PHD Technologies gets funding, appoints a new CEO

In January PHD Technologies, a US startup focused on virtual machines backup and replication, surpassed 1000 customers.

The extended user base, and an increasingly competitive segment, probably required a more articulated leadership as the company just appointed a CEO: Sridhar Murthy.

Murthy has over 18 years of leadership in high growth technology companies. For the past two years he served as chief operating officer and chief financial officer at During his tenure, the company doubled its revenues. Prior to this, Murthy was chief financial officer and vice president of operations at Collabnet, a provider of hosted enterprise solutions for distributed and outsourced software development. Earlier in his career, Murthy held finance and operations leadership positions at Get2Chip, Ariba Inc. and Remedy Corporation.

The press announcement also mentions a recent equity investment but doesn’t reveal the venture capital firm behind it or the funding amount.