ObserveIT Expands Executive Team with CFO Peter Biro

  ObserveIT Expands Executive Team with CFO Peter Biro

 Entrepreneur and Business Development Expert will Head Finance at ObserveIT
                                 Headquarters

Business Wire

BOSTON -- May 29, 2014

ObserveIT, a leader in privileged user activity monitoring, has appointed
Peter Biro to head the company’s finance team as Chief Financial Officer. He
works in the company’s new Boston headquarters.

Peter Biro, ObserveIT CFO (Photo: Business Wire)

Peter Biro, ObserveIT CFO (Photo: Business Wire)

Mr. Biro joins ObserveIT from Restaurant Sciences (acquired by GuestMetrics
LLC), where he served as vice president of business and corporate development
and led the company’s efforts in channel partnerships, strategic alliances and
product strategy.

“Peter’s proven ability to keep companies financially sound during high growth
periods is an excellent skill set and one we are excited to add to our
executive team,” said Paul Brady, ObserveIT’s CEO. “His diverse background and
expertise made him the right choice for our company.”

Prior to Restaurant Sciences, Mr. Biro served as an entrepreneur-in-residence
at General Catalyst Partners, and as chief operating officer of
publicly-traded online marketing company Lyris Inc. (NASDAQ: LYRI). He also
founded The Cowper Group, a management consultancy focused on mergers and
acquisitions in IT infrastructure and service companies. He began his career
in information technology on Wall Street.

Mr. Biro is an active entrepreneur and investor, and has backed and co-founded
one of the largest franchise groups nationally for Five Guys Burgers and
Fries. He holds an MBA from Stanford University and a BS in Electrical
Engineering from Duke University. Mr. Biro is a frequent speaker and lecturer
in the entrepreneurship division at Babson College, and is active in several
Boston-area nonprofit companies.

“I’m delighted to join the high-caliber team at ObserveIT and to play my part
in ensuring the growth of the company’s important security technologies,” said
Mr. Biro.

Mr. Biro and his family reside in Wellesley, Massachusetts.

About ObserveIT

ObserveIT, a leader in privileged user activity monitoring, allows companies
to leverage the benefits of cloud based and increasingly open IT environments
without sacrificing the security of a company’s most important asset, their
data. By auditing, monitoring and recording privileged user activity,
ObserveIT dramatically reduces the cost and time required for compliance and
enables companies to monitor third-party vendor relationships. ObserveIT
provides real-time and historical, context-aware video monitoring of
privileged user activity for physical, virtual and cloud based servers and is
currently in use in more than 1,000 corporations in 70+ countries. For more
information on the company, visit www.ObserveIT.comor find us on
Twitter@ObserveIT.

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Contact:

Rainier Communications
Lea Tzimoulis, 508-475-0025 x117
ObserveIT@RainierCo.com
 
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