BitTitan Reinforces Position as Cloud Services Enablement Leader With Global Market and Executive Team Expansion

KIRKLAND, WA--(Marketwired - Nov 17, 2015) - BitTitan, the cloud services enablement leader, today announces the appointment of three members to its executive team in line with the rapid adoption of its cloud enablement solutions worldwide. BitTitan's growth exemplifies the success of its end-to-end cloud enablement platform MSPComplete, which powers IT service providers to grow cloud services revenue and profitability.

The adoption of cloud products and services across the globe is growing at a record pace. As SMBs and enterprises adopt more cloud technology, they are shifting buying relationships towards partners that focus on cloud and mobility. This shift creates a massive opportunity for a new breed of IT service provider, cloud service brokers (CSBs). BitTitan's MSPComplete enables CSBs, also known as managed service providers (MSPs), to tap into this potential with all of the tools, products and education needed to successfully sell, onboard and service cloud technology. Any partner of any size can drive value for customers and increase revenue and profitability for their business.

The offerings under MSPComplete have driven year-over-year record growth for BitTitan including:

• 104 percent revenue growth
• 126 percent new partner acquisition growth
• 2.35 million users moved to the cloud in the past 12 months, up 290 percent
• 111 percent increase in staff in the United States
• 43 percent increase in staff in Asia Pacific
• 300 percent increase in staff in Europe
• 200 percent increase in staff in Latin America

"With the right tools and intelligence at their fingertips, any partner can tap into the public cloud market by creating new offerings as a managed service provider," said Geeman Yip, CEO and founder of BitTitan. "Our expanded executive team is a testament to our dedication to continue making the services and support available to partners across the globe enabling them to capitalize on this potential. Each team member brings a background of success, qualifications and a determination that will enable BitTitan and our partners to achieve their goals."

BitTitan's Expanded Executive Team

Jennifer Martin was promoted to vice president of global sales in August 2015. Martin is responsible for strategic partnerships and revenue generation. Prior to this, she served as BitTitan's director of sales for 15 months. Under Martin's leadership, BitTitan sales more than doubled year-over-year, the sales team grew by more than 400 percent and the company successfully launched 10 new products to the global partner community. Previously, Martin served as director of digital sales for Bonneville Media, where she formed a new business unit focused on non-traditional revenue streams and monetization of digital assets.

Rocco Seyboth joined BitTitan in July 2015 as vice president & general manager of products. Seyboth is responsible for product strategy, go-to-market and marketing for BitTitan. He brings extensive cloud start-up experience from his previous roles. Prior to BitTitan, Seyboth served as vice president & general manager of cloud at Nuix, where he built the cloud division from inception and significantly expanded products and revenues. Prior to Nuix, Seyboth held various executive leadership positions at fast-growing cloud start-ups including LiveOffice, acquired by Symantec in 2012 for $115 million.

Barnett Silver joined BitTitan in October 2015 as vice president of finance. Silver brings deep experience in finance and technology. This includes six years as a principal at ATREG advising early-stage start-ups and multinationals, such as IBM, on complex, cross-border transactions in Europe, Asia and the U.S. Silver also held positions in the investment banking and debt capital markets divisions of Morgan Stanley and the investment banking division of LaSalle Partners.

Further details about BitTitan and MSPComplete are available at: www.BitTitan.com.

About BitTitan:

BitTitan is the cloud services enablement leader, delivering solutions that help IT service providers sell, and onboard, and service cloud technology. BitTitan's solutions are cloud-based and save time, money and resources without sacrificing security. Partners have used BitTitan's globally recognized products, including MigrationWiz™, to help more than 75,000 global customers transition millions of employees seamlessly to the cloud. For more information, visit www.BitTitan.com.