance-focused open source software company into the global leader in open source security and management solutions. Wasabi, recognized for being one of the cloud storage industry’s fastest growing companies, has selected Shipley to join its board as the company scales its operations and plans for global expansion in 2019.

“Lou Shipley is an accomplished and extremely successful software executive, and I am pleased that we will be able to benefit from his ideas, experience, and guidance in the years ahead,” said David Friend, CEO of Wasabi. “Wasabi is experiencing extremely fast growth and we need to quickly evolve our team, processes, and procedures. Lou has been through this kind of growth before and his perspective and advice will undoubtedly allow us to scale more smoothly and rapidly.”

An enterprise software executive with more than 25 years of experience, Shipley has held key roles at four other Massachusetts software startups – Avid, WebLine (Cisco), FairMarket (eBay), Reflectent (Citrix) and VMTurbo. He is also a board member at CustomerGauge, SentryOne, FairMarkit and Teamworks and is currently an Executive in Residence (XIR) at General Catalyst.

“Wasabi delivers exactly what companies want from their cloud storage provider – low cost, lightning fast speed, high performance and scalability,” said Shipley. “In less than two years Wasabi’s innovative hot storage offering has dramatically altered the competitive landscape. I’m looking forward to helping accelerate growth and expand globally.”

About Wasabi

Wasabi is the hot cloud storage company delivering disruptive storage technology that is 1/5th the price and up to 6x the speed of Amazon S3 with no additional hidden fees. Unlike first generation cloud vendors, Wasabi focuses solely on providing the world's best cloud storage platform. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi is on a mission to commoditize the storage industry. Wasabi is a privately held company based in Boston, MA. Follow and connect with Wasabi on Twitter, Facebook, Instagram and our blog.

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