Viridity Software Appoints Arun Oberoi as New President and CEO

For Immediate Release:

With Proven Chief Executive And General Management Experience At Several Of The Industry’s Best-Known And Respected Companies, Oberoi Brings A Track Record For Building Rapid Growth Businesses

Burlington, MA (December 14, 2010) – Viridity Software, the leading provider of data center optimization and energy resource management solutions, today announced the appointment of Arun Oberoi to the position of President and Chief Executive Officer (CEO), effective immediately.

Arun Oberoi has consistently built rapid growth enterprises ranging from start-up businesses to mid-size to multi-billion dollar global organizations, including major brands such as HP OpenView and what is now IBM’s Netcool. Prior to Viridity, Oberoi served as CEO of Aveksa, a market-leading provider of enterprise access governance and management software, where he led the company to revenue growth of over 500%. Previously, he was EVP of Worldwide Sales and Services at Micromuse, an industry-growth leader in high-end network management and service assurance solutions. Micromuse was acquired by IBM for $865M, where Oberoi led the integration, its continued fast growth, and field expansion as Vice President within IBM Tivoli. Prior to Micromuse, Oberoi held various executive roles within HP. He was Vice President and General Manager, HP Worldwide Software Sales and Marketing; this portfolio included HP OpenView where he helped grow the business from early-stages to over $1B. Oberoi was also VP and GM of HP’s Worldwide Top 100 Corporate Accounts and Industries.

“Arun’s background combined with Viridity’s innovation and customer traction provides a great mix for accelerating leadership in this market,” said Jamie Goldstein, Partner North Bridge Venture Partners and member of Viridity’s Board of Directors. “We see a rapidly growing and compelling market opportunity in the data center optimization and energy management space.”

Sunil Dhaliwal, a General Partner with Battery Ventures and a member of Viridity’s Board of Directors stated, “Arun is a demonstrated leader with a history of building high-growth companies. We’re thrilled to have someone of his talent and experience leading our team.”

“I am excited about joining a very talented and fun team whose founding vision for the company solves the escalating problem of mapping the virtual information world to the physical realities of the data center. Attempting to optimize data center infrastructure for IT utilization, power, space, cooling and cost with the dynamically changing service demands is a spiraling problem,” said Oberoi. “This is a huge opportunity to create customer value and we look forward to making Viridity the trusted brand to solve these issues.”

Oberoi holds an MBA from the Kellogg School of Management, Northwestern University, and a BA from Delhi University (India).

Oberoi succeeds former CEO, Bob Steinkrauss, who recently decided to leave citing health reasons.

About Viridity Software
Based in Burlington, MA, Viridity Software is the leader in data center optimization and energy resource management software. Its EnergyCenter™ data center energy monitoring, measurement and management software provides customers with a cross functional solution for understanding the connection between physical infrastructure, IT equipment and applications. Once these connections are fully understood, actionable strategies are provided so that customers can run more efficient, less expensive, highly optimized, eco-friendly, sustainable data centers. For further information, please visit: www.viridity.com, email: info@viridity.com or call: 781-425-2060.

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© 2010 Viridity Software, Inc. Viridity Software and EnergyCenter are trademarks of Viridity Software, Inc. All other brands and products names in this announcement may be trademarks or registered trademarks of their respective holder.

Contact:

Nicole Gorman
Corporate Communications
Viridity Software
508-397-0131
Nicole@viridity.com

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