Crossroads Systems Appoints Richard K. Coleman, Jr. as President and CEO
AUSTIN, TX -- (Marketwired) -- 11/22/13 -- Crossroads Systems, Inc.
(NASDAQ: CRDS), a global provider of data storage solutions, today
announced the appointment of Richard K. Coleman, Jr. as president and
chief executive officer. Mr. Coleman had previously been serving as
interim president and chief executive since May 2013.
With a lengthy background as a private investor and business advisor,
Mr. Coleman founded Rocky Mountain Venture Services (RMVS), helping
technology companies plan and launch new business ventures and
restructuring initiatives since 1998. He has served in a variety of
senior operational roles, including CEO of Vroom Technologies, COO of
MetroNet Communications, and President of US West Long Distance. He
also led Sprint Communications' Technology Management Division.
He previously served as an adjunct professor for Regis University's
graduate management program and is currently a guest lecturer for
Denver University, focusing on leadership and ethics. Mr. Coleman
holds a bachelor's degree from the United States Air Force Academy,
an MBA from Golden Gate University, and is a graduate of the United
States Air Force Communications Systems Officer School.
"Crossroads has made dramatic progress on all fronts in the last six
months," Coleman said. "I'm excited to be part of this team and to
help write the next chapter in what will ultimately be the story of a
About Crossroads Systems
Crossroads Systems, Inc. (NASDAQ: CRDS) is
a global provider of data archive solutions. Through the innovative
use of new technologies, Crossroads delivers customer-driven
solutions that enable proactive data security, advanced data
archiving, optimized performance and significant cost-savings.
Founded in 1996 and headquartered in Austin, TX, Crossroads has been
awarded more than 100 patents and has been honored with numerous
industry awards for data archiving, storage and protection. Visit
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release includes forward-looking statements that relate to the
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Systems, Inc. and involve known and unknown risks, uncertaintie
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Forward-looking statements include, but are not limited to,
statements about Crossroads Systems' ability to obtain, maintain or
protect patent and other proprietary intellectual property rights,
future capital requirements, regulatory actions or delays,
competition in general, and other factors that may cause actual
results to be materially different from those described herein.
Forward-looking statements in this press release are based on
management's beliefs and opinions at the time the statements are
made. Crossroads Systems does not intend, and undertakes no duty, to
update this information to reflect future events or circumstances.
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Copyright2013 Crossroads Systems, Inc. Crossroads and Crossroads
Systems are registered trademarks of Crossroads Systems, Inc. All
trademarks are the property of their respective owners. All
specifications are subject to change without notice.
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